2023 Last-Minute Year-End General Business Income Tax Deductions
Here are six powerful business tax deduction strategies you can easily understand and implement before the end of 2023. 1. Prepay Expenses Using the IRS Safe Harbor You just have to thank the IRS for its tax-deduction safe harbors. IRS regulations contain a safe-harbor rule that allows cash-basis taxpayers to prepay and deduct qualifying expenses […]
2022 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
Last-Minute Year-End Tax Planning Strategies When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2022 income taxes. The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies. […]
2022 Last-Minute Year-End General Business Income Tax Deductions
Business Income Tax Deductions The purpose of this blog is to get the IRS to owe you money. Of course, the IRS will not likely cut you a check for this money (although, in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are six powerful […]