Did you know that if you have a Range Rover, you can write it off on your taxes? It’s true! The full amount of the purchase price can be deducted from your taxable income. So whether you’re self-employed or own your own business, Range Rover ownership could save you some money at tax time. In…
Category: Taxes
Cadillac Escalade Tax Write Off 2021-2022
The Escalade is an excellent vehicle for those who love American muscle. It’s not just about how it looks or drives, but also the fact that you can use this truck as your business car and save thousands on taxes! In this article we will be discussing Cadillac Escalade Tax Write Off 2021-2022. Cadillac…
Do You Need a Tax Attorney or CPA?
Do you need a tax attorney or CPA depends upon your business or personal tax or financial needs. Tax Attorneys and CPA’s both are expert in their own fields. While there might be some overlap in their expertise and skills both have different skillset that can help you in different ways. While both of them…
Tax Fugitive & Tax Crimes: Key Facts
No one likes paying taxes, especially when you have to pay a lot of it. Many taxpayers try to find ways to by pass the system by not paying correct amount of taxes or simply evading the taxes. IRS and State Tax authorities take tax evasion very seriously. Our Articles ” Tax Fugitive & Tax…
How to File Tax Return In Puerto Rico?
Many Taxpayers who move to Puerto Rico are under impression that they do not need to file a tax return nor do they need to pay a tax return because they are in “Tax Heaven”. Its not true. There are several tax filing requirements while you are in Puerto Rico. We have explained in detail…
7 Tax Challenges for Contractors & Construction Company Owners
If you are a Construction Company Owners or a Contractor you have probably seen your share of Tax problems. You may be getting a notice from the IRS or the State Tax Authority, seems like this circle never stops. Over the last 20 years preparing returns for General contractors and Subcontractors, we have seen our…
Tesla Model X Tax Write Off 2022-2023
People are Die Hard Fans of Tesla and they absolutely love Model X. Not only its a great looking SUV but it comes with best tax benefits. Some buy it as its electric and many buy it because they can use this vehicle for conducting their business and get thousands in tax write offs. In…
Can You Sell a Property With a Tax Lien?
If you have A Federal Tax Lien on your home or a property that you are looking to sell, you can still sell the property but you will need to follow IRS rules regarding paying off the lien and may take longer to close the property escrow. Can I Sell My House With A…
Tax Deductions For Restaurant Owners: Ultimate Guide
When you are a Restaurant owner, you have dozens of things to manage from employees, inventory and insurance. Its critical that you watch for every penny so you can maximize your profit. Small change in food cost or labor cost can dramatically change your profitability. We have compiled a list of Tax Deduction for Restaurant…
12 Helpful Tax Strategies for Beginners
Let’s face it, filing your taxes each year can be a daunting task that almost no one wants to deal with. If you are just starting your career or your business and you need help figuring out the best tax strategies to get the most out of your tax return this year, then there are…