Demystify IRS Code 414 & Retirement Plans! Understand who it applies to, controlled groups, 414(h) plans & tax benefits. Free resources for small businesses & employees!
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Discover the essentials of IRS Code 162(a) for maximizing business deductions. Learn the intricacies of ‘ordinary and necessary’ expenses, the impact of Supreme Court interpretations, and how the Cohan rule affects your tax filings. Stay compliant and optimize your deductions with this expert guide.
Unravel the mystery of IRS TREAS 310 in your bank transactions! Learn what this IRS code means for tax refunds and government payments, and what steps to take if it appears on your statement.
Dream of quitting your job and living off passive income? Learn how to generate income from dividend-paying investments and achieve financial freedom. This article explains what dividends are, how to build a strong dividend portfolio, and the steps you need to take to live off dividends.
Thinking about renting out a property? Learn how to maximize your tax deductions with the 199A deduction for rental property owners. This article explains what the 199A deduction is, how it works, and how you can qualify for it. Minimize your tax bill and keep more money in your pocket!
Learn how to leverage real estate loss deductions on your taxes with strategies for active participation, the Augusta Rule, and real estate professional status. Ensure you’re saving effectively.
Explore how the Secure 2.0 Act allows rolling over unused 529 plan funds into a Roth IRA from 2024, including benefits, limitations, and key conditions.
Understand how to deduct business meals and entertainment expenses with our guide. Learn about the 50% and 100% deduction rules and how to qualify.
Learn about stock certificate requirements for S-Corporations, including electronic record-keeping practices and guidelines for maintaining IRS compliance.
Learn how to change your business’s accounting method using IRS Form 3115, covering accrual vs. cash basis, filing procedures, and IRS compliance tips.