One of the tax tips being sold to folks with IRAs, sometimes for exorbitant amounts of money, is going to cause them to lose their entire IRA. Basically, the hot shot financial planners/tax consultants restructure a person’s business or professional practice into an S corporation or LLC
Tax evasion is not a term you look up hoping to save money on your taxes. If you are planning to evade taxes sooner or later you will find yourself in serious legal trouble. Tax evasion or tax fraud, is the purposeful and illegal attempt to evade
LLC Tax Election-What is it? The LLC tax election tells the IRS how to tax your Limited Liability Company (LLC.) After the LLC was developed in the 1970’s, Congress did not define how it should be taxed. As a result, the Federal Government does not recognize the
Small business tax deductions can save a great deal of money on taxes. I have always said that your own small business can be your best tax deduction. The other day I mentioned this at my Arizona Boot Camp. One of the attendees mentioned that starting a
