I recently heard you mention the Alternative Minimum Tax (AMT) and how it can reverse the deductibility of things such as state taxes. You mentioned deductions from Oil and Gas investing, but I did not catch whether these deductions would be lost under the AMT
We found a couple of websites that will help us get a business name with creative artwork. Is there anything wrong with using them to get started?
I want to purchase a rental income property before the year is out. Would it be wise to purchase this rental property or not? Are there any tax benefits for doing this now?
The small actions you take on a daily basis often have the biggest impact.
I've been involved in the tax return preparation process for 30 years and I've come across many myths about tax returns.
Can deductions be taken if I form an entity?
Crushing your taxes can be as simple as changing your facts.
I have been reviewing the course Maximizing Deductions of Your Dream Vehicle. We just purchased a truck and it will be 95% business use. In the course, you instruct to buy in your personal name and immediately assign to the business and assign "all our rights".
Is there a "rule of thumb" about how much I can reduce my current withholding based on each $100,000 (or some other value) invested?
We were approached by a company that is offering to help us build "corporate credit". What are the pros and cons of "corporate credit"? And do you recommend it?