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2017 Last-Minute Year-End Retirement and Medical Tax Deductions

With the clock ticking on 2017 and the ability to lower your tax bill coming to a close, we thought it would be helpful to bring to your attention two retirement and four medical year-end tax-reduction strategies. With the help of one or more of these strategies, you might save several thousand dollars. The six…
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Entertainment Tax Deductions Look Fishy

Here’s a true tax story that I think you will find interesting. John Henry is engaged in an IRS audit, and he has a big problem with his entertainment deductions. John’s first visit with the IRS was unsatisfactory. He did not have any proof of his entertainment costs. The auditor allowed him to return for…
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Last-Minute Tax Strats for Kids, Family and Marriage

The end of the year is approaching, so now is the time to utilize last-minute strategies to lower your tax bill. Here are four tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your business, and/or have situations where you give money to relatives and…
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2017 Last-Minute Year-End General Business Deductions

As the end of the year approaches, it’s a good time to think of planning strategies that will help lower your taxes for 2017. My goal is for you to leverage your tax deductions and credits to the fullest extent. I want to briefly discuss five different strategies that can be powerful tools in lowering…
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