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Q: Please enlighten us: When we exercise some of these various techniques to reduce taxes, does that increase the chance that IRS will audit us ??

A: This is a great question; one that I get asked all the time. In fact, I addressed this in my chapter Winning the Game Without Breaking The Rules in CTC’s recently published Bestseller Secrets Of A Tax Free Life: Surprising Write-Off Strategies Most Business Owners Miss.

For example, if you are currently filing as a single-member LLC on schedule C and elect to be taxed as an S Corporation in order to save self-employment taxes on the portion of your profit in excess of your reasonable salary; your risk of being audited is … Read more →

When it’s an “On-Premises Employee Athletic Facility” – and yes, you can deduct that*!

Do you have a home office with a pool out back? If so, have you ever viewed it as a way to pay less in tax? You should! You could be missing out on an opportunity to deduct it under IRS Code Section 132(h)(5) or Section 125!”

Like it or not, you need help with your taxes, in fact taxes have grown so complicated that the tax code contains more words than the bible! A Certified Tax Coach™ will look at your expenses and ask questions, hunting for missed deductions and ways to lower your tax bill.

The single most expensive tax mistake people make is … Read more →

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