Category: Ted’s Tax Tips Newsletter

Ted’s Tax Saving Tips Vol 201811 IRS Says TCJA Allows Client and Prospect Business Meal Deduction In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This …

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Drive Time Increases Odds of Deducting Rental Property Losses Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And …

Tax Saving Tips Vol 201810 Read More »

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New IRS 199A Regulations Benefit Out-of-Favor Service Businesses If you operate an out-of-favor business (known in the law as a “specified service trade or business”) and your taxable income is more than $207,500 (single) or $415,000 (married, filing jointly), your …

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Convert Your Personal Vehicle to Business and Deduct up to 100 Percent You probably like your personal vehicle just as it is. But wouldn’t you like it far better if it were producing tax deductions? Perhaps big deductions, immediately. And …

Ted’s Tax Saving Tips August 2018 Read More »

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How the 90-Day Mileage Log Rule Works for You  Often in an IRS audit, the examiner will ask for your mileage log at the beginning of the audit. If you do not have a mileage log, then you are in …

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Ted’s Tax-Saving Tips June 2018 IRS Rules for Deducting Your Business Gym If you have been thinking about the fitness of your employees and the possibility of a gym or other athletic facility, then you need to know the tax rules. …

Ted’s Tax-Saving Tips – June 2018 Read More »

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