Is flood insurance tax deductible for rental properties? [w/Examples]
If you own a property that is only used as a rental property, then you can deduct 100% of any flood insurance premiums when you file taxes. However, if you own a property that you use both personally...
If you run a business and want to hire independent contractors (such as freelancers) to do work for your business, then you'll need to follow some rules to avoid problems with the IRS. In this...
Filling out IRS form W-9 is a required part of most affiliate program sign up processes and is required by most businesses before they'll hire you for freelancing or independent contractor work. In...
How to Sell Your Company for $1 Billion & Pay ZERO Capital Gains Tax
"Kara sold her software company for $1.33 billion and paid ZERO capital gains taxes. I don't mean the tax bill was deferred to a later year. I mean the tax bill was erased from existence....
How to lose money by misunderstanding depreciation (and how not to)
"My outdoors Youtube business brings in $40-50k per month, but I knocked down my tax bill by buying 4 fishing boats."-- Noah (a Florida man) Unfortunately, Noah (not his real name) understood just...
"Nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions."-- Judge Learned Hand (Yes, surprisingly that was his real name!) Whether...