Why the Wealthy Use Oil & Gas Investments to Cut Six Figures Off Their Taxes
What if the money you’re about to send to the IRS could instead fund an income-producing investment? That’s exactly what oil and gas investing makes possible. Thanks to IRS Code Section 263(c), investors can claim massive upfront deductions while also generating long-term cash flow from production. This makes oil and gas one of the […]
Independent Contractor or Employee? Hiring Mistakes That Trigger an IRS Audit
Misclassifying workers is one of the biggest mistakes a business owner can make. It might seem cheaper to pay someone as a 1099 contractor, but if the IRS says they should be a W-2 employee, you’re looking at back taxes, penalties, and possible audits that could cripple your business. Let’s break down the IRS […]
How Founders Sell Their Companies With $0 in Taxes | QSBS Explained
Imagine selling your startup for $15 million and paying nothing in federal taxes? This is what QSBS makes possible. For startup founders and early investors, the Qualified Small Business Stock (QSBS) can make the difference between paying millions or paying nothing at all. Let’s break down how QSBS works, the new changes in the law, and the mistakes […]