Small Business Tax Strategies

If your company has to transfer an employee, you may help by providing relocation services.

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Can I roll over certain severance and a 401(k) into an IRA?

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Say you take out a bank loan and place that money in your personal checking account. Then you start to withdraw funds as needed. Over time, you use the account for several different purposes. You just bought yourself a whole peck of tax trouble. Why?

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Is there a maximum amount that any employee can be paid based on the idea of reasonable compensation with interest?

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What are the per diem deductions for merchant seamen?

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What triggers the wash-sale rule?

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What is the policy on taxing foreign citizens who work abroad for U.S. firms.

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If your company expects to owe less than $1,000 in employment taxes annually, you’ll be able to file the new Form 944 (Employer’s Annual Federal Tax Return) once each year with your annual return, rather than filing Form 941 (Employer’s Quarterly Federal Tax Return) four times a year.

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Even some taxpayers with complex returns do the “shoebox drop” when meeting with their tax preparer during filing season. But simply handing your preparer a pile of receipts and records will cost you several ways.

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While some view the home-office deduction as audit bait, you’ll withstand any IRS scrutiny if you know and follow the home-office deduction rules. In this Special Report, we’ll explain those rules in plain English and show you how to earn bigger and better deductions without getting off the living room couch.

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