CPA and certified tax coach Robert Gambardella is the co-author of a new finance book, "Secrets of a Tax Free Life: Surprising Write-off Strategies Most Business Owners Miss."
The book features top advice from tax planners and experts from across the country.
Tips for targeting overlooked deductions:
The problem today is people are wasting over a billion dollars a year in taxes they don't have to pay. Generally they are doing one of two things wrong:
Source: http://www.wtnh.com/dpp/on_air/gmc_weekend/secrets-of-a-tax-free-life
The book features top advice from tax planners and experts from across the country.
Tips for targeting overlooked deductions:
- Deduct your children's expenses like soccer cleats and private school tuition by hiring them to work in your business.
- Know whether or not your 401k may be plotting against you and select a retirement plan that allows you to "choose" the tax rate you want to pay.
- Beat rising health care costs by lets your business reimburse you for your family's uninsured medical expenses
- Win the game without breaking the rules -avoid an audit by playing fair.
The problem today is people are wasting over a billion dollars a year in taxes they don't have to pay. Generally they are doing one of two things wrong:
- They aren't seeking proactive advice to take advantage of every available deduction, credit and break.
- They're just getting bad advice.
Source: http://www.wtnh.com/dpp/on_air/gmc_weekend/secrets-of-a-tax-free-life
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