Cut That Tax Debt by a Third: How to Cancel Penalty and Interest assessments and Amended Code Section 274 Pack of 3 eBook

• Cut That Tax Debt by a Third: How to Cancel Penalty and Interest Assessments (e-Book size: 8 x 11 format 58 pages).
  
• Amended Code Section 274: Meals and Entertainment Deductions: (e-Book size: 8 x 11 format 17 pages)
• Section 199A Deduction: How To Maximize Benefits (e-Book size: 8 x 11 format 40 pages).

IRS penalties and interests keep on increasing every month if your taxes are outstanding after the filing deadline. You are liable to pay penalties and interests on the entire outstanding amount even if you have qualified for a tax debt payment plan and have started to make payments. Sometimes penalties can go up to 25 per cent solely on the discretion of the IRS.  Also, the federal agency charges an additional penalty of 5 per cent on taxes that have not been filed.

Just about every one of the over 140 penalty provisions contains a “reasonable cause” provision. This means that when you acted in good faith and based upon a reasonable cause for your actions, the penalty does not apply. Penalties are designed to achieve voluntary compliance by penalizing deliberate, non-compliant behavior. They are not intended to make matters worse for delinquent citizens who are otherwise honest.

Written and taught by Daniel J. Pilla. Mr. Pilla will teach you all the insider tips, tricks and secrets on Cut That Tax Debt By A Third: How To Cancel Penalty And Interest Assessments, Amended Code Section 274 and Section 199A Deduction. So that you must establish that you had a “reasonable cause” for your actions and that you acted in “good faith.” Let us examine both of these concepts in detail.

IRS pronouncements, and judicial decisions issued during the past 6 to 18 months. You will learn techniques and tax planning ideas on reducing taxes through effective planning and receive the most current updates on key tax issues affecting their clients.

Topic Include: 

• In-depth analysis of the Tax Cuts & Jobs Act, including key provisions affecting both individual and business taxpayers
• Understand the amendment to code Section 274(a)(1)
• What the Tax Cuts and Jobs Act did, and did NOT do to meals and entertainment expenses
• The difference between “meals” and “entertainment” under the law
• New Code Sec. 199A - qualified business income - maximizing the deduction        
• Listed transactions and syndicated conservation easement guidance
• Tax planning strategies for individuals and businesses
• S corporation shareholder's basis - bona fide indebtedness and load guarantees        
• Tax developments affecting business entities including C corporations, S corporations, Partnerships, and LLCs
• Tax developments impacting individual taxpayers

E- Book 1:  Cut That Tax Debt by a Third: How to Cancel Penalty and Interest Assessments  

This e-book  will provide an overview of the following:  

• The IRS’s Penalty Policy and Philosophy
• The Key to Canceling Penalties— “Reasonable Cause” and “Good Faith”
• What is “Reasonable Cause”?
• What is “Good Faith”?
• The “First Time” Failure
• What are the Common Penalties You Face?
• The Triple Threat of Employment Tax Penalties
• How to Handle the Failure to Pay Employment Tax Penalties
• Failure to File Information Returns
• Filing Information Returns in Electronic Format
• What You Need to Know About the Civil Fraud Penalty
• And much more………..

E-Book 2: Amended Code Section 274: Meals and Entertainment Deductions

• This e-book  will provide an overview of the following:  
• Understand the amendment to code Section 274(a)(1)
• What the Tax Cuts and Jobs Act did, and did NOT do to meals and entertainment expenses
• The difference between “meals” and “entertainment” under the law
• How to keep proper records of meals
• How to reconstruct lost records or incomplete records
• Analysis of §274 in light of the Tax Cuts and Jobs Act
• Legal authority for deduction of meals apart from §274
• Records requirements under §274(d)
• Do Meals Always Constitute Entertainment?
• And much more…..

E-Book 3: Section 199A Deduction: How To Maximize Benefits

• This e-book  will provide an overview of the following:  
• Ways to maximize your clients’ Section 199A deduction
• Know how to properly calculate the  199A or pass-through deductions
• What is a Qualified Business Income (QBI)
• Major updates to the tax code
• Insights on income thresholds and eligibility
• W2 wages and investment limits
• And much more…..