The law requires trades and businesses report cash payments of more than $10,000 to the federal government by filing IRS/FinCEN Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business PDF. SCHEDULE A TAX CONSULT THRIVETAX.net

BENEFICIAL OWNERSHIP INFORMATION REPORT What is the purpose of BOIR filing? The main purpose of the BOIR is to help combat financial crime: FinCEN also offers system-to-system BOIR transmission. boiefiling.fincen.gov/fileboir Do not skip filing - Fines are $500 a day, up to $10000.

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Hire your Kids or family member

However, you can hire your child to work in your homebased business, you can pay your child a reasonable wage. Your child can then pay for his/her own expenses. The first $14,600 of income is tax free to your child. ThriveTax.net #pretaxanalysis2024

According to Forbes.com, 93% Of Small Businesses Overpay their taxes by at least $10,000. Only 7% have been shown how to lower their taxes to the absolute minimum… Contact ThriveTax.net to Schedule a Pretax Analysis #pretaxanalysis2024

Basic Tax Tips - Claim All Deductions: Take advantage of deductions available to self-employed individuals, such as the home office deduction, vehicle expenses, and business-related travel. Sign up for a PreTax Analysis with www. THRIVETAX.net #pretaxanalysis2024

What is IRS Publication 587? This publication explains how to figure and claim the deduction for business use of your home. It includes special rules for daycare providers. supplies. ThriveTax.net #pretaxanalysis2023

NOW that school proms and trips are over. Let's not overlook this possible tax deduction - by hiring your child to work in your homebased business, you can pay your child a reasonable wage, and your child can then pay for his/her own expenses. ThriveTax.net

IRA contributions 2024 up to $7000 over 50 $8000 Solo 401(k) contribute up to $69,000, over 50 $76,500

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An extension of time to file your return does not grant you any extension of time to pay your taxes. You should estimate and pay any owed taxes by your regular deadline to help avoid possible penalties. ThriveTax.net #pretaxanalysis2024

Problem: Making over $100,000 and you overpaying in taxes? Solution: T.H.R.I.V.E. Tax, Inc. Schedule your pre-tax analysis today. THRIVETAX.net

According to Forbes.com, 93% Of Small Businesses Overpay their taxes by at least $10,000. Only 7% have been shown how to lower their taxes to the absolute minimum… Contact ThriveTax.net to Schedule a Pretax Analysis #pretaxanalysis2024

What is the next step? Schedule a PreTax Analysis. ThriveTax.net Please speak to your tax preparer for more information. #pretaxanalysis2024 #taxplanning #taxtips #taxpreparer #taxdeductible #taxes #taxseason #taxreturn #taxrefund #taxtime

According to Nationwide, deciding whether to classify your company as either a C Corporation, S Corporation, Limited Liability Partnership, Limited Liability Company, Single Member LLC or Sole Proprietor will have a different effect on your taxes. ThriveTax.net

Are You Ready to T.H.R.I.V.E. in Your Taxes? Be ready for TY 2023 Now! Consult with your tax preparer to learn more. #pretaxanalysis2023 #taxplanning #taxtips #taxpreparer #taxdeductible #taxes #taxseason #taxreturn

After working hard all year only to owe the IRS is no joke—you don't get any medals for it! Schedule your PreTax analysis today and make sure you're winning in 2024. THRIVETAX.NET #TaxPlanning #FinancialSuccess #GetMOREMONEYBacki2024