A lot of the IRS tax code was overhauled at the beginning of 2018, and that’s where BollitProof comes in. Founder and Tax Architect Randall Scott Boll has perfected bringing the best strategies to our members through videos, articles, podcasts, social media and the like. If you’re an entrepreneur searching to improve your knowledge base,Continue reading Randy Boll’s All-Time TOP 3 TAX TIPS For Entrepreneurs
How do we ultimately win the game and legally pay the least amount of taxes to the IRS? According to BollitProof’s founder, Randall Boll, it’s all about your deductions. “We all know that if the IRS has an opportunity to find a crack, they will open it up into a canyon,” says Randall Boll, “andContinue reading The Entertainment Deduction Is Dead But There Is A Silver Lining!
Did you know that if you took the IRS Tax Code, printed it out, and stacked it up, it would be the equivalent of 45 King James Bibles high? The actual code is only about 2,600 pages, but according to world-renowned tax expert Randall Scott Boll, there are another 70,000 pages of explanations of correspondingContinue reading How The IRS Wins Against You?
Many people turn away from deducting a home office because they fear it’s a “red flag” for the IRS. However, as long as you follow good business practices and BollitProof’s innovative tax strategies, you can rest assured that you’re getting the most out of your home workspace without being subjected to any additional scrutiny. AContinue reading Getting The Most Out Of Your Home Office At Tax Time
So, you work for yourself, but the IRS doesn’t tax you as a business owner. You are self-employed and taxed as such. Did you realize there are huge tax advantages to owning your business? “Just by forming an LLC (A Limited Liability Company) and filing as an S-Corporation” says leading tax expert Randall Boll, “theContinue reading Are you being taxed like a business owner?
As you read this, it’s likely that your lawmakers are working on the next Payroll Protection Program (PPP) package. Hopefully, in this next package they will include a provision allowing you to deduct business expenses you pay with your PPP money. Let me explain – in the CARES Act, Congress said: For purposes of theContinue reading Raise Hell PPP Loan
I’m going to paint a picture for you. You’re meeting with an attorney who turned over a trust document to you and you’re overwhelmed. You’re met with all these big legal words that make zero sense to you. I’m talking words like “grantor,” “non-grantor,” “irrevocable”… Seeing all these confusing terms, well, that can be aContinue reading Three Types of Trusts