During federally-declared disasters, employer pays employees tax-free reimbursements — no W-2, fully deductible.
IRC §139 lets employers make tax-free payments to employees for reasonable/necessary personal expenses tied to a federally-declared disaster (medical, temporary housing, transportation, funeral, home repair). No cap in statute, no W-2, no FICA. Fully deductible to business. Owner-employees qualify if plan is non-discriminatory. Historically used post-COVID, hurricanes, wildfires, floods — active in most states annually.
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Front-load depreciation on real estate to slash current-year taxes.
Turn W-2 income into tax-free passive rental losses.
Defer capital gains indefinitely by rolling into bigger real estate.
Defer + eliminate capital gains via OZ funds.
Rent your home to your business up to 14 days/year — tax-free.
Deduct 20% of pass-through business income.
Slash self-employment tax on profits above ~$50K.
Expense equipment, vehicles, and property in year one.