When it comes to savings taxes, we can't go elephant hunting, we have to chip away at what's available a little at a time.
Let us share some tax saving tips with you every month:
NOVEMBER - "C" companies can invest for a tax break:
Federal law allows "C" corporations sizable tax savings when they invest in a U.S. company's stock. You can deduct 70 percent of the dividends you receive. Consider investing some corporate cash in common or preferred stocks or a stock mutual fund that generates significant dividend income.