435Total Strategies
12Categories
5Blacklisted
Augusta Rule
IRC §280A(g)
Deduction
Rent your home to your business for up to 14 days per year tax-free. No income reported, full deduction for business.
$5K – $15K/yr
Cost Segregation
IRC §168
Deduction
Accelerate depreciation on commercial real estate by reclassifying building components into shorter-lived assets.
$50K – $500K+
S-Corp Election
IRC §1361-1379
Entity
Elect S-Corp status to split income between salary (subject to FICA) and distributions (no FICA).
$15K – $60K/yr
Defined Benefit Plan
IRC §401(a)
Retirement
Maximize retirement contributions with a pension-style plan. Deduct up to $265,000/year for highly compensated owners.
$50K – $100K/yr
Hiring Children
IRC §3121(b)(3)
Income Shift
Employ children under 18 in the family business. Their wages are deductible and not subject to FICA.
$3K – $12K/yr
QSBS Exclusion
IRC §1202
Income Excl.
Exclude up to $10M or 10x basis in gains from Qualified Small Business Stock held 5+ years.
$100K – $10M+