This article explains how to get the IRS to owe you money.
Of course, the IRS likely won’t cut you a check for this money—though, under the right circumstances, it will. But in most cases, you’ll realize the cash by paying less in taxes.
This article gives you six powerful business tax deduction strategies you can understand and implement before the end of 2026.
1. Prepay Expenses Using the IRS Safe Harbor
Thank the IRS for its tax deduction safe harbors.
IRS regulations include a safe-harbor rule that lets cash-basis taxpayers prepay and deduct qualifying expenses up to 12 months in advance without IRS challenge, adjustment, or change.
Under this safe harbor, your 2026 prepayments cannot go into 2028. This makes sense because you can prepay only 12 months of qualifying expenses under ... Log in to view full article.
