There are a lot of bad tax myths circulating on the Internet. They don’t have any basis in the tax code, but people repeat them often enough that they take on a life of their own.

That’s one of two reasons we at the Tax Reduction Letter include citations in our articles—we give you proof so that you can verify everything you read. (The second reason is that we write the tax strategies in plain English for the business owner but annotate for the tax professional. And we ... Log in to view full article.