by Danny Nelson | Jun 5, 2026 | Life Insurance
The IRS limits how much you can pay in premiums into a permanent life insurance policy. Why the cap? These policies deliver meaningful tax advantages, which makes them a legitimate tax shelter. The IRS sets limits to prevent taxpayers from parking unlimited amounts of...
by Danny Nelson | Jun 5, 2026 | What Is
A tax shelter is any legal method, investment, or arrangement that reduces taxable income, eliminates tax liability, or defers taxes to a future period under rules explicitly permitted by the tax code. Tax shelters achieve these results through mechanisms such as...
by Danny Nelson | May 28, 2026 | Did You Know?
Did you know? In the 1920s, the IRS enforced Prohibition laws through its Prohibition Unit before the responsibility shifted to the Department of Justice. FB LI...
by Danny Nelson | May 27, 2026 | Did You Know?
Did you know? Required payroll tax withholding from employee wages began in 1943 with the Current Tax Payment Act, creating the modern “pay-as-you-go” system. FB LI...
by Danny Nelson | May 27, 2026 | Newsletter
Most people choose their tax advisor based on price or convenience – and quietly overpay the IRS for years because of it. A good tax professional can help you keep more of your hard earned money. A great one can help change the trajectory of your entire...
