Reported 11 days ago
Vivian Tu, a financial influencer, shared a TikTok video about a legal tax strategy for business owners called the Augusta Rule, which allows them to rent their homes for work retreats tax-free for up to 14 days a year. While the advice is accurate, experts caution about the need for fair market value and proper documentation to ensure compliance with IRS regulations. Additionally, the ethical implications of using this tax strategy are discussed, emphasizing the importance of genuine business activities.
Source: YAHOO