{"id":212,"date":"2016-02-10T16:55:09","date_gmt":"2016-02-10T16:55:09","guid":{"rendered":"http:\/\/belbolcpa.com\/blog\/?p=212"},"modified":"2016-02-10T16:55:09","modified_gmt":"2016-02-10T16:55:09","slug":"strange-tax-benefits","status":"publish","type":"post","link":"https:\/\/belbolcpa.com\/blog\/strange-tax-benefits\/","title":{"rendered":"Strange Tax Benefits"},"content":{"rendered":"<p><a href=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2016\/02\/02-10-16-clock-1425684-639x852.jpg\" rel=\"attachment wp-att-213\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-213\" src=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2016\/02\/02-10-16-clock-1425684-639x852-225x300.jpg\" alt=\"02-10-16 clock-1425684-639x852\" width=\"225\" height=\"300\" srcset=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2016\/02\/02-10-16-clock-1425684-639x852-225x300.jpg 225w, https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2016\/02\/02-10-16-clock-1425684-639x852.jpg 639w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/a><\/p>\n<p>The tax laws are written with a purpose in mind, but at times, it may be used (loopholes) to receive unintended benefits.<\/p>\n<ul>\n<li>You may be able to rent out your home or vacation home <a href=\"http:\/\/www.njtaxsolutions.com\/\" target=\"_blank\">tax-free<\/a> if rented for less than two weeks during the year<\/li>\n<li>If you have a home office, you may be able to deduct the cost of building a gym or swimming pool if it is for the benefit of your employees and their dependents (especially if your wife is your employee)<\/li>\n<li>Through your IRA you can own a business and any income will not be subject to taxes. This one can be difficult to implement, and you must follow all the rules exactly.<\/li>\n<li>If your children work for your business you may be able to deduct their wages and they may not have to pay taxes on them either.<\/li>\n<li>Your dog if you are <a href=\"http:\/\/www.njmedicalcpa.com\/\" target=\"_blank\">hearing<\/a> or visually impaired. This includes dog food and training too.<\/li>\n<\/ul>\n<p>There are many strange, creative, and at times aggressive tax strategies that can be employed to help you to save taxes. This is just a list to show that we think outside of the box. If you have any questions, please let us know.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tax laws are written with a purpose in mind, but at times, it may be used (loopholes) to receive unintended benefits. You may be able to rent out your home or vacation home tax-free if rented for less than two weeks during the year If you have a home office, you may be able [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3,7,8,10,11,15,16,18],"tags":[38,126,125,55],"class_list":{"0":"post-212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business","7":"category-expenses","8":"category-financial","9":"category-investments","10":"category-ira","11":"category-new-jersey-tax","12":"category-retirement-2","13":"category-taxes","14":"tag-ira","15":"tag-medical-expenses","16":"tag-rentals","17":"tag-taxes","18":"entry"},"_links":{"self":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=212"}],"version-history":[{"count":1,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/212\/revisions"}],"predecessor-version":[{"id":214,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/212\/revisions\/214"}],"wp:attachment":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}