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Phone: 818-369-7900
Field Law
Call Us 818-369-7900

Tax Free Income

Small business owner, your vacation home can be rented out at a fair market rental rate for 14 days and pay no income tax. You could also have a legitimate business meeting or planning meeting for your business at your vacation home and pay the fair market rental rate thus creating a business tax deduction and personal tax free income. Documentation and substantiation is critical both in determining the fair market rental rate and conducting the business meeting or planning session.

 

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