Wait, what is the augusta rule for taxes exactly?
If you've been hanging around small business owners or real estate enthusiasts lately, you've probably heard someone mention the phrase "what is the augusta rule for taxes" while trying to figure out how to keep a little more of their profit away from the IRS. It sounds like one of those "too good to be true" tax loopholes that you only hear about in dark corners of the internet, but it's actually a totally legitimate part of the tax code. Officially known as Section 280A(g), this rule is one of the few ways you can put money in your pocket without the government taking a slice. ...