Many business owners out there want to take advantage of the Augusta Rule (Section 280a) to reduce their tax liabilities. Unfortunately, many are also doing so incorrectly. A recent IRS case shares some insights on how to use this strategy safely and effectively. This video covers the court case and the three primary ways you can get into trouble with the Augusta Rule.
00:00 Introduction
00:16 What is the Augusta Rule?
00:55 Origin of the Rule
02:18 Sinopoli vs Commissioner
03:15 3 Ways to Go Wrong
07:06 Final Thoughts