US household real estate assets vs. corporate equities & mutual funds
Thursday, July 10
Real estate investors LOVE equity… but are you paying attention to liquidity? This chart shows something wild: for the first time in history, U.S. household wealth in real estate just eclipsed stocks and mutual funds. But here's the kicker…Real estate wins in appreciation. But it loses in tax eff...
Tax Planning with Mutual Funds
Tuesday, August 03
Tax Planning with Mutual Funds Ten ideas to maximize the benefits of your investments Mutual funds benefit from the long-standing belief that they allow investors to diversify their holdings without buying individual stocks. But to the unwary investor, tax surprises are abound. From a tax plannin...
Understanding Tax Terms: Installment Sales
Monday, July 26
Understanding Tax Terms: Installment Sales If you use an installment sale to help sell property, you can benefit from tax deferral and possibly lower your overall tax bill. But you need to watch out for certain tax traps if you do. Installment sale defined Generally, you create an installment sa...
Time for a Checkup! Are you withholding enough for your taxes?
Friday, July 16
Time for a Checkup Are you withholding enough for your taxes? As we enter mid-year, it's a good time to check your tax withholdings to ensure you haven't been paying too much or too little. This is especially true if your income was impacted by the pandemic or you have a change to your ma...
Good Debt Versus Bad Debt - How to tell the difference?
Monday, July 12
Good Debt Versus Bad Debt - How to tell the difference? Not all debt is created equal. Knowing the difference can change the way you look at your spending. Good debt adds value Good debt often leads to financial growth, because the product or service being purchased adds more value than the deb...
Small Business IRS Audit Mistakes
Saturday, July 10
Small Business IRS Audit Mistakes In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam. Mistake: Missing income.A long history of investigating has led IRS auditors to focu...