Critical Review Areas that IRS Target for Audits
Friday, February 28
Approximately 1.5% of all taxpayers are audited every year. Despite this relatively small number, the IRS still causes many people to shake in their boots when contemplating the chance of an audit. The odds are low that you would be picked for an IRS audit because the IRS does not have enough per...
The Importance of Entity Structures and Recordkeeping
Friday, January 31
If you don't plan accordingly for your investing goals and choose the correct entity structure, the taxes will definitely hurt your bottom line in a big way. As a real estate investor, you need to stay updated on which entities are on the IRS hit list. Recordkeeping also plays a big part in wealt...
Financial Planning To Save a Fortune This Year
Friday, January 10
Financial planning requires a system you can follow to be fully prepared for tax time. It's imperative that as real estate investors and business owners, you create an accounting strategy that avoids expensive mistakes, gets the most deductions and plans your wealth building accordingly. Here are...
Year End Tax Tips for Real Estate Investors
Friday, November 22
At this time of year, it's important for real estate investors, landlords, property owners and vacation owners to take advantage of tax saving opportunities. Tax planning should be a priority so you can reap the rewards when tax filing time rolls around. Here are some year end tax strategies to u...
Last Minute Year End Tax Tips
Friday, November 15
There's not much of the year left and many people are scrambling to save whatever they can on their taxes. Yes, it's quite possible to save a ton of money before the year is out and start the new year fresh ready to focus on wealth building, now more than ever is important to attend to your year ...
Year End Tax Tips to Save you Money
Friday, November 08
Individuals & Self-Employed Plain vanilla year-end tax planning strategies suggest that all taxpayers should generally defer income and accelerate expenses in order to reduce current-year taxable income and tax liabilities. But the AMT (Alternative Minimum Tax) is becoming an increasingly big...