Critical Review Areas that IRS Target for Audits
Friday, March 08
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...
Keep More of Your Money this Tax Season
Friday, March 01
The Difference Between Tax Preparation and Tax PlanningTax preparation for the March 15th or April 15th return is not considered advance tax planning. It is merely tax compliance as opposed to voluntary tax reduction planning. Though returns aren't due until April, they cover a tax year that ends...
How To Build Your own Power Team
Thursday, January 24
Successful real estate investors and business owners have one thing in common: they always have a team of experts at their disposal.Creating a 'power team' is vital to your wealth building strategy, and you will certainly be lost without experts to advise and guide you on your entrepreneurial jou...
The Importance of Entity Structures and Recordkeeping
Friday, January 18
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 wealth...
Year End Tax Tips for Business Owners
Friday, December 07
There are only a few weeks left until the new year so here are 9 ways you can continue to protect your wealth from Uncle Sam.Tax planning does not have to be as dreadful as some people will have you believe if you know how to plan and what to consider when planning for your taxes. This is probabl...
Year End Tax Planning That Could Save You a Lot of Money
Friday, November 30
It's that time of the year! Year-End Tax Planning is very important, especially for real estate investors. A lot has happened this year in the real estate market and the general economy. It impacts the portfolio of many Real Estate Investors in many ways. Not just value of the holding in our hand...