Keep More of Your Money this Tax Season
Friday, March 02
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...
The Importance of Entity Structures and Recordkeeping
Friday, January 19
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...
Financial Planning That Could Save You a Fortune.
Friday, January 05
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...
Why It's Important to do Year End Tax Planning
Friday, December 01
Once December 31st has come and gone, your tax liability for the tax year will be set in stone.Until then, and especially now that your final tax picture for the year is becoming more clear, year-end tax planning presents a unique last chance to lower your tax bill. This frees up more money for y...
Year End Tax Tips for Real Estate Investors
Friday, November 17
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 t...
Year End Tax Tips to Save You Money
Friday, November 10
Individuals & Self-EmployedPlain 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 ...