Critical Review Areas that IRS Target for Audits
Friday, March 01
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 pe...
Keep More of your Money this Tax Season
Friday, February 15
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 end...
Build Your Wealth Team
Friday, January 18
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 j...
TAXMAGEDDON PART 2
Tuesday, November 27
Here is a continuation of my article on TAXMAGEDDON and how it will affect all Americans in 2013. The Alternative Minimum Tax and Employer Tax HikesWhen Americans prepare to file their tax returns during the 2013 tax season (January through April), they'll be in for a nasty surprise—the AMT won't...
TAXMAGEDDON PART 1
Tuesday, November 27
Now the election is over it is clear that everyone who works will be hit with a huge tax increase come January 1, 2013. The rich will pay more taxes but so will everyone pay more taxes. Those who are married and have families will see their tax dollars increase because the "marriage penalty" wil...
Generate Cash for Real Estate Deals: Hard Money & Joint Ventures
Friday, September 21
Hard MoneyHard Money is a term you will often hear amongst real estate investors because it is another way to generate cash for real estate deals. Hard money lenders are sometimes the only people willing or able to give you the money you need to get your deals done. Hard money is great for begin...