Generating Cash For Real Estate - Self Directed IRA
Friday, September 06
Self Directed IRAs Investing IRA funds in real estate used to be quite complicated, time-consuming, and expensive. Deals had to be administered by IRA custodians every step of the way, complicating the process, and fees had to be paid to the custodian every time the IRA made a move. Although, ...
IRS Audit Prevention Tips
Friday, April 05
There are many ways to reduce your chances of being audited by the IRS. As we've discussed in previous articles, the IRS has red flags for certain industries and tax filing behavior. Unfortunately, real estate investors and business owners stand a far greater chance of being audited than their s...
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...