Let’s face it. When you have employees working for you, your retirement-plan design strategy can get pretty complicated. You have to decide how to maximize your own benefits and whether or not to provide retirement plans for your employees too. Sounds complicated but don’t lose heart. You do have some really good options. And we’ll outline six of them for you when you read … [Read more...]
The right way to handle a Section 1031 rental exchange
Do you own rental properties? Do you want to grow your rental-property business? Then you need to know the ins and outs of the Section 1031 exchange. Mr. Adams did. That’s why he was able to overcome an IRS objection that his Section 1031 exchange failed because his replacement rental-property fit his son’s family’s needs. We’ll explain the Adams case and show you how to … [Read more...]
How to protect S corporation health-insurance deductibility
Do you operate your business as an S corporation? If you do, you should be aware of a nasty catch-22 rule that the IRS has cooked up: Your S corporation may not deduct the cost of your health insurance as a fringe benefit… AND… if you pay for health insurance personally, you can’t deduct the cost as a self-employed individual! But don’t despair. There is a clever workaround … [Read more...]
How higher tax rates can increase rental property profits
Higher taxes mean lower profits, right? Wrong! Even though the American Taxpayer Relief Act of 2012 (and other tax-law changes) can mean higher taxes on your rental properties, you can still come out smelling like a rose. You see, the new, higher tax rates can actually leave you with more after-tax cash in your pocket. How does this work? We’ll explain this paradox and … [Read more...]
“To buy or to lease? That is the question.”
Hamlet asked, “To be or not to be?” But there’s another important question he should have asked… “To lease or to buy a new car?” The answer to this question is not an easy one. And if you come up with the wrong answer, you could end up paying a lot more than you should and miss out on some big tax savings. That’s why my new article is so important. It lists the ten factors … [Read more...]