Four Ways to Turn Suspended Losses into Real Tax Savings To get my complete article with all the details… If you've owned rental property for years, you may have tax deductions waiting to be claimed. The challenge is knowing how—and when—to unlock them. Here are three reasons to read this article: Learn More: Four Tactics That Turn Suspended Passive Losses … [Read more...]
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Can Your Classic Car Deliver a Tax Deduction?
Can Your Classic Car Deliver a Tax Deduction? To get my complete article with all the details… Can a classic or antique car qualify for the same business tax deductions as a new vehicle? The answer may surprise you. Here are three reasons to read this article: Learn How the Rules Apply: Tax Deduction for Classic or Antique Cars Used in Business … [Read more...]
From S Corp to QSBC: Worth the Move?
From S Corp to QSBC:Worth the Move? To get my complete article with all the details… A question came up recently that I’ve heard more than once: “Can I turn my S corporation into something that gives me a better tax result when I sell?” The short answer is yes… but not in the way most expect. And with the latest law changes, the opportunity is more compelling … [Read more...]
Inherited HSA? The entire balance is taxable income — this year
“Inherited HSA? The Entire Balanceis Taxable Income — This Year" To get my complete article with all the details… Your client has been doing everything right with their HSA. Maximum contributions every year. No withdrawals. Letting it grow like a super IRA. Now they're seriously ill. Their adult child is the beneficiary. And nobody has told them what happens … [Read more...]
The Tax Strategy Behind Every Big Real Estate Portfolio
“Why Serious Landlords Relyon the 1031 Exchange” To get my complete article with all the details… Sell a rental property. Pay no federal taxes. Reinvest everything. Trade up. Repeat until you've built a portfolio worth millions. That's how serious landlords grow—and the 1031 exchange makes it possible. But execution matters. There are strict deadlines. Two … [Read more...]