Thinking about selling your business? Then don’t forget that it may include some extremely valuable “intangible assets.” Intangible assets include customer lists, goodwill, proprietary software, and much more. If you do decide to sell your business, here is what you need to know: Intangibles sold by your sole proprietorship or single-member LLC. If you sell a … [Read more...]
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How to win when you repossess a seller-financed rental
If you ever sell a home and finance the transaction for the buyer, you could certainly come out in great shape. But what happens if the buyer stiffs you and defaults? My advice? Don’t panic! If you know the law, (and we do!) you can reap a substantial windfall of tax-free cash! You’ll find out how when you read my new article titled Tax Tips: Tax Trick When … [Read more...]
Is your Swiss banker ratting you out to the IRS?
Do you have money stashed in a Swiss bank account or some other foreign country? Then be sure to report those assets to the IRS. You see, the famed secrecy of Swiss banks is a thing of the past and they’re ratting out customers to the IRS faster than a Swiss clock yells “Cuckoo!” What’s more, the IRS is cracking down mercilessly on people holding assets offshore who … [Read more...]
Be Alert to Tax Rules That Destroy Mortgage Interest Deductions
If you don’t know how to play the IRS’s game, your mortgage deduction could be at risk. However, if you know your tax law (and we do!), you can mitigate and often eliminate the loss of your deductions. Want to keep the IRS at bay and save a bundle? Read my new article titled Tax Tips: Be Alert to Tax Rules That Destroy Mortgage Interest Deductions. Three ways our … [Read more...]
7 year-end stock-portfolio tax strategies
2015 is coming to an end very soon, which means now is the time to turn your stock-market portfolio into a powerful tax-cutting machine. But don’t wait! If you want to save money (and who doesn’t), don’t miss our information-packed article titled Tax Tips: 2015 Last-Minute Year-End Tax Strategies for Your Stock Portfolio. Five ways our fact-filled article can help … [Read more...]