Here’s good news for C corporation stock owners… 2015 is the first year that you can sell your C corporation stock completely tax-free under Section 1202 of the tax code. That’s right. If you meet certain requirements, you can permanently escape taxes on the appreciation of your C corporation stock. All you have to do is hold your shares for five years before you sell … [Read more...]
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How to use your rental real estate as a tax shelter
It’s a fact… Your rental properties can do more than generate income. They may also be able to create losses you can use to offset income from your business! Yes. It’s true. Harvesting rental real-estate tax losses is more difficult now than it used to be, but it’s still possible! Your ability to make use of your losses depends on how much time you spend managing your real … [Read more...]
How to save thousands in taxes on your second home
If you own a second home, my new article makes “must” reading. Why? Because a long-forgotten, Tax Court ruling can help you dramatically increase deductions on your second home! By the way, you won’t find any mention of this money-saving strategy in IRS guidance to taxpayers. Unless you study old cases the way we do, you might never know how to save thousands of dollars in … [Read more...]
How to use the IRA “Double-Win” strategy
Are you moving money out of a 401(k) fund? If the answer is “yes,” you may be able to knock thousands, or even tens of thousands of dollars off your tax bill! How? By using a smart roll-forward, roll-backward technique we call the “Double-Win” strategy. In a recent issue of the Tax Reduction Letter we outlined a winning way to slash taxes on your retirement funds by … [Read more...]
How to lower your tax bill when you sell stock winners
Trying to “time” the stock market can be a risky business. But timing the sale and repurchase of stocks in your portfolio, can make excellent tax-planning sense. You see, by strategically timing when you sell and repurchase your stock winners, you can take advantage of the zero-percent tax bracket for capital gains. This strategy can gradually eliminate most or all of your … [Read more...]