To get my complete, FREE articlewith all the details… Do you own appreciated landthat you plan to develop and sell? Then you should create an S corporation right now! Why is this such a good idea? Because you can use your S corporation to lock in favorable capital gains tax treatment which can save you a ton of money! Here’s the tax situation in a … [Read more...]
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Are you a property fixer-up seller or a dealer? The IRS cares!
To get my complete, FREE articlewith all the details… Consider this scenario… • You buy a property• You fix up the property• You sell the property Sounds pretty straightforward doesn’t it? Well, believe me, it’s not! You see, depending on the facts and circumstances relating to your sale, the IRS will determine your tax status. Why does this matter? … [Read more...]
Use “Net Unrealized Appreciation” (NUA) To Cut Taxes
To get my complete, FREE articlewith all the details… NOTE: This new article makes must-reading for…Certain EmployeesAnd…Tax pros with these types of spouses or clients Definition: NUA (Net Unrealized Appreciation) The term NUA refers to the difference between what someone pays for employer’s stock, (the cost basis), and the stock’s appreciated fair market … [Read more...]
Harvest and store your tax losses on Bitcoin and more
To get my complete, FREE articlewith all the details… No one likes to lose money on their investments. However, there is a provision in the tax code that can take away some of the pain. I’m talking about the chance to take advantage of “tax-loss harvesting.” In this article, I’ll explain how tax-loss-harvesting rules affect the selling and repurchasing of … [Read more...]
Why the court denied passive-loss deductions on rentals
To get my complete, FREE articlewith all the details… Do you own rental property that’s losing money? If you do, you’d better understand the IRS’s “passive loss” rules. You see, if you know the rules and follow them, you can maximize your rental profits. If you don’t you’re inviting an IRS audit. Ouch! Are you going to come out apassive-loss winner or a … [Read more...]