Homeownership is part of the American dream. Which is why you may want to help your adult child make that important purchase. But before you pick up your checkbook, consider the tax consequences of helping out. You see, homeownership comes with some giant tax savings if you know how to play the game the right way. We’ll show you how when you read my new article titled … [Read more...]
Rental Properties
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New IRS rule increase likelihood of deducting rental losses
You don’t have to sell real estate for a living to deduct your rental losses. But to deduct your rental losses against your business and investment income, you need to become a tax code “qualified person” often called in tax law a “real estate professional.” You want qualified person status. With this status, your rental properties can qualify as tax shelters. Best of all, … [Read more...]
Tax Code’s Officially Designed “Rent-to-Own Your Home” Program for Investors and Renters
Talk about a win-win for property owners and tenants who want to become owners! The tax code’s rent-to-own program creates a no-hassle rental for the homeowner and a chance for the tenant to gain an ownership interest in the property. Don’t miss this important information! You’ll get all the details when you read my new article titled Tax Tips: Tax Code’s Officially … [Read more...]
How to collect 100% tax-free rental income
It’s a fact… Rental income is just like any other income and you have to pay income tax on it. But there’s a perfectly legal tax loophole that lets you completely exclude certain rental income from taxes! Does this sound good too good to be true? Well, it is true as you’ll discover when you read my new article titled Tax Tips: Learn a Simple Strategy for 100 Percent … [Read more...]
Two big tax breaks for retailers!
Good news! Last December, lawmakers voted to give retailers some much-deserved tax relief. The law they passed allows you to immediately (and/or very quickly) deduct up to the entire cost of certain improvements you make to your property. This can amount to hundreds of thousands of dollars as you’ll learn when you read my new article titled Tax Tips: Two Special Tax … [Read more...]