"Own Raw Land?Don't Miss the Tax Deductions" To get my complete articlewith all the details… Do you own raw land or are you thinking about investing in raw land? Smart move - but are you aware of the tax implications? Our latest article reveals: The surprising property tax advantage raw land has over your home How to maximize interest deductions (hint: it's … [Read more...]
Tax Planning
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Turn Your Unused Timeshare into a Tax Deduction (and Employee Perk!)
"Turn Your Unused Timeshare into aTax Deduction (and Employee Perk!)" To get my complete articlewith all the details… Got a timeshare collecting dust? Learn how to: Transform it into a valuable business asset Secure hefty tax deductions Boost employee morale without breaking the bank Discover two clever strategies to make your timeshare work for your … [Read more...]
How To Shut Down Your S Corporation
“How To Shut DownYour S Corporation” To get my complete articlewith all the details… “Parting is such sweet sorrow” said Juliet to Romeo. Well, shutting down your S corporation can also be sweet or sorrow. It all depends on how you face federal income-tax issues for both the corporation and its shareholders. There are basically two ways you can go (and I am … [Read more...]
Shutting Down a Sole Proprietorship
“Shutting Downa Sole Proprietorship” To get my complete articlewith all the details… Want to shut down your sole proprietorship or a single-member LLC taxed as a sole proprietorship? Be aware. There are a host of tax rules to consider. That’s because the tax code stipulates that you are not selling the business, but instead are selling the assets of the … [Read more...]
When Cost Segregation Can Be a Great Strategy
“When Cost Segregation CanBe a Great Strategy” To get my complete articlewith all the details… One of the greatest tax benefits of owning residential rental property, non-residential commercial, or investment property is...depreciation. Depreciation is a deduction you getwithout spending any additional money! Unfortunately, regular depreciation for real property … [Read more...]