How Does An Incomplete Contract of Sale Help With Tax Savings?
A dealer is allowed to defer his/her tax obligations if the contract for sale is incomplete. Please note that just because a contract for the
What Is the Difference between Life Insurance And An Annuity?
Did You Know That Life Insurance Proceeds Are Generally Considered As Non-Taxable Income? Annuities provide an income stream during your lifetime so that you won’t
What the IRS’s $80 billion in funding means for your taxes
Nearly $46 billion of the IRS’s extra funding for the next 10 years is earmarked for enforcement or investigating and auditing returns to collect unpaid tax
Did You Know That You Can Deduct Interest On A HELOC Of Up To A $100,000?
Preview: Increase Cash Flows With A HELOC And Do Not Forget To Take The Interest Deduction On It! With a HELOC or also known as
We Made $460k In Gain From Sale Of Our Main Home. How Much Tax Do We Owe?
You can avoid paying capital gains taxes when you sell your primary home. Though there are certain rules that need to be met: It’s a
I Bought An Oven For My Pizza Restaurant. Can I Use The Sec 179 Deduction To Maximize My Tax Incentives?
The Sec 179 depreciation is a tax incentive given by the IRS to encourage businesses to invest in themselves by purchasing new equipment. The Section
The Beauty of Cost Segregation
Its uniqueness comes from the fact that you don’t have to pay for all of the building. The bank will pay for 80% of it.
You Would Need The Following Members On Your Team In Order To Build A Successful Real Estate Business
Real Estate Brokers: Realtors or other agents know the trends; the patterns and they have access to the market information. They can tip you off
Understanding The $25,000 Special Allowance
If you have active income from salaries, wages, business income, you can offset up to $25,000 of your ordinary income from losses in real estate.