5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season
Do you feel that you pay too much in tax? You’re not alone. The General Accounting Office estimates that Americans over-pay their taxes by almost
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Recent blogs
How Can Income Shifting Help Lower Your Taxes?
If step one in the tax planning process is formulating a tax strategy, step two is often overlooked but equally important: creating an implementation plan.
Creating a New Business Entity Could Lower Your Taxes… But How Do You Do That?
When you work with a tax planner to create a proactive tax strategy, deciding on your strategy is just the beginning of the journey. Even
Without Proactive Tax Planning, How Much Money Will You Miss Out On?
When is the best time to begin thinking about next year’s tax return? Today! Instead, by working with a Certified Tax Planner, they take their
If a Tax Plan Has No One to Implement it, How Can it Save Money?
As tax filing season comes to a close, taxpayers may be breathing a sigh of relief—or a sigh of agony depending on the size of
Making Money from Rental Properties: Tax Planning for Your Real Estate Investments
Once you take the step of converting a residence to a rental property, the tax planning process is far from over! Wise investors also need
Turning Your Residence into Rental Property: Tax Planning for Your Real Estate Investments
Real estate is an attractive investment opportunity, but investors need to be prepared for potential taxes to truly maximize their profits. The way you are
How Does the Pass-Through Entity Tax Work?
One of the most controversial measures from the Tax Cuts and Jobs Acts (TCJA) of 2018 was the new limitation on state and local tax
Hitting the Limit on State and Local Tax Deductions? Consider These Three Workarounds
Among its many changes, the Tax Cuts and Jobs Act of 2018 introduced a new limitation on state and local tax (SALT) deductions. The new
The Four Types of 1031 Real Property Exchanges: How to Make This Tax Deferral Strategy Work for You
Real estate can be a profitable investment, but once the investor is ready to sell, they also have to be ready to take a hit
Parting Ways on Property Investments: How Partnerships Can Leverage the 1031 Exchange
In our last blog, we discussed the benefits of the 1031 exchange. This IRS rule allows property owners to delay paying capital gains taxes if
