Tax Proverb #2: Implementation Comes Down to Resources, Timeline, and Goals
Tax planning isn’t just about formulating a tax strategy—it also comes down to knowing in advance how you will implement
Category: Business Strategies
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Tax Proverb #1: Make Implementation Part of Your Tax Plan
An experienced tax planner will tell you that you can put together the best techniques, angles, and methods for creating
Tax Strategies for Real Estate Investing: Maximizing Income from Rental Properties
In a recent blog, we discussed the tax implications of converting a residence to a rental property. Once that rental
Tax Strategies for Real Estate Investing: Converting a Residence to a Rental Property
Real estate is an attractive investment opportunity, but investors need to be prepared for potential taxes to truly maximize their
Sidestepping the SALT Cap with the Pass-Through Entity Tax
The Tax Cuts and Jobs Acts (TCJA) of 2018 stirred up mixed responses by introducing a $10,000 cap on state
Three Workarounds for the Cap on SALT Deductions
When the Tax Cuts and Jobs Act of 2018 introduced a new $10,000 cap on state and local tax (SALT)
Tax Deferral Strategies for Real Estate: The Four Types of 1031 Exchanges
Taxpayers often make the mistake of focusing on the potential payout from an investment without considering how much of that
Tax Deferral Strategies for Real Estate: Using the 1031 Exchange in Partnerships
In a previous blog, we discussed the benefits of the 1031 exchange. This IRS rule allows property owners to defer
Tax Deferral Strategies for Real Estate: Basics of the 1031 Exchange
A common conversation with clients is how to minimize taxes on their investments. When it comes to business or investment
Tax Savings for Accountants with Gambling Clients
American gaming has boomed since sports betting and online gambling were legalized. Complex tax laws for filing and deducting gambling
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