The new year is approaching, and some of the best year-end tax strategies require action well before December 31. Whether you own rental properties, trade stocks, or operate a business, the decisions you make now could determine how much of...
The new year is approaching, and some of the best year-end tax strategies require action well before December 31. Whether you own rental properties, trade stocks, or operate a business, the decisions you make now could determine how much of...
You formed an LLC, opened a business bank account, and transferred your rental property into it. Now your investment is protected from lawsuits, right? Not necessarily. What happens if you get sued personally? Maybe you're involved in a car accident,...
If you own rental properties, you've probably thought about what would happen if a tenant sued you. But real estate asset protection goes beyond preparing for a lawsuit. Start by looking at how you own your properties, how much of...
Most homeowners, investors, and landlords treat their property tax bill like any other bill. The county sends it, you open it, get irritated, and pay it. But what if you're paying more than you have to? Depending on where the...
Most business owners know about tax deductions. But there’s a tax credit hiding inside a retirement strategy that many business owners may be overlooking. It’s called the eligible automatic contribution arrangement, or EACA, tax credit. If you have an eligible...
Most small business owners know they have to pay income taxes. The taxes that cause the biggest problems, however, are often the ones they never planned for. I’ve seen successful business owners reinvest nearly every dollar back into their companies,...
You bought a rental property for $200,000. Today, it’s worth $600,000. On paper, that’s a great investment. But turning that appreciation into cash can come with a price. Once you factor in capital gains tax on rental property, depreciation recapture,...
If you’re an investor or business owner, you’ve probably spent years thinking about which assets to buy, how to grow them, and how to reduce your taxes. But have you thought about what happens when your family members inherit them?...
Most people think forming an LLC automatically gives them privacy. It doesn't. You can go online, file a real estate LLC, pay the state fee, and still leave your name, home address, or connection to the company sitting in a...
Most real estate investors don't realize how much information they're giving away simply by owning property in their personal name. Your name on a deed creates a public record that can make it easier for someone to identify you as...
Wealthy families have long used family holding companies to protect their assets, reduce liability, and create an organized plan for passing wealth from one generation to the next. But you don't need a nine-figure net worth or a private family...
Most homeowners assume that if they own a house with a spouse, child, or another family member, the surviving owner automatically inherits the property without going through probate. Unfortunately, that's not always true. In many cases, the outcome depends on...
