If someone told you that you need an LLC before you can deduct business expenses, they got it wrong. I hear this myth from business owners all the time. They spend money forming an LLC expecting bigger write-offs, only to...
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...
An LLC can be perfectly formed, properly structured, and still fail you when a creditor comes knocking. The problem often isn't the LLC. It's the evidence you create after you form it. Every contract you sign. Every dollar you move....
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 formed the LLC. You created the living trust. You may think you've finished your estate plan. But did you ever transfer your LLC interest into the trust? I see real estate investors make this mistake far too often. They...
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,...
Cost segregation is one of the most powerful tax strategies for real estate investors. But for some properties, it may not be the benefit you think it is. I’ve talked plenty about how cost segregation can save real estate investors...
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?...
You can have a living trust, name your beneficiaries, and carefully plan what happens to your property when you're gone. But what happens if your family can't unlock your crypto wallet? Or they know you owned Bitcoin but have no...
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...
Probate is slow, expensive, and public. So it makes sense that people want to avoid it. But some of the easiest ways to avoid probate can create a much bigger problem. Add your child to a deed? Their life events,...
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...
You run the tenant background checks. You verify income. You run credit checks for potential tenants. Two qualified applicants make the cut, so you choose the one with the stronger credit score. Three weeks later, you hear from the applicant...
