Real Estate Asset Protection – Capital Gains

Real Estate Asset Protection – Capital Gains

In the United States, the typical long-term rate for capital gains tax is 28.6%, when you merge local, state, and finally federal taxes together. That rate is higher than many countries within the Organisation of Economic Co-operation and Development (OECD), of which the U.S. is also a member. Californians alone pay the third-highest marginal tax…

Asset Protection for Car Accident Liability

Asset Protection for Car Accident Liability

For most taxpayers, car accidents are likely your greatest potential source of legal liability. Whether caused by yourself, your spouse, or your child, car accidents can unleash a wave of lawsuits that, if left unchecked, can jeopardize everything you have financially built for yourself and family. There are plenty of easy and cheap asset protection…

Solopreneur’s Best Choice S-Corporation or Sole Proprietorship?

Solopreneur’s Best Choice S-Corporation or Sole Proprietorship?

When starting a solopreneur business, one of the most important things to consider is the kind of business structure to use. For example, should a solopreneur choose a S-Corporation, or would they be better off with a sole proprietorship? To help solopreneurs decide, they need to look at the biggest factors that should weigh on their decision.

The Alimony Gap

The Alimony Gap

Recently, the Treasury Inspector General reported that for approximately half of all returns filed on which an alimony deduction was claimed, there were significant discrepancies in reporting the corresponding amount of taxable alimony received.