Tips on saving for income taxes

[Massimo Salerno]

Hi all! Looking for tax tips.. I have a registered company in Missouri ( Mostly do Flips and have 1 rental), up to now we have only done 1 flip per year and about 9000 a yr on rental income.  I think we pay too much i tax ( less last year because of the changes), however we are Canadian, and we have to declare what we make in The usa as well and of course have to pay taxes here as well. Wondering if anyone has any tips to save on paying so much tax...

Thanks!

[Lance Lvovsky]

Work with a CPA/tax advisor as there are ways to offset tax in one country with tax paid in another, and you may be eligible for certain tax credits. Canadians want to make sure they are utilizing the proper legal entity vehicle for investing in the US.