Critical Review Areas that IRS Target for Audits
Friday, March 10
Approximately 1.5% of all taxpayers are audited every year. Despite this relatively small number, the IRS still causes many people to shake in their boots when contemplating the chance of an audit. The odds are low that you would be picked for an IRS audit because the IRS does not have enough per...
Top 10 Tax Updates for 2017
Friday, March 03
Top 10 2017 Tax UpdatesA lot has happened this year in the real estate market and the general economy. It impacts the portfolio of many Real Estate Investors - The value of our assets, how we want to invest in coming years, and even our retirement planning.. It also impacts 2016 tax issues that w...
Keep More of Your Money This Tax Season
Friday, February 24
The Difference Between Tax Preparation and Tax PlanningTax preparation for the March 15th or April 15th return is not considered advance tax planning. It is merely tax compliance as opposed to voluntary tax reduction planning. Though returns aren't due until April, they cover a tax year that ends...
How To Build Your Power Team
Friday, January 20
Successful real estate investors and business owners have one thing in common: they always have a team of experts at their disposal. Creating a 'power team' is vital to your wealth building strategy, and you will certainly be lost without experts to advise and guide you on your entrepreneurial jo...
The Importance of Entity Structures and Recordkeeping
Friday, January 13
If you don't plan accordingly for your investing goals and choose the correct entity structure, the taxes will definitely hurt your bottom line in a big way. As a real estate investor you need to stay updated on which entities are on the IRS hit list. Recordkeeping also plays a big part in wealth...
Financial Planning that Could Save you a Fortune
Friday, January 06
Financial planning requires a system you can follow to be fully prepared for tax time. It's imperative that as real estate investors and business owners, you create an accounting strategy that avoids expensive mistakes, gets the most deductions and plans your wealth building accordingly. Here are...