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19 February 2025 | 1 reply
If they gift it to you it's tax-free (as long as they're under the lifetime gift limit around 14 million) they may have to file a gift return though, but there won't be tax due.
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17 February 2025 | 12 replies
If your IRA receives an equity portion of profits from the business, it will likely have tax liability via UBIT that would be detrimental.Owning income producing real estate or interest from lending are passive activities not subject to UBIT.
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11 February 2025 | 6 replies
Your father-in-law will want to minimize his tax liability on the capital gain and think about how the sale fits into his estate planning strategy.
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6 February 2025 | 3 replies
The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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4 February 2025 | 8 replies
From a liability perspective I am anti-glass tops ever since, there way too many other options.
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19 February 2025 | 1 reply
Once you go to 7 beds or more there are much stricter facility requirements, including but not limited to, fire suppression systems, added points of egress, Individual Response System, and much stricter staffing ratios.
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3 February 2025 | 4 replies
I would for NOT do tree houses for liability reasons.
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30 January 2025 | 6 replies
To reduce FICA liability, consider maximizing profit-sharing contributions instead of excessive salary deferrals.
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21 February 2025 | 6 replies
Number one, if you want this in city limits, zoning will probably flat out refuse it.
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22 February 2025 | 7 replies
That’s when working with a CPA isn’t just about "getting it right"—it’s about proactively reducing your tax liability and setting yourself up for long-term financial success.TurboTax and basic tax preparers like H&R Block handle what's in front of them.