23 November 2015 | 12 replies
Flipping houses regularly in such a plan does incur tax known as UBIT since the tax exempt entity is conducting a business and competing with taxpaying businesses as opposed to just making passive investments.

23 June 2019 | 5 replies
Opportunity Zones can be used to minimize tax payments or even reduce to zero.Opportunity Zones were created under the TCJA to; Allow U.S. investors to defer all 2018 capital gains for eight years if the profits are reinvested and held in an Opportunity ZoneLower the amount of capital gains taxes resulting from the sale of a capital asset by 10% or 15% if the proceeds therefrom are held for five or seven years, respectively, in an Opportunity Zone project.Provide for a full exemption from capital gains taxes on all future capital gains on the invested funds if an investment is held for ten years following investment.

22 November 2015 | 6 replies
Really a guy who works at the tax collectors office told me some mortgage companies use the highest tax payment ( March) for escrow and then pay early ( November) and pocket the difference...

16 February 2016 | 12 replies
Hi @Alex Miles, The majority of investors/taxpayers do not realize that foreign property can qualify under Section 1031, but the exchange has to be between foreign properties.

13 February 2016 | 125 replies
"Free" to a non-profit works because there are no tax consequences for the non-profit, there will be to a tax payer.
18 September 2015 | 6 replies
Loans can be processed from the Solo 401k at 50% of the account balance but cannot exceed $50,000.Also, Roth 401k contributions are allowable regardless of income level, thereby affording taxpayers, who would not otherwise be eligible, to take advantage of the Roth component.

22 September 2015 | 14 replies
The injection of taxpayer capital (ugh, don't get me started) into the riverfront could spur some gentrification to the north there if the initial investors were brave enough.

23 September 2015 | 21 replies
The issue of whether the rental of property is a trade or business of a taxpayer is ultimately one of fact in which the scope of a taxpayer’s activities, either personally or through agents, in connection with the property, are so extensive as to rise to the stature of a trade or business.

21 September 2015 | 0 replies
"This action was about open markets and fairness, not just for Kentucky property owners, but for taxpayers and those who purchase property in all turf states, regardless of where they reside."

1 October 2015 | 19 replies
The reason being it was easier to manage quarterly tax payments and we are still afforded the ability to defer income via a 401K plan we have within the companies.