5 April 2017 | 3 replies
There does not appear to be a trade or business component that would be subject to Unrelated Business Taxable Income.Your numbers in paragraph 1 are not correct and represent an oversimplification. 70% of your IRA's fraction of the gross income will be taxable, then reduced by 70% of the allowable deductions.

21 April 2017 | 7 replies
I heard about the benefits of compound interests and lower taxable income.

25 April 2017 | 12 replies
You're creating taxable income for yourself for no reason.

26 November 2018 | 20 replies
The Tax Cuts & Jobs Act (TCJA) changed the game.If you are "phased into the limitation" regarding the 20% QBI Deduction, and reducing taxable income below the "threshold amount" isn't an option, an S election's ability to page out wages to owner-employees makes S Corps even more compelling to make sure you're maximizing your QBI Deduction.Best to have a meeting with your tax CPA/EA before year end and make sure you're still on the right track!

30 April 2017 | 5 replies
Will give owner's name and taxable address (good for getting ahold of absentee owners).

8 May 2017 | 32 replies
Liquidating the stock on the front end to pay for a property would be a taxable event and quite costly.

4 June 2017 | 5 replies
If you sell it upfront in a fully taxable transaction the gain recognized should constitute taxable income to you in the year of sale.

2 July 2017 | 3 replies
Employer profit sharing / matching contributions can be converted into Roth by including them in taxable income in the year converted.4.

2 July 2018 | 338 replies
You could argue your net taxable income is lower, but that is because of lower cash flow, not higher depreciation.

25 August 2017 | 15 replies
I highly doubt that you are going to fall in that 0% bracket because your taxable capital gains plus your other source of income (May be W2) is going to be well over the threshold of 0%.