If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?

HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...

Hi Bigger Pockets Members,I am new to investing. I have been doing a lot of reading on the Bigger Pockets forums. However, I have realize that there is really no close events in my area to connect face to face. I did ...

I got these from our tax prep guy.....

Crazy Tax Deductions that the IRS Allowed:

1. Parents put their child in clarinet lessons and argued that it would correct the child’s overbite. The IRS agreed and allowed them...

I have 40 acres of vacant land in California City CA. Zoned A1MH agriculture and mobile home. It does not have water but I contacted the city and they said I can get a permit to have a well dug. Any suggestions on how...

-- Can you be gifted money for a downpayment in an FHA?

-- Can a friend gift me the money or only family?

I am interested in potentially starting a benefit corporation but am unsure if it really makes sense to incorporate that way in this industry.  I found a thread from about 8 years ago on the forums discussing benefit ...

Hi BP community, newbie house-hacker here. I have a question for short-term rental owners in the Portland area. I'm interested in a single-family home with ADU that already has verified, excellent short-term rental in...

I need some perspective. I started work with a handywoman to renovate my apartment. I worked with her before on a small job that turned out fine, no issues. For the apartment renovation she had me sign a "contract". I...

The following is a quote about a book called The Psychology of Money, by Morgan Housel. I was enticed by this story and would like to buy the book. "Let me tell you the story of two investors, neither of whom knew eac...