For W-2 employees with substantial income, navigating the financial landscape becomes strategic. Understanding the nuances of Backdoor Roth IRAs can be a game-changer in optimizing wealth-building opportunities. Let...

So I’ve been reading the new advanced tax strategies book and according to the book, because I am a 1099 realtor, I can use the pass through deduction to take off 20% of my taxable income. But according to the first t...

It is pretty amazing to me how much money can be stuffed away in tax-advantaged accounts if you structure things properly and avoid controlled group issues.  What is becoming increasingly clear to me is that the contr...

My tax adviser is telling me I need to set up an SEP Retirement plan to lessen my tax burden this year. I am primarily trying to shelter profit from a flip. I am a W2 wager earner and have rental income as well. I do ...

I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips.  However, I've heard that you only need to pay high SE taxes up to $130k.  If my W2 Salary is $130k+, then my ...

Hello everyone, I hope you all are doing well and starting off the 2022 year right. I wanted to start a line of communication for this specific investor category. Specifically, for high income earners (1099/W2) who ha...

I have a friend with an old LLC that he uses for his main business but would like to purchase rental property. His main business is a 7 figure earner so I'm thinking he should definitely separate the two entities. Whi...

Curious on what investments people have out there. I'm heavily involved in index fund investing in like 401k and Roth IRA. Is real estate your favorite type of investing? Why or why not? Why would you prefer it agains...

Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...

Hi! My husband and I are high earners from our day jobs this year and will have a very high tax bill.  I am wondering if buying a property and renting it will help to offset or federal income tax that we will owe at t...