Aug 31 How to Defer Taxes on Capital Gains
This post covers how you can defer taxes on capital gains by receiving installment payments....
Aug 19 Ten Tips for Choosing a Reliable Payment Processor
Most retail and many service-based business accept payment via credit card. This practice is becoming even more common as business competition heats up and credit card processing fees become more competitive. Choosing a payment processor is perhaps the most difficult task in any businesses...
Aug 17 Beware of Phantom Income
The goal of any real estate investor is to ultimately turn a profit. For landlords, the figures reported on their tax returns might be totally different than monthly cash flow. If cash flow is higher than the income amounts reported on the tax returns, that...
Aug 15 Treasury Proposes New Tax Regulations to Limit Discounts in Intra-Family Wealth Transfers
Recently, the Treasury issued proposed regulations which, if adopted, would severely limit taxpayers’ ability to receive tax benefits for wealth transfers to family limited partnerships. This post discusses why you should act now if you have a federally taxable estate and are considering wealth transfers....
Aug 05 Prince Died Without a Will – Why Estate Taxes Get Complicated
Shortly after Prince’s death, rumors surfaced that he died without a will. In fact, every now and then we hear of a famous celebrity with a significant estate, who died without a will. So what does that exactly mean for the family of the dearly...
Nov 22 Rental Income: There’s More to It than Just Collecting Rent Checks
As an owner of real estate do you know what constitutes rent? It may be more or less than you think! Here's what you need to know about the different types of rental arrangements....
Aug 01 Family Limited Partnership May Result in Significant Estate Tax Reduction
Although not as popular as they once were, family limited partnerships remain an effective tool in reducing federal estate and gift taxes. In the Estate of Natale B. Giustina v. Commissioner, T.C. Memo. 2016-114, assets having a fair market value of $150,680,000 were valued...