Feb 10 What To Know About Health Care Credits
A premium tax credit is designed to lower the total cost of health insurance plans that are already relatively expensive in the United States....
Sep 24 IRAs to Charity: A Useful Estate Planning Technique
This post explains why you should follow a tax-saving strategy that considers designating your favorite charity or charities as beneficiaries of all or a portion of your IRAs. Then you can leave other assets to family members and other heirs....
Sep 10 What Is Tax-Efficient Investing?
Avoiding taxation should not be the only goal, or even the main goal, of your investment strategy. Still, you always have to keep taxes in mind to make sure you're not unnecessarily sending too much of your money to the government. This post talks about...
Jan 08 Excluding Gain on the Sale of a Principal Residence
One of the most valuable assets a taxpayer will ever sell is their personal residence. Under IRC Section 121 of current tax law, a taxpayer can exclude up to $250,000 ($500,000 if married, filing jointly) of gain realized on the sale or exchange of a...
Nov 20 Special Tax Allowance for Rental Real Estate Activities
If a taxpayer fails to qualify as a real estate professional, losses from rental activities may still be deductible. While real estate professionals are afforded beneficial tax treatment enabling them to deduct losses from their real estate activities, real estate nonprofessionals taxpayers may still benefit....
Oct 25 Wrap-around Mortgages Explained
Learn about wraps and structure better deals. This post explains wrap-around mortgages, which can be used in large commercial loans and in single family real estate investments....
Oct 10 What You Ought to Know about Affordable Housing
The federal government used to build its own public housing. However, the government banned public housing construction in 1968 and began demolishing many of its buildings in the 1990s. While the direct construction went away, the need for new units did not. The Low...
Sep 26 How Your 1031 Exchange Can Benefit from a “Zero” Deal
A 1031 exchange affords significant tax benefits to property owners. When that like kind exchange is done in the form of a zero cash flow purchase, the buyer can access cash from the exchange without triggering gain recognition. Here's what you need to know to...
Sep 13 For Tax Savings, Consider an IC-DISC for Your Exporters
Did you know there is an underutilized tax incentive that can reap federal tax savings for manufacturers? One middle-market manufacturer recently saved approximately $300,000 in current year federal taxes by implementing the IC-DISC tax incentive, which promotes exporting goods manufactured in the United States that...
Aug 15 Income Tax Incentives for Land Conservation
Conservation easements have been receiving increased press and scrutiny from the IRS, which is cracking down on easement donation abuse by tax shelter promoters. These easements are meant to further the public good by encouraging taxpayers to donate property rights to organizations so the property...