How Good Bookkeeping Can Save Thousands In Taxes
Standard monthly expenses for your real estate business are transferred from you to your CPA to be put on your Schedule C or Schedule E. No problem. Most people get this part right. It’s the thousands of dollars in miscellaneous receipts that many people forget when...
6 Times Paying Off Your Mortgage Is A Bad Idea
You might consider putting extra money toward your mortgage payment to eliminate your mortgage debt more quickly. However, paying off your mortgage early isn’t always a good idea. Each situation is unique, and no solution is the right choice for everyone. Eliminating...
Tax Tips For Real Estate Investors
Perhaps one shouldn't be surprised that new real estate investors repeatedly fall into the same tax traps. Real estate burdens investors, especially new investors, with tricky tax accounting. But just because some other newbie makes these mistakes, that doesn't mean...
Negotiating With The IRS
Few things threaten your well-being, like the harassment and anxiety of persistent tax problems. Most people make three mistakes that get them in trouble with the IRS. They procrastinate. They attempt to represent themselves. They hire sub-par representation and now...
Develop A Debt Management Plan
When you have an overabundance of debt, it's natural to want to get rid of it quickly. Interest costs can add up, and having too much debt makes it difficult or impossible to take on debt for things you need. But when we're faced with more debt than we can handle, it...
What Are The Costs Of A Career Change?
You’ve been thinking about a career change for a long time. You’re bored with your job and not progressing at the office. You’ve considered your career options. You’ve wanted to do a particular type of work since you were 20, but it just wasn’t in the cards. Perhaps...
What Is Alternative Minimum Tax
Have you noticed that people with higher than average incomes pay less tax than those who are barely scraping by? Well, Congress has noticed it, too. The alternative minimum tax, or AMT, came about to level the playing field. This is an explanation of how it all...
What Does A Tax Attorney Do?
The word attorney signifies someone who knows the legality of things. When things go wrong, people are likely to run to attorneys. In the law, these attorneys are the experts who can provide you with the comprehensive insights you need and the advice that will...
Common Payroll Tax Concerns
Let's face it, taxes are complicated, especially if you own a small business. Read below about tax concerns to avoid some of the most common pitfalls experienced by small business owners today. As your business grows, you will probably need to hire employees. Some of...
Latest News and Tips