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- The Skinny on 1031 Exchange: Maximizing Profits by Minimizing your Tax Liability
- A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your of...
- 5 Tax Myths That Are Costing You A Bundle
- This article is based on the following 2 assumptions: 1) You are a small business owner or self-employed person (including home-based and/or part-time businesses). 2) You don't like to pay taxes. In fact, whenever you think about paying taxes, you g...
- Small Business Tax Trap #1: Waiting To Incorporate -- What A Difference A Date C
- If you're a sole proprietor, perhaps you've considered incorporating your small business or self-employment activity. And so maybe you've been wondering, "When is the best time to incorporate?" From a legal standpoint, any time is the best time. The...
- Tax Haven Raises Entry Price
- While Monaco is a well known European tax haven, Andorra has remained little known outside of the financial community - despite enjoying the same tax advantages and arguably more private banking than her better known rival. In contrast to the simila...
- Child and Dependent Care Credit can help you save on your taxes
- The cost of raising a child is elevating every day. Paying for baseball leagues, dance lessons, day care, clothing, food and school supplies can add up to be a large sum of money. On the other hand, if you are caring for a parent, a spouse or any ot...
- Four Critical Things You Should Demand From A Tax Professional
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- Dear John Letters From The IRS
- Undoubtedly, you are aware of Dear John letters. Often a young lady sent them to men in the military, often containing bad news. Well, the IRS sends them to taxpayers as well. Dear John Letters From The IRS The Internal Revenue Service sends out mil...
- Using This Years Taxes to Save On Next Years Taxes
- You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year. Using This Years Taxes to Save On Next Years Taxes For most people, preparing and filing taxes...
- Smart Yearend Planning-Corporate Formalities
- There are three main areas we need to keep in mind as the year ends: 1. Taxes 2. Corporate formalities 3. Planning for next year The power of documentation—shifting the burden of proof For those who have an LLC (opposed to a sole proprietorship, S...
- Working Out Is Not Like Doing Your Taxes
- It comes once a year and it always seems to get put off until the last minute. You swear that you will never do it again, but alas, it is the last minute tax crunch. Unfortunately, working out is not like taxes. It is not something that you can get...
- Dealing With Taxes If You Live and Work Outside The United States
- If you live and work outside of the United States, I may have some very good news for you. Although Americans are taxes on their worldwide income, you may be able to claim a huge deduction. Dealing With Taxes If You Live and Work Outside The United...
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