Tax Negotiation Representation
Posted by admin on Aug 18, 2008
Tax negotiation representation can help taxpayers needing assistance with their tax issues. Tax issues can involve many different kinds of problems including inability to pay, release of liens and audits. A qualified negotiator has seen every kind of problem taxpayers experience and knows how develop workable solutions with the agreement of the IRS.
Victim Mentality
There’s a [...]
Mid-Year Tax Planning: Do You Need to Add an Entity?
Posted by admin on Aug 14, 2008
Do you need to add an entity to your tax structure?
This is such an important question for mid-year planning because knowing the right time to add an entity to your tax strategy can often save as much as $10,000 per year in taxes!
What entity should you consider adding to your tax structure?
Many of you want [...]
5 Questions for Your Mid-Year Tax Planning
Posted by admin on Aug 13, 2008
When I coach clients on their tax strategy to legally reduce their taxes, many of the strategies require monitoring throughout the year. The monitoring serves two primary purposes:
#1 To Monitor the Numbers
Many tax strategies are based on income and expenses being at certain levels. It is not uncommon for these numbers to change [...]
Property Taxes
Posted by admin on Aug 12, 2008
Many homeowners have been taken by surprise when the value of their home suddenly seemed to hit freefall. However, it would certainly seem as though there should be one advantage to dropping home prices. Many homeowners assumed that when the value of their homes fell, their property taxes would as well. This has not [...]
Falling Home Prices Have Little Effect on Property Taxes
Posted by admin on Jul 24, 2008
Many homeowners have been taken by surprise when the value of their home suddenly seemed to hit freefall. It would certainly seem as though there should be one advantage to dropping home prices; however. Many homeowners assumed that when the value of their homes fell, their property taxes would as well. This has not been [...]
The Best Deeding Method to Use in 1031 Tax Deferred Exchanges
Posted by admin on Jul 4, 2008
In this article, I’d like to define two real estate terms—direct deeding and sequential deeding—and show the best form to use with 1031 Tax Deferred Exchanges.
If you’re not familiar with the “1031,” this law allows the exchange of investment or business property for other investment or business property, without paying tax (it’s deferred) if the [...]
How can a Life Insurance Policy be a good investment?
Posted by admin on Jun 11, 2008
With a lot of the news surrounding the economy and how bad it is, I thought it might be a great time to discuss life insurance and how it might be time to really consider it as a way to diversify your portfolio.
A dear friend of mine forwarded a link to a discussion on CNBC [...]
Lower Tax Bills And Bookkeeping For Small Business
Posted by admin on May 24, 2008
Tax authorities are often relaxed about the need for small business to prepare and produce formal accounting records. Often the requirement is simply that each business retains sufficient financial records to support the accounts submitted.
Such advice from tax authorities places a burden upon small business in that the vast majority are honest hard working people [...]
Who Should Use The New Self Employment Tax Returns In The UK
Posted by admin on May 4, 2008
Anyone in business in the UK who is not incorporated into a limited company must complete a tax return of their financial affairs each year. For a number of years the specific tax return to be completed by everyone self employed was the self assessment tax return.
The new self employed tax returns were introduced quite [...]
Pay Less Tax By Claiming Mileage Allowance Expenses
Posted by admin on Apr 30, 2008
First examine the facts as they exist in the current financial year 2007-08. The current approved mileage allowances were set five years ago in the financial year 2002-03 and while the current rates in no way reflect the increases in fuel costs in recent years that all businesses including small business. The Inland Revenue is [...]
