The IRS has released guidance on conservation easements and has provided specific language to use in any contracts or deeds relating to these easements. The safe harbor in IRS Notice 2023-30 involves extinguishment and boundary [...]
The Internal Revenue Service is showing a bit of kindness and compassion to all of us taxpayers by giving us more time to file tax refund claims for tax returns we filed earlier in the [...]
According to a report from Syracuse University, the IRS managed to actually audit 7,710 "millionaires" in 2022, down from 40,965 just a decade ago. If you claimed the earned income tax credit (for lower-income taxpayers), [...]
The IRS released information in Notice 2022-36 that permits taxpayers to have the failure-to-file penalties removed from their returns for 2019 and 2020. This penalty relief (and subsequent refunds) will be automatic, according to the [...]
There are many tax breaks that come with real estate investing. There may be tax deductions available when you make the purchase, when you own and operate it as a rental and when you wish [...]
Please click below to obtain your free copy of: The Ultimate Solo 401(k) Tax Guide: Tax Strategies and Tips to Maximize the Plan’s Assets 401(k)
Here is a link to a recent webinar that I did with Garnaco Inc. In it I discuss some of the tax strategies associated with retirement plans that you can implement today. Save for retirement [...]
Episode 7: Interested in investing in real estate or already have a rental property or two? This week's show ("Win the Tax Game") features Chris Lopez- an expert in Denver real estate- as we discuss [...]
Episode 6: Win the Tax Game. In this 40 minute presentation, I discuss choice of business entities for real estate investors and some common missed tax deductions with Attorneys Stephanie Long and Peter McFarland. https://www.youtube.com/watch?v=wjosqKJCP8k
Episode 5: Win the Tax Game. On this episode, Attorney Peter McFarland joins me for a discussion on choice of business entity- very valuable information for any new business- LLC, corporation or something else? https://www.youtube.com/watch?v=e9Ct6KnVF3M
