…and save you taxes! Many people dream of turning their passionate pursuit into a money-making venture. Creating a successful and profitable business is seldom easy, but the Federal government offers tax incentives to business owners that could make converting an avocation into a business start-up an effective part of your overall tax planning strategy. If...
There are no great secrets where tax planning and tax cutting are concerned. Then again, most people do not even employ the basic tax strategies that they should. Especially the all-too busy entrepreneurs out there. The principles around which all tax-cutting strategies revolve can be reduced to six crazy simple basics. Here is a countdown...
Well, it could save you lots of money if you have a highly appreciated asset! Lets define an monetized installment sale or 453(a). It is a transaction in which the seller of an asset (pretty much any asset) that increases in value is deferred for a period of years in exchange for cash or other...