Even the most savvy investors and tax experts often avoid the topic of cost segregation. It’s complicated, and a careful reading of tax code doesn’t do much to clear things up. Most IRS-approved applications of cost segregation were developed through individual rulings, rather than written into tax regulations, making it a challenge to get a […]
Business Tax
Simple Solutions for Resolving Outstanding Tax Debt
Despite your best efforts, there is always a possibility that your tax bill will be larger than planned. For those on a tight budget, this can be a problem. Fortunately, if you can’t afford to pay your bill in full by the date it is due, the IRS offers several alternative options. The most important […]
Inside Stories from Accountants Who Have Seen It All
The accounting profession is generally quite serious, but even the most solemn tax preparation specialists can find humor in the more outrageous deductions their clients have attempted. Creativity certainly has its place – and there is a long list of expenses that might qualify you for tax savings – but some taxpayers push the boundaries […]
Winning the Battle to Protect Your Wealth from Taxes
You can do everything right when it comes to building your wealth: introduce innovative products and services, work hard to achieve your financial goals, and make smart investments to ensure your money grows. However, it’s easy to lose a large amount to taxes if you don’t take steps to protect your hard-earned money. The good […]
Traditional And Roth IRAs: A Quick Side By Side Comparison
Both these long-term investment tools are easy to set up. And, they both offer significant returns. However, they both have significant pros and cons. Nothing can substitute for a one-on-one conversation with a certified tax coach who understands more than your current financial profile. These professionals also understand your long-term needs and goals. All these […]
The Twists and Turns of Cost Segregation
Uncovering the Secrets of Cost Segregation Even the most savvy investors and tax experts often avoid the topic of cost segregation. It’s complicated, and a careful reading of tax code doesn’t do much to clear things up. Most IRS-approved applications of cost segregation were developed through individual rulings, rather than written into tax regulations, making […]