Author: Jeff Anzalone
-
Reducing Tax on Rental Income: The Role of Passive Losses
Reducing Tax on Rental Income: The Role of Passive Losses As a periodontist, I was never taught anything about money, much less real estate or taxes, in school. The fault is mine for not seeking this information earlier in my career. It’s amazing that once you learn how to use the tax code correctly, it…
-
Tax Savings Strategies for High-Income Doctors: Maximizing Your W-2 Deductions
Tax Savings Strategies for High-Income Doctors: Maximizing Your W-2 Deductions [Editor’s Note: Today’s article is a guest post from Thomas Castelli, CPA from Hall CPA (my personal CPA group).] Navigating the maze of tax planning can be daunting for anyone, including high-income doctors. Your unique financial situation, characterized by substantial W-2 income, demands strategic foresight to safeguard…
-
2024 Bonus Depreciation Update: Is It Coming Back?
2024 Bonus Depreciation Update: Is It Coming Back? In 2024, there have been some changes to the bonus depreciation rules. One notable development is the passage of the Tax Relief for American Families and Workers Act of 2024, which includes a 100% bonus depreciation provision and research and development expensing and expands the Child Tax…
-
What Is a Private Placement Memorandum (PPM) In Real Estate?
What Is a Private Placement Memorandum (PPM) In Real Estate? A private placement memorandum (PPM) is an important document for businesses seeking to raise capital by selling securities to a select group of investors. This legal document discloses essential details about the investment, including the company’s financial information, risks associated with the investment, and the…
-
Marshawn Lynch’s Wealth Secrets: Turning NFL Advice Into Financial Gain
Marshawn Lynch’s Wealth Secrets: Turning NFL Advice Into Financial Gain Despite earning high incomes during their careers, up to 78% (ouch) experience financial distress or bankruptcy within two years of leaving the league. Contributing factors include the average career length of roughly 3.3 years, extravagant spending habits, lack of financial education, poor investment decisions, and…
-
Steps To Achieve Financial Freedom: A How-To Guide
Steps To Achieve Financial Freedom: A How-To Guide Financial freedom means having the ability to make choices without being held back by financial constraints. It involves understanding and managing your income, expenses, debts, and investments to achieve a level of financial stability where you can focus on other aspects of your life (like having fun!).…
-
Section 179d: Tax Deductions for Commercial Buildings
Section 179d: Tax Deductions for Commercial Buildings The 179D commercial building energy efficiency tax deduction encourages building owners and tenants to adopt energy-efficient systems and improvements. Building owners can claim significant tax deductions by implementing qualifying measures, benefiting their bottom line and promoting sustainability and reduced energy consumption. As of December 28, 2020, the 179…
-
Recapitalization In Real Estate: An Investor’s Guide
Recapitalization In Real Estate: An Investor’s Guide Recapitalization in real estate is when you change how a property is financed. This usually means adjusting how much money comes from loans versus how much comes from investors. This can help the person who owns the property make more money. They might do this by working with…
-
What Is The Real Estate Sponsor Promote?
What Is The Real Estate Sponsor Promote? In the real estate private equity world, there’s a key concept called the “sponsor promote.” This is a fancy term for the extra profits the sponsor gets after reaching a certain return level in a deal. If you’re not sure what a real estate sponsor or syndicator is,…
-
How to Create a Winning RV Park Business Plan
How to Create a Winning RV Park Business Plan Whether you’re an entrepreneur seeking a new business venture or an existing RV park owner looking to expand, developing a comprehensive business plan is crucial to your success. A well-crafted business plan allows you to examine the market, pinpoint your target audience, and create a foundation for…
-
Real Estate Tax Savings: How Cost Segregation Works
Real Estate Tax Savings: How Cost Segregation Works Have you ever been told that the ultra-wealthy folks end up paying little to no taxes? I know I have. The fact is, anybody can benefit from the tax system if they know how to play the game. If I could go back in time (before dental…
-
What Is Underwriting in Real Estate? An Investor’s Guide
What Is Underwriting in Real Estate? An Investor’s Guide Investing in commercial real estate is a great way for busy, high-income professionals to diversify their portfolios and earn passive income. Who doesn’t want extra sources of money coming in, right? However, it’s important to understand the numbers behind the deal, especially if you’re a first-time…
