Category: Taxes
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What Is a Qualified Intermediary For a 1031 Exchange?
What is a Qualified Intermediary For a 1031 Exchange? A qualified intermediary (QI) is the key to a successful 1031 exchange. If you sell real property and want to defer capital gains taxes, the IRS requires that a neutral exchange intermediary step in and handle the money and paperwork. Miss this step—or choose the wrong
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Unrealized Gains Meaning vs Realized Gains and Losses
Unrealized Gains Meaning vs Realized Gains and Losses Understanding unrealized gains is one of the most important concepts in investing and one of the most misunderstood. If you’ve ever looked at your investment account and seen your balance go up (or down) without selling anything, you’ve already experienced unrealized gains or unrealized losses. In simple
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Real Estate Professional Tax Benefits for High-Income Professionals
Real Estate Professional Tax Benefits for High-Income Professionals For many high-income professionals, the biggest financial surprise isn’t how much money they make — it’s how much they lose to taxes every year. Physicians, dentists, business owners, and executives often reach a point where income is no longer the problem. The real issue becomes how to
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Dental CPA vs General CPA: Why Dentists Need the Right Financial Partner
Dental CPA vs General CPA: Why Dentists Need the Right Financial Partner Most dentists assume any CPA firm can handle their taxes and bookkeeping. After all, numbers are numbers, right? Not exactly. When I started my perio practice, I hired a local CPA who came highly recommended. He worked with restaurants, construction companies, and a
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Tax-Efficient Retirement Withdrawal Strategies for Income Planning
Tax-Efficient Retirement Withdrawal Strategies for Income Planning Have you thought about how you’ll actually pull money from your retirement accounts once you stop working? Saving for decades is one part of the journey, but spending it wisely is another. The way you sequence your withdrawals, manage taxable accounts, and plan around Social Security benefits can
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Cost Segregation Study: What Real Estate Owners Need to Know
Cost Segregation Study: What Real Estate Owners Need to Know If you own a rental property, chances are you’ve wondered how to squeeze more value from your investment beyond monthly rent checks. Here’s the good news: the tax code actually gives you a way to do just that. It’s called cost segregation rental property, and
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Bonus Depreciation 2025: What the Big Beautiful Bill Restores
Bonus Depreciation 2025: What the Big Beautiful Bill Restores Are you tired of watching the IRS take a massive chunk of your income every year? What if you could turn those taxes into cash flow you actually keep? Thanks to bonus depreciation 2025, that’s no longer a dream—it’s a reality. The new One Big Beautiful
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100% Bonus Depreciation in Real Estate: Trump’s Tax Bill Game-Changer for Investors
100% Bonus Depreciation in Real Estate: Trump’s Tax Bill Game-Changer for Investors If you’re a real estate investor or business owner, you’re going to love this. Trump’s new tax bill has passed, and one of the biggest wins is that 100% bonus depreciation is back – and this time, it’s permanent. This is a game-changer for anybody
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How to Use 100% Bonus Depreciation to Slash Taxes and Build Wealth
How to Use 100% Bonus Depreciation to Slash Taxes and Build Wealth Are you leaving thousands of dollars in tax savings on the table? With Trump’s new tax bill bringing back 100% bonus depreciation—this time making it permanent—real estate investors and business owners have a massive opportunity to cut taxes and accelerate wealth. If you’d
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Trump’s New Tax Bill: Big Bonus for Real Estate Investors
Trump’s New Tax Bill: Big Bonus for Real Estate Investors The Tax Cuts and Jobs Act (TCJA), sometimes called President Donald Trump’s “big beautiful bill,” brought significant changes that shook up the entire real estate industry. From bonus depreciation to expanded deductions, these new rules transformed how investors approach deals, structure entities, and plan their
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How Does a K-1 Loss Affect My Taxes? A Simple Guide
How Does a K-1 Loss Affect My Taxes? A Simple Guide If you’ve ever received a Schedule K-1 tax form, you might’ve noticed a loss reported on it—and wondered, “How does this affect my taxes?” The answer isn’t as straightforward as you might hope, but understanding it could help you reduce your tax liability and
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How the Augusta Rule Lets You Earn Tax-Free Rental Income
How the Augusta Rule Lets You Earn Tax-Free Rental Income The Augusta Rule, officially known as IRS Section 280A(g), is a lesser-known provision in the U.S. tax code that allows homeowners to rent out their personal residence for up to 14 days per year and not report the income on their federal tax return. That
