Real estate investment concept representing cost segregation

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The Potential Tax Benefits of Cost Segregation

One significant tax benefit of owning residential rental property, commercial property or other types of investment property is depreciation. You can take a tax deduction without spending any additional money. However, regular depreciation for real property is slow. Residential income… Read Now >>

The Potential Tax Benefits of Cost Segregation

July 10, 2024
Real estate investment concept representing cost segregation

One significant tax benefit of owning residential rental property, commercial property or other types of investment property is depreciation. You can take a tax deduction without spending any additional money. However, regular depreciation for real property is slow. Residential income… Read Now >>


3 Key Benefits of Opportunity Zone Investments

June 26, 2024
New home construction, representing opportunity zone investments

Opportunity Zones present a compelling investment opportunity for entrepreneurs looking to achieve both financial returns and make a significant social impact. Initiated by the Tax Cuts and Jobs Act of 2017, these zones aim to promote economic development in underserved… Read Now >>


Ensure Your Legacy with These Tax-Efficient Wealth Transfer Strategies

June 18, 2024
coins representing wealth transfer strategies

For entrepreneurs who have spent a lifetime building their businesses, planning for the smooth transfer of this wealth to the next generation is a critical aspect of legacy building. However, without careful planning, tax implications can significantly impact the value… Read Now >>


How Recent Tax Law Amendments Impact Entrepreneurs

June 11, 2024
Business woman and team, representing tax law amendments for entrepreneurs

The landscape of entrepreneurship is constantly evolving, and so are the tax laws that govern it. Recent tax law amendments present both challenges and opportunities for successful entrepreneurs. Staying ahead of these changes is not just about compliance. It’s about… Read Now >>


Alternative Investment Tax Strategies for Successful Entrepreneurs

June 4, 2024
Concept for alternative investment tax strategies

In the dynamic world of successful entrepreneurship, diversification goes beyond just a buzzword—it’s a strategic necessity. Alternative investments can span from venture capital and private equity to real estate and commodities. Many of these investment opportunities promising avenues for growth… Read Now >>


How to Leverage Donor-Advised Funds (DAFs) for Tax Efficiency

May 22, 2024

When it comes to philanthropy, the adage “not only giving but giving wisely” is a great approach to consider. This is especially true for successful entrepreneurs looking to make a meaningful impact with their wealth. Donor-Advised Funds (DAFs) have emerged… Read Now >>


The Financial Advantages of an Exchange Fund

May 15, 2024
House and folder, representing exchange fund investment portfolio

Exchange funds (also known as “swap funds”) offer a distinctive approach to investment akin to mutual funds. However, participants offer stocks instead of contributing cash. These funds amalgamate the sizable stock holdings from various investors to substitute a single, concentrated… Read Now >>


What is the IRS Dirty Dozen List?

May 8, 2024
Locked money concept, representing IRS Dirty Dozen list of tax schemes

Have you heard about the enormous tax savings you can reap by investing in a Maltese individual retirement arrangement or utilizing Puerto Rican captive insurance for your business? Before you invest your hard-earned money in these or other highly promoted… Read Now >>


How to Utilize Overfunded Section 529 Plans

May 1, 2024
College graduation cap and diploma, representing Section 529 savings plan.

You can accumulate federal income-tax-free earnings with a Section 529 college savings plan account. Then, you can take federal-income-tax-free withdrawals to cover qualified education expenses—usually for college. Setting up a Section 529 savings account is a great idea for putting… Read Now >>


IRS Audits: What You Need to Know

April 24, 2024
Businessman smashed by boulder, representing IRS audits

The tax deadline is now behind us. Yet, some individuals and business owners are always worried about if they did everything correctly to avoid getting audited by the IRS. Filing taxes can be complex and some tax codes can be… Read Now >>