How to Self-Direct my IRA or 401k

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You can actually invest in real estate, promissory notes, precious metals, cryptocurrency, small businesses, and concert tickets, or raw land. Your broker may tell you that you can’t do this and it’s prohibited. They’re blatantly wrong.

10 Ways to Write-Off Your Pet on Your Taxes

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In this article, I will break down 10 ways to write-off your pet on your taxes. If you’re a pet owner, you know the joy and companionship a pet can bring to your life. But did you know that you may be able to write-off some of the expenses associated with owning a pet on […]

Maximizing Tax Savings with Cost Segregation

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Are you a rental property owner looking to reduce your tax liability and heard that cost segregation is the silver bullet you have been missing out on? Well, it’s a tricky answer. Cost segregation is often an oversold strategy because it truly is an amazing strategy and it sounds incredibly sexy (at least to us […]

How to Maintain My S-Corporation

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The S-Corporation can be a powerful structure and tool to save on self-employment taxes and can also protect a business owner’s personal assets from lawsuits that may arise from their operations.

When and How to use the 1031 Exchange

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Also, it’s important to remember that a 1031 Exchange requires the taxpayer to purchase more real estate. Some people don’t want to buy more real estate and are ready to move on to another asset class. They have decided that paying the tax is worth it to free up the cash.

The Magic of the Mega Backdoor Roth

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Don’t get me wrong, the Mega Roth is amazing, but I would suggest you don’t even think about it unless you’ve seriously considered the other strategies above AND have an extra 50k+ to set aside for savings without the need for a current tax deduction.

Should I put My Spouse on Payroll?

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Now although there are reasons not to put your spouse on payroll, I would argue there are two (2) GOOD REASONS to put a spouse on payroll before year-end. Both of these strategies create great excellent tax deductions and good use of money

Do I Need a Living Trust?- What You Need to Know

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Millions of Americans die each year without any type of estate plan in place, and this forces their families into the court system, where they experience huge expenses with probate and significant time delays when they would rather be mourning.