Is Crypto a Security?
Is crypto a security? The simple answer is, it depends. Below we will be reviewing the question: when is crypto a security? Important for all “Crypto Investors” Whether you are a seasoned crypto pro or new to the exciting world of crypto trading, it is important to understand these concepts. What has the SEC said? […]
How to Write-off Health Insurance in My Business
Health insurance is expensive, and making sure it’s a write-off in your business is a big deal. Regrettably, it’s not as easy as just putting it on your P&L and treating it like office supplies. Health insurance premiums can be deductible. However, they must be reported in a specific way based on your type of […]
How to Self-Direct my IRA or 401k
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
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
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
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
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
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.
529 versus ESA: The Best for College Savings
The little-known fact that can transform your Coverdell ESA into a powerhouse for college savings is the fact you can self-direct the investments.
