When it comes to these ever increasing expenses and strategies to make us more successful in our business, we should be looking for ways to deduct them.

People are often surprised that one of the worst things they can do is transfer their property and miss out on important tax and family planning strategies.

This has to be one of the most under utilized tax strategies by small business owners with families today. Many don’t realize that paying their children under age 18, as well as adult children or grandchildren, is an excellent strategy to minimize their tax liability, not to mention it creates a host of other ancillary benefits.

This program offers an additional alternative for borrowers who are unable to keep their property under other federal programs such as HAMP or HARP. In particular, a short sale or DIL approved under HAFA offers the following benefits: