Unlocking Tax Deferral: Leveraging Opportunity Zones & Mastering 1031 Exchange Property Identification
As we navigate the complexities of the current tax landscape, astute investors and tax professionals are increasingly turning their attention to the strategic benefits of Opportunity Zones and the intricacies of 1031 exchanges. These two mechanisms offer compelling avenues for tax deferral and capital growth, yet they require a nuanced understanding to leverage effectively. Opportunity […]
1031 Exchange Mastery: Skyrocket Your Real Estate Profits with Tax-Deferred Strategies
In the dynamic landscape of real estate investing, Section 1031 of the U.S. Internal Revenue Code stands out as a powerful tool for investors seeking to optimize their portfolio growth while deferring capital gains taxes. Commonly referred to as a ‘1031 exchange,’ this provision allows investors to reinvest the proceeds from the sale of investment […]
Maximize Your Depreciation Deductions: The Power of Cost Segregation Studies Explained
Real estate investing can be a lucrative venture, especially when investors leverage tax strategies to maximize their returns. One such strategy is a cost segregation study, a powerful tax planning tool that can significantly increase cash flow by accelerating depreciation deductions. This guide will dive into the intricacies of cost segregation studies, providing real estate investors […]
What Are Estimated Taxes and How Do I Pay Them?
This is the eighth post in our “Starting a Business Series”. Estimated taxes are a topic or area that often confuses both new and established business owners. My hope here is to give you a clear understanding of what estimated taxes are, how you calculate them, and how you pay them. By gaining this knowledge it help […]
Rental Property Tax Essentials: Top Tips & Updates for 2024 You Need to Know
In our comprehensive series on rental properties and taxes, we covered a wide range of topics to help real estate investors maximize their tax savings and boost their investment returns. If you missed any part of that series or need a refresher, you can access our Ultimate Guide to Real Estate Taxes here! Here we are go […]
What Options Do I Have To Pay For My Tax Bill?
Before we get too deep into this article, we want to break it into two parts. Those that can afford and want to pay their tax bill in full. Those that cannot afford to pay their tax bill. Lets start with those that have the money to pay for the tax bill right away! How […]
What Do I Need To Know About Tax Extensions?
We are getting close to that time of the year where a tax extension is going to be important to think about. There is so much misinformation about tax extensions out there so we want to take the time know to smooth out the details. What Does a Tax Extension Even Mean? Lets answer the […]
Understanding Foreign Income: A Guide for Business Owners
In an increasingly global economy, it’s not uncommon for business owners to engage in transactions that cross international borders. Whether it’s through remote services, overseas sales, or international partnerships, foreign income can become a significant part of a business’s revenue stream. However, this income comes with its own set of tax implications that must be […]
Listener Q&A with Mike Jesowshek CPA (2/14/2024)
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast to […]
How Can I Lower My Tax Bill After Year-End?
If you have been listening to our Podcast or following our Blog for awhile you will know that we stress the importance of tax planning throughout the year and NOT during tax season. The fact remains true that if you are looking for and thinking about tax strategies now (in tax season) for last year […]