There is an old saying: Invest in land because they aren’t making more of it. The Super Wealthy have taken that strategy to heart with staggering land ownership statistics such as: John Malone 2.2 million acres The Emmerson Family 2.078 million acres Ted Turner 2...
Undergraduate expenses are usually not eligible but… Master’s degree costs can qualify if the program improves the employee’s skills. Educational assistance plans can provide up to $5,250 in tax-free benefits per employee including your children IF specific...
If you are looking to minimize capital gains recognition, consider the qualified opportunity zone (QOZ) provisions under the Tax Cuts and Jobs Act. These provisions offer tax benefits for investments made in economically depressed communities across the United States...
Annuities offer steady income with low risk in retirement and are sold by insurance companies. An investor deposits money with the insurer who invests and returns it via a series of regular payments through one of the following: Variable annuities – allow investments...
Hiring your spouse can mean big tax savings but not if you don’t do it correctly. Here’s what you need to know. Compensate Your Spouse Primarily in Tax-Free Employee Benefits, Not Taxable Wages. Cash wages are fully taxable so concentrate your spouse’s compensation...
If the fear of taxes is preventing you from selling your investment property, seller-financed installment sales can enable you to defer those taxes. The installment sale can cut your tax bill by spreading out your profits over multiple years and put you in a lower tax...
