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Articles tagged "wealth strategist":
5 articles found
13 Tips To Finding The Right Tax Preparer For Your Team
Having the right team of advisors is critical to achieving your financial goals faster than you ever thought possible. For most people, taxes are the SINGLE BIGGEST expense. This makes finding the right tax preparer for your team extremely important.
Mortgage Interest Deductions - Get Your House In Order
Many people recognize that the deduction for home mortgage interest is one of the most potent tax breaks available today. Most people are surprised at how complex and full of pitfalls the mortgage interest deduction rules really are and more are surprised about how big of a role their house plays in their wealth strategy.
How Much Is Building And How Much Is Land?
One of the biggest tax advantages of owning a rental property is the depreciation you can take on the amount you paid for the property. Of course, the IRS understands that land does not wear out. So, only the portion of the purchase price related to the building and the contents is subject to the allowance for depreciation.
Tax Law Changes That Will Impact Your 2007 Tax Return
Do you own real estate? At the very end of 2007, Congress passed a bill with several tax law changes impacting real estate. Expect some changes when you file your 2007 tax return! Here are a few highlights from the Small Business and Work Opportunity Act of 2007.
LANDLORDS: Looking For The Top Ten Tax Deductions?
No landlord would pay more than necessary for utilities or other operating expenses for a rental property. But, every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property.