Tag Archives: Tax Planning

Tax Credits for Real Estate Investors

For real estate investors, tax credits can be tricky.  Most investors can save more by classifying fix-ups as deductible repairs rather than depreciable improvements.  But in the case of rehabilitation and renovation expenses this may not be the case since … Continue reading

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How Tax Losses Harvesting Works in Your Investments

Harvesting tax losses (“tax swaps”) involves selling one asset at a loss then buying a similar but not “substantially identical” replacement. The swap leaves your portfolio looking the same—but lets you claim a deduction for the loss on your original … Continue reading

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Year End Planning – Depreciation and Real Property

This may be the last year that a unique combination of tax breaks is available for three categories of real estate assets: qualified leasehold improvement property; qualified restaurant property; and qualified retail improvement property. Taxpayers who are contemplating such improvements, … Continue reading

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Year End Planning – Section 179 Expensing

Generous Section 179 expensing limits are set to expire at the end of this year.  If you are  planning to purchase machinery and equipment or invest in eligible real estate assets during the remainder of this year or early next year … Continue reading

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Year End Planning – Bonus Depreciation

An expanding and strengthening economy may mean that Dec. 31, 2013 will be the end of the line for some stimulus-type tax breaks. Unless Congress acts, additional depreciation deductions in the placed-in-service year equal to 50% of the adjusted basis … Continue reading

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Some Year End Planning Moves to Consider

Year-end tax planning could be especially productive this year because timely action could nail down a host of tax breaks that won’t be around next year unless Congress acts to extend them, which, at the present time, looks doubtful. These … Continue reading

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Sticker shock awaits many taxpayers on preparing their 2013 tax return

While most tax practitioners are aware of the many tax changes that are effective for the 2013 tax year, many taxpayers may not be. They may be surprised to learn that the tax landscape has shifted precipitously for those who … Continue reading

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IRS To Delay Start Of Tax Filing Season By Two Weeks

There seems to be more fallout due to come from the government’s partial shutdown: Early tax filers will have to wait an extra week or two to get tax refunds next year. The Internal Revenue Service said Tuesday it will … Continue reading

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How to turn startup profits into 100% tax-free gain

Successful startups can pay off big for those who get in on the ground floor, and the qualified small business stock (QSBS) provisions can turn that big payoff into tax-free gain. However, time may be of the essence: under current … Continue reading

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Avoid Tax When You Sell Appreciated Assets

Charitable trusts let you avoid tax when you sell appreciated assets such as real estate, a business, or securities. This requires splitting the asset into two parts (an income, payable for a term of up to 20 years or a lifetime, … Continue reading

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