How Are Real Estate Repairs and Improvements Handled?
Real estate is tricky and is usually treated much different than a typical business. This is just one Blog Post and Podcast Episode in an entire guide we put together on real estate taxes. If you have not checked out our other content around real estate taxes, do so now by visiting: The Ultimate Guide to Real Estate Taxes In […]
How Does Depreciation Work for Real Estate?
Real estate is tricky and is usually treated much different than a typical business. This is just one Blog Post and Podcast Episode in an entire guide we put together on real estate taxes. If you have not checked out our other content around real estate taxes, do so now by visiting: The Ultimate Guide to Real Estate Taxes In […]
How Can I Use a Charitable Remainder Trust (CRT) To Eliminate Capital Gains?
In this article we are going to be talking about an advanced tax strategy to help eliminate the capital gain tax on the sale of a highly appreciated asset. A highly appreciated asset is simply one that you would expect a large gain on when you sell it. Are you selling stock in your portfolio with […]
How Is Cryptocurrency Taxed?
There seems to be a lot of confusion and misguided information out there around the taxation of cryptocurrency so we wanted to take the time to discuss it. Now we all know how slow the government works so although crypto has been around for awhile, the government is constantly revisiting and looking at the way […]
Portfolio and Non-Taxable Income – How Is My Income Taxed?
This is our fourth article that we are doing on “How Is My Income Taxed?”. Understanding how different types of income are taxed can be confusing and it is something we see pop up in our Free Facebook Group and Tax Minimization Program all the time. If you haven’t checked out our first article, What Is Ordinary Income Tax vs Capital Gain […]
Passive Income – How Is My Income Taxed?
This is our third article that we are doing on “How Is My Income Taxed?”. Understanding how different types of income are taxed can be confusing and it is something we see pop up in our Free Facebook Group and Tax Minimization Program all the time. If you haven’t checked out our first article, What Is Ordinary Income Tax vs Capital Gain […]
Earned Income – How Is My Income Taxed?
This is our second article that we are doing on “How Is My Income Taxed?”. Understanding how different types of income are taxed can be confusing and it is something we see pop up in our Free Facebook Group and Tax Minimization Program all the time. If you haven’t checked out our first article, What Is Ordinary Income Tax vs Capital Gain […]
What Is Ordinary Income Tax vs Capital Gain Tax?
This is our first article that we are doing on “How Is My Income Taxed?”. Understanding how different types of income are taxed can be confusing and it is something we see pop up in our Free Facebook Group and Tax Minimization Program all the time. There are three main types of income that we want to focus on and […]
How Are Credit Card Rewards Taxed?
For quite some time now there seems to be a lot of confusion around credit card rewards and the taxability of them. Throughout our our Free Facebook Group and Tax Minimization Program we see this topic pop up so we are taking the time to tackle it now! Before we dig into it, I want to list out different types […]
2022 Tax Rates and Resources
Now that we are past the 2021 tax deadline we wanted to get some information out about the rates and changes for 2022. You can download our full 2022 Tax Resource Guide here. Below is the breakdown of some of the most important ones! 2022 Individual Tax Rates For our purposes we are going to focus […]