Tax Strategies

Taxpayers with high ordinary incomes are highly taxed. If you’re a high-net-worth earner, you’ve likely diverted some of your income into investments. The most common investment type for those in this situation is real estate. Passive income is taxed with a different set of rules than the ones surrounding your ordinary income. Passive income tax […]

If you’re making a large sum of ordinary income while investing, you’re in a unique tax situation. Ordinary income, like what you earn on through your W-2, on a Form 1040 income is highly taxed. But if you use the right methods to handle your investment income and Section 83(b) election form, you can save

Professionals with high incomes are often faced with difficult financial choices. One of the most common and difficult choices is whether to focus on paying off a mortgage. Doing so can remove one of the largest financial burdens most individuals face. Alternatively, investing in your future may seem a better idea than focusing on your

If you’re making money, you’re going to pay taxes. There’s simply no way around it. However, the nature of your income will determine the amount you pay in taxes. Furthermore, you can change the character of your income to save more of your income. Your money has character, and its character matters. From the IRS

The ability to create more cash flow from the money you already make is a key step towards building true wealth. One way to accomplish this is through a strategy known as income shifting.  Income shifting is not a new concept. In fact, this strategy has been used by the wealthy for generations to help

Okay, let’s start at the very beginning – what actually is an entity? A business entity is an organization that has been created by one or more people to carry on a trade or business. We’re going to look at some of the most common types in this blog.  Just like choosing the best plan

In our Facebook live episode, we’ve covered the “7 Deadly Sins of Small Business Owners.”  I discuss the ways small business owners get in trouble with the IRS and how they can correct those mistakes.   Deadly Sin #1: Commingling Personal and Business FundsMany small business owners are in the habit of commingling both their personal and