by William Bronchick, J.D. | Dec 18, 2013 | Asset Protection, Real Estate Tax Strategies
In this 24-minute video, attorney and real estate investor, Bill Bronchick shows how to maximize privacy, maximize protection, and minimize taxes by using these entities. He discusses the pros and cons of each entity. C Corporation S Corporation Limited Liability...
by Al Aiello, CPA, MS Taxation | Dec 9, 2013 | Real Estate Tax Strategies
The Best Tax Deductions The best tax deductions are those that do not require cash outlay, yet generate tax savings for you while the property is still generating a positive cash flow and appreciating. A prime example is rental property depreciation, which is a...
by Al Aiello, CPA, MS Taxation | Nov 19, 2013 | Real Estate Tax Strategies
When you get into “selling” scenarios (like wholesaling, retailing, options, lease options), the IRS (or your CPA) may try to classify you as a real estate “dealer.” Being tagged as a “dealer” could be a financial disaster because unlike a real...
by Al Aiello, CPA, MS Taxation | Oct 7, 2013 | Asset Protection, Real Estate Tax Strategies
“My lawyer told me umbrella insurance is enough to protect me, so I don’t need an LLC.” ~ An ill-advised Real Estate Investor With lawyers like the above, who needs enemies? You should absolutely have liability insurance. But insurance doesn’t protect you...
by Al Aiello, CPA, MS Taxation | Jun 25, 2013 | Asset Protection, Real Estate Investor Resources, Real Estate Tax Strategies
Asset protection is more important now than ever before because there are 82,000 lawsuits filed DAILY with real estate being a BIG target. There are numerous vehicles to protect you – LLCs, trusts, insurance – including combinations of these. Equity Stripping...
by Al Aiello, CPA, MS Taxation | Jun 13, 2013 | Asset Protection, Real Estate Tax Strategies
Money-saving entity selection and strategies are not based on arbitrary guess work, but on factual data by examining the three sides of an entity – the LEGAL side governed by state law – the TAX side governed by tax law – and the IRS side governed by statistics as to...