Free Tax Tips & Strategies
In this episode of Tax Tuesday, tax attorney Toby Mathis, Esq. and CPA & Tax Director at Finance Business Advisors, Jeff Webb, bring tax knowledge to the masses and answer your tax questions LIVE!
– What is the process for a non-profit to invest in syndication?
– Can I write off the interest on the amounts over $1m in my s corp for house flips?
– What are the pros and cons of moving a company to Puerto Rico for tax planning purposes?
– Are life insurance proceeds taxable if a is the beneficiary?
– Would the tenant pay their monthly rental check in the name of an s-crop?
– If we put our personal bank accounts and investment accounts into a revocable living trust, must we change the owner’s name on the bank account from our name to the name of the trust?
– I am buying property in AR in my name, putting into an LLC, the LLC will be put inside a WY LLC. How do I pay my CA taxes properly since I’m in CA with these other LLCs? Also, can I move my CA properties to an out of state LLC to reduce my taxes?
– At the exit of a real estate syndication, can suspended passive losses be released to offset the 1231 gain?
– I have been told that as a land flipper I would not be considered a dealer by the IRS, do you agree?
– Is tuition for professional learning deductible?
– Can you buy an Airbnb with money inside and outside of an IRA?
– I am selling my primary residence house and will close 7/23/21. I am not buying a new house immediately. How long do I have to reinvest? Do I need to keep the funds separate? Can I use them in the interim to either invest or pay off debt, then later “rollover” the full amount in a new house?
As always, take advantage of our and every other Tuesday we have , another great educational series. Our answers your questions about how to structure your business entities to protect you and your assets. One of my favorites as well is our .
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