Many people are in the business of investing in property or own a property for use by a business. But what do you do when that property is no longer servings its purpose? You sell it and pay the gains tax and move on to purchasing another property. Under normal circumstances that would be correct, … Read more
If you dispute an Internal Revenue Service decision regarding collection of tax money, you have the right to appeal. To get to this point, you would have received an IRS notification of audit and you would have already gone through such an audit. If you disagree with the IRS determination or certain other aspects of … Read more
The word “Tax” seems inherently dull and bothersome. However, in my view tax is the secret weapon of wealth creation. It should be a cornerstone in your financial planning. One fell swoop of a pen on some documents backed up by some clever tax planning can create instantaneous wealth. This is what the wealthy have … Read more
Have you given any seriouse thought to retirement money? You and your neighbors are spending too much! You’re living high now, but unless you make a quick turnaround you are going to pay dearly in the not so distant future. That’s the essence of a recent report by Ernst and Young. The study says that … Read more
Is it really smart to become completely debt free? Becoming totally debt free is an amazing achievement that can require a lot of work. But depending on your financial situation, you might be better off keeping some of those loans and continuing to make payments over time. Take student loans for example. These are … Read more