Over the last 50 years, home prices in the U.S. have increased by a little more than 5% annually. This means that the $200,000 home you buy today could be worth more $864,000 in 30 years. No wonder real estate is considered such an effective way to build wealth. But few actually take full advantage of the opportunity at hand. … Read More
Flower Mound Tax CPA: Don’t Let Your Investments Trigger an Audit
The IRS typically narrows in on filers with huge deductions relative to their income, business filers with extra or suspicious write-offs, those claiming earned income tax credit or anything unusual. While investing is not the most common trigger for an audit, it still happens. (Flower Mound Tax CPA: Don’t Let Your Investments Trigger an Audit) One of the easiest ways … Read More
Dallas Real Estate Tax Help: What to Know About Taxes
What to Know About Taxes Taxes are probably one of your least favorite things to think about. But as with any investment, Uncle Sam is going to want to take a piece of the pie when things are peachy. However, with real estate investing, there are a lot of things to consider when it comes to taxes. (Dallas Real Estate … Read More
Flower Mound Tax Help: Smart Ways To Invest Tax Savings
1. PAY OFF HIGH-INTEREST DEBT Has a high-interest credit card balance been hard to pay off? Instead of buying a vacation with your refund, tackle that debt instead. Start with debts with the highest interest rates; eliminating these will save you the most money over time. If you don’t have any credit card debt, use your refund to reduce car … Read More
Dallas CPAs: Bringing Joy To Tax Time
Few things bring a business owner’s blood pressure up like the thought of tax time. Between the receipts to go through, the surprise of what they will owe, and the hours it takes to gather annual income information, it’s just not a fun prospect for most business owners. But as aCPA, I know it doesn’t have to be like that. … Read More
Last-Minute Tax Tips From Tax Reduction Specialist
For those who wish to file by April 17, the pressure begins to build around now. Before the race gets heated here shortly, you may want to learn how last year’s tax reform changed things. You’ll be dealing with some of the biggest changes in a generation, so prepare. Besides fundamental restructuring like the elimination of exemptions, there are more … Read More
Flower Mound CPA: Real Estate Professional Tax Tips
Whether you’re preparing your taxes on your own as real estate professional or having a tax strategist CPA help you, here are some tips: Don’t forget your mileage. Many real estate agents leave money on the table when it comes to their mileage. Depending on where you work on a regular basis, the tax deduction may include attending meetings, putting … Read More