Archives for Education

Additional Stimulus Funding Update

It’s been over six-weeks since California State and Local Governments ordered non-essential business closed and issued the “Safer At Home” directive. And by most accounts, the crisis appears to have reached a plateau. We’re not quite “out of the woods” yet on the public health front. But there’s more good news than bad. Which is a huge triumph! Though, regardless of whatever progress we’ve made, I hope you, your family, friends, and loved ones are
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How to Take Advantage of Opportunity Zones

When it comes to real estate investing, what single factor takes the biggest bite out of your profit margin? Capital gains taxes. You can expect to lose up to 20% of your returns to Capital Gains when it’s time cash out an investment simply as a matter of course. And if you’re like most investors, this “cost of doing business” is a bitter pill after working tirelessly to amass investment funds, only to have the
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How Does The Qualified Business Income Deduction (QBI) Benefit Your Real Estate Investments?

There’s no doubt real estate is a lucrative investment! Ownership of income-generating properties has been the seat of many eventually towering fortunes. But the liabilities involved with real estate are considerably larger than other investments. Managing tenants and maintenance, along with property and income taxes are expenses that perpetually eat away at your profit margin. Good News For Real Estate Investors But despite these expenses, there’s some good news for real estate investors on the
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Achieving Peak Financial Fitness

  Yosemite National Park, where I’m pictured in the photo above, is one of California’s greatest natural treasures. This shot was taken across from the half dome at Glacial Point. A stunning viewpoint to say the least! The beauty of Yosemite’s landscape and the majesty of the park’s stunning mountains are truly awe-inspiring. Speaking of Yosemite’s mountains, the park is home several very impressive peaks. That includes Glacial Point, pictured above, which rises over 7,200
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Tax Payers First Act Brings Welcome Reforms to IRS Appeals Process

Few things induce gut-churning panic faster than notice of an IRS audit. It’s a fear to which no taxpayer is immune. But thankfully, the recent passing of the Taxpayer First Act (TFA) is bringing some solace to taxpayers grappling with an IRS audit. Particularly for those appealing an audit. Internal Revenue Service Independent Office of Appeals To begin with, the TFA establishes the Internal Revenue Service Independent Office of Appeals. This new administrative body is
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Tax Reform Highlights – Individual Provisions

Although some have criticized the process, priorities, and policies used in the formulation of this major tax system overhaul, we in the tax and accounting industry anticipated action. After several iterations, we finally got our wish for something—anything—in concrete so that we could get tax plans in place before year end and have answers to the many questions that our clients are asking about what tax reform does to their 2018 tax bill. On December
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Congress extends Medicaid and education funding at expense of multinational corporations

Just read an excellent update on the new bill that passed on 8/10/2010 in the House, still subject to Senate vote.  Quick summary: Medicaid / Education funding for states passed Continual erosion of ability to get foreign tax credits for multinationals or even taxpayers with multiple foreign corps.  Foreign tax credits prevent the double taxation of US and foreign taxes.  For example if your US corp owns a UK corp, that US corp may have
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