by Tom Wheelwright | Mar 17, 2013 | Tax Strategy, Wealth Strategy
Can my IRA invest in real estate? This is one of the most popular questions I get – and it has been for several years. Though the real question to ask is SHOULD your IRA invest in real estate. While I'm all for self-directing the investments in your IRA, it is...
by Tom Wheelwright | Mar 7, 2013 | Tax Strategy, Wealth Strategy
All of my online courses are now available at Wealth Strategy U! I developed these courses as I worked with hundreds of clients to develop their wealth and tax strategies. Now they are available 24/7 through Wealth Strategy U. Learn more.
by Tom Wheelwright | Feb 27, 2013 | Tax Strategy
It's that time of year when many people are wondering who should prepare their tax return. Who prepares your tax return ABSOLUTELY matters. I recently blogged about this on the Rich Dad Advisors site. Click here to read it now
by Tom Wheelwright | Feb 9, 2013 | Tax Strategy
Your tax advisor should anticipate what you don’t know to ask so you can leverage their knowledge and experience. When a client comes to me or a member of the ProVision team with a specific question, like what type of entity to form, we typically find ourselves asking...
by Tom Wheelwright | Feb 1, 2013 | Tax Strategy, Wealth Strategy
I've been working on a resource to help business owners and investors get answers to their wealth and tax questions. I'm excited to announce that starting today, it is available on my new website: www.WealthStrategyU.com With this new resource, you can send me your...
by Tom Wheelwright | Nov 17, 2012 | Tax Strategy
A tax strategy is more than just wishing you could pay fewer taxes. A tax strategy ensures you pay the least amount of tax allowable by law, regardless of your business or investment situation. I'm often asked what is involved in creating a tax strategy. When it comes...
by Tom Wheelwright | Oct 29, 2012 | Tax Strategy
Real estate is one of my absolute favorite areas in the tax law because there is so much flexibility in how to do things to legally maximize the tax benefits available. Real estate is also one of the most complex areas of the tax law. This makes it easy to overlook...
by Tom Wheelwright | Sep 21, 2012 | Tax Strategy
I refer to inflation as a hidden tax because it can dramatically increase a person's taxes without that person ever realizing just how much more in taxes they are paying because of inflation. Inflation is the increase in price of goods and services over time. I was...
by Tom Wheelwright | Sep 7, 2012 | Tax Strategy
Never ever put a tax shelter investment inside another tax shelter. This is Rule #15 from my book Tax-Free Wealth. What many people don't realize is that this is exactly what they are doing when they invest in rental real estate through their retirement plan (like an...
by Tom Wheelwright | Aug 17, 2012 | Tax Strategy
I'm big on education. With education, your knowledge increases and your risk decreases. Taxes are a great example of this. As a person's knowledge about taxes increases, their risk of overpaying their tax decreases as does the risk of incurring penalties and interest....
