There is a lot of talk right now about itemized deductions. Remember itemized deductions? Those great deductions on Schedule A for taxes, interest, charitable donations and investment expenses?
The Issue: The states are all short on funds with the current condition of the economy. As a result, they are aggressively going after any business that makes sales in their state and has not been collecting sales tax.
Many of you have spent thousands of dollars on seminars in the past few years. One of the more common questions I get when I am speaking at a seminar or later when I am doing a tax evaluation is whether the cost of these seminars is deductible.
One of the great books of all time is “How a Man Thinketh” by James Allen. The premise of this book is that we will do according as we think. And we will never do something that is not first a part of our thought process.
During my presentation, I mentioned a prospective client whose entity structure was likely to cost him over $200,000 in taxes if all he did was refinance his real estate.
Early this morning I arrived in Calgary, Alberta, Canada to teach at Greg Hasbritt’s Master Wealth real estate seminar. My topic? U.S. tax strategies.
Many clients of ProVision have chosen as their preferred growth asset category stock and option trading. When done properly and with the right set of systems, this category and be very lucrative.
We all know how important reducing taxes can be for our family finances, especially in these difficult times. But are some tax strategies better than others?
We received an interesting email from a long-time client today. She asked to be removed from our email list (though stay as a client) because she does not like our emphasis on reducing taxes.
Yesterday, my son, Sam, closed on his first home. Sam is a senior in high school and will attend the university next year.