by Tom Wheelwright | Apr 4, 2016 | Tax Strategy
A like kind exchange, also referred to as a 1031 or Starker exchange, allows a taxpayer to defer paying tax on the sale of a property. Like kind exchanges are wonderful and powerful tools to use in tax and wealth strategies when used correctly. If like kind exchanges...
by Tom Wheelwright | Mar 16, 2016 | Tax Strategy
Find out which tax laws could benefit your business this tax season. Click here to read the full article in the March 2016 edition of Boss Magazine.
by Tom Wheelwright | Feb 27, 2016 | Tax Strategy
I've been involved in the tax return preparation process for 30 years. During those years, I've come across many myths that people believe about tax preparation. Today, I'll share the top myths I hear about tax return preparation and why they are not true. Myth #1: A...
by Tom Wheelwright | Feb 9, 2016 | Tax Strategy
Listen in on my interview with WFME Radio as I share how to maximize year-end charitable deductions and walk through the tax filing process. Click here to listen to the full interview.
by Tom Wheelwright | Jan 21, 2016 | Tax Strategy
I recently spoke with Wealth Factory’s Garrett Gunderson to share why audits don't have to be the scary event they are often made out to be. Click here to read the full article.
by Tom Wheelwright | Nov 4, 2015 | Tax Strategy
Year end is an important time in a tax strategy because once the year has ended, some tax opportunities are lost forever. Here's a checklist to make sure you get the best results from your year end tax planning. #1 Get your bookkeeping current Bookkeeping impacts...
by Tom Wheelwright | Oct 18, 2015 | Tax Strategy
I recently chatted with Joe Cucchiara, host of Real Estate Radio LIVE, about: Sheltering cash flow using depreciation. Exploring tax deferred exchanges. Becoming an investor in the Bay Area where prices are high. Investing strategies that ultimately cause failure....
by Tom Wheelwright | Sep 25, 2015 | Tax Strategy
This is what I shared on The Best Real Estate Investing Advice Ever Show with Joe Fairless. Click here to listen to the show. I had a fun time with Joe Fairless as we unfolded the complications and misunderstandings of IRAs and how they do NOT benefit all forms of...
by Tom Wheelwright | Jun 21, 2015 | Tax Strategy
“Never, ever speak to the IRS yourself. Always have your tax professional do that for you,” cautioned Tom Wheelwright, a Tempe, Arizona, CPA. This is a quote from me in an article about how to prepare for a tax audit. Click here to read the full...
