Whether you are an active or passive income earner, here are several ways that you can reduce your income taxes. When it comes to your finances, knowledge is power. Stay informed and be sure to consult with a tax advisor if you have any questions.
Category Archives: Taxes
How to Defer and Reduce Capital Gains Taxes on Investments
There are several strategies you can use to defer, reduce, and eliminate capital gains tax on real property and other assets. 1031 Exchanges, Delaware Statutory Trusts, Opportunity Zone Funds, and Installment Sales are just a few options to discuss with a trusted financial advisor.
5 Common Tax Planning Mistakes
Over the past few weeks, I’ve been asking my clients to send me their most recent tax return. By looking through their returns for missed opportunities and mistakes, there’s a few patterns I’ve noticed.
Minimizing Taxes with Private Annuities
A private annuity arrangement supplies the annuitant with a stable retirement income, keeps assets within the family, and minimizes the tax burden for heirs.