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While real estate may hold great value, many real estate purchases end up feeling more like the Money Pit when investors discover all the money they invested in their commercial real estate is not tax deductible in the year paid.
The battle of supremacy between S & C corporations continues to rage with the new tax law changes.
State and local taxes (SALT) are often more complex than the IRS tax law and represent one of the largest compliance burdens that a business faces.
Investing can teach kids about the time value of money, the importance of patience, and the rise and fall of business success. But it can also deliver a harsh lesson to parents who aren’t fully prepared for the tax impact.
One of the great things about setting up a home office is that you can make it as comfy as possible. And the other is Home Office Deduction