Don’t Get Burned Claiming Real Estate Professional Status (REPS) You Don’t Deserve
Getting yourself eligible for Real Estate Professional Status (REPS) is a huge tax advantage. But it's certainly not easy to qualify.
Getting yourself eligible for Real Estate Professional Status (REPS) is a huge tax advantage. But it's certainly not easy to qualify.
Here are 10 practical tips for how to tax-loss harvest if you have significant amounts of money in your taxable account.
Now that the Inflation Reduction Act has been passed by Congress and signed by President Biden, here's what it means for high earners.
Answering reader questions about VTSAX losses, tax code changes, and Roth conversions in retirement. Plus, an interview with Kenji and Leti of the Zero To Freedom real estate course.
Answering reader questions about wash-sale rules, how tax-loss harvesting affects capital gains, and whether you should take out a physician loan when buying a house.
The SALT Cap has been a real bummer for those who pay high state income taxes. But a loophole has been found and passed by several states.
Though most people only consider income tax when doing tax planning, it becomes much more complicated when an irrevocable trust is involved.
Should you lease or buy a car specifically for your business or should you just take the tax deduction from the car you already own?
We didn't mean to turn our residence into a rental property. But sometimes your plans change. Here's how we became accidental landlords.
Tax-loss harvesting is one way to get rid of losing investments and to get paid back on Tax Day. But is it really the right move to make?
Let the government share in your investment losses. Here is a step-by-step guide to tax-loss harvesting so you can take advantage of market downturns.
Many doctors pay way too much in taxes. Here are some tips to lower your IRS bill with a variety of potential deductions.
Just because you're ultra-wealthy doesn't mean you'll have a big IRS bill. Here's how some rich people could avoid paying much in taxes.
If you work as an independent contractor, you're supposed to pay your taxes four times a year. But what happens if you miss a payment?
This popular post explains what whole life insurance is and the various methods salesmen use to sell it to you (usually inappropriately). Be forearmed!