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.
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?
Here are several ways that savvy investors can reduce their tax bills while boosting their after-tax investment returns.
Do you know what capital gains tax is, when it applies, and how it can be handled? Let’s get right to it.
Owning an asset for more than one year before you sell is the key to paying less in capital gains tax. Know your capital gains tax rate!
An explainer on the best way to reduce taxes on your investments. Also, answering listener questions about what to do with a massive inheritance and about tax-gain harvesting.
When you begin investing, you're going to have to start paying more in taxes. So, let's go over each type of investment and how it is taxed.
What should you do with legacy holdings you no longer want? Sell them and pay the taxes? Hold them for a while longer? Here's our advice.
I don't usually learn much from most financial books but this one's an exception. Chances are you'll find tips to reduce your tax burden too.
Phil Demuth, author of "The Affluent Investor", joins us today to identify the best tax-reducing tactics that will make the most impact on your portfolio.
Those who suggest doctors in their peak earnings years should make Roth 401(k) contributions, do Roth conversions, or worse, avoid tax-deferred accounts altogether are either ignorant or selling something.
Want to pay zero taxes in retirement? It's amazing what an understanding of the tax code plus the use of tax-protected accounts can do.
If you're making substantial contributions to your individual 401(k) you'll most likely need to fill out form 5500-EZ. Do something better with a few hundred bucks then paying an accountant to file it. With this step by step tutorial, it's easy to do on your own.
Physician on FIRE talks about correcting his poorly thought out taxable portfolio. Luckily, his charitable desires helped him out in his dilemma with the tax man.
This Net Unrealized Appreciation strategy is a way to save tax dollars on the shares of your company stock inside your 401(k). It may be a great idea for you, but run the numbers first.