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Loopholes

Discount for Lack of Marketability

On May 14, 2015   /   Estate Planning Taxes, Estate Planning Tips, LLC and Taxes, Loopholes, Managing Your Estate, Small Businesses, Tax Tips   /   Leave a comment
Discount for Lack of Marketability

There is a concept in estate and tax planning called Discount for Lack of Marketability. Basically, it says that assets in a company are not as valuable as assets owned directly by a person.  This can save a family a ton of money in estate taxes if

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Tax Evasion Convictions Are a Disaster

On June 3, 2013   /   Loopholes, Tax Planning, Tax Tips   /   Leave a comment

Tax evasion is not a term you look up hoping to save money on your taxes. If you are planning to evade taxes sooner or later you will find yourself in serious legal trouble. Tax evasion or tax fraud, is the purposeful and illegal attempt to evade

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Small Business Taxes–Deductions Are Important

On December 3, 2012   /   Loopholes, Tax Planning, Tax Tips, Taxes   /   Leave a comment

Small business tax deductions can save a great deal of money on taxes.  I have always said that your own small business can be your best tax deduction.   The other day I mentioned this at my Arizona Boot Camp. One of the attendees mentioned that starting a

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Adjusted Gross Income-Tax Tips That Work Above the Line

On September 24, 2012   /   Business Formation, LLC Formation, Loopholes, Tax Planning, Taxes   /   Leave a comment

Adjusted gross income is something you may not understand, and yet it is the number or tax concept that is at the core of how much you pay in taxes each year. Tax tips that will lower your adjusted gross income are a lot more valuable than

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