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Redefining Tax Strategy Beyond Retirement Savings: Unveiling the Full Potential of Tax Planning

CTP

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. It’s a widespread belief, but it barely scratches the surface of what tax planning can do. So, keep an open mind as you read on.

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How to Pay ZERO in Taxes with Real Estate

LyfeAccounting

So I decided to take a deeper look into it and share how you could also pay very little in taxes with real estate. Stay tuned as today, we’re taking a look at how you can pay very little in taxes with real estate, legally. Know the game and increase your chances of dominating the game.

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Navigate tax season with these resources for accountants

ThomsonReuters

Enter: Thomson Reuters Tax Season Toolkit. This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. Breeze through tax season easily with our comprehensive year-end tax season toolkit. What’s new? •

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Estate Tax – Current Law, 2026, Biden Tax Proposal

KROST

But the consensus was that the President would not be able to implement much of his agenda because Republicans in the Senate were going to block most of his tax proposals. But now that Democrats control both the House and the Senate for at least the next two years, Biden’s tax plans have taken on new life. Venturelli, Esq.,

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Top 5 Write Offs for New LLCs in 2021

LyfeAccounting

real estate taxes. So here’s a bonus tip that will save you thousands of dollars in taxes – getting S-Corp status! Once your LLC is growing, making a profit, and is your sole source of income, then you’re deep in this entrepreneurial game. in self-employment taxes! mortgage interest. maintenance.

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10 Tips on How To Avoid Paying Taxes in 2022 Legally

LyfeAccounting

Now listen, even if you are not able to avoid taxes today or in 2022, or even 2025… …you can still start right now, acquire assets, get passive income and eventually, be able to avoid paying taxes because of the next tip. Then your tax report will show you had a loss. When you buy art, it can be a tax write-off.

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How to Write Off Your Dream Car Tax Free in 2021

LyfeAccounting

Like a lot of real estate agents, product owners, and content creators, they want to purchase a vehicle for business purposes and just write off all the expenses. Now, this is the power of leveraging the tax code and why accountants and CPAs get paid so much money. If you want to play the tax game, you need to get into business.

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