by Al Aiello, CPA, MS Taxation | Dec 9, 2013 | Real Estate Tax Strategies
The Best Tax Deductions The best tax deductions are those that do not require cash outlay, yet generate tax savings for you while the property is still generating a positive cash flow and appreciating. A prime example is rental property depreciation, which is a...
by Al Aiello, CPA, MS Taxation | Nov 19, 2013 | Real Estate Tax Strategies
When you get into “selling” scenarios (like wholesaling, retailing, options, lease options), the IRS (or your CPA) may try to classify you as a real estate “dealer.” Being tagged as a “dealer” could be a financial disaster because unlike a real...
by Al Aiello, CPA, MS Taxation | Nov 4, 2013 | Asset Protection, Miscellaneous
A trust is a legal arrangement or entity to hold, manage, control, privatize, protect, or take care of property in certain special ways. Trusts are not publicly created by a state corporate bureau, but by private written contracts between two parties – the...
by Al Aiello, CPA, MS Taxation | Oct 7, 2013 | Asset Protection, Real Estate Tax Strategies
“My lawyer told me umbrella insurance is enough to protect me, so I don’t need an LLC.” ~ An ill-advised Real Estate Investor With lawyers like the above, who needs enemies? You should absolutely have liability insurance. But insurance doesn’t protect you...
by Al Aiello, CPA, MS Taxation | Jun 25, 2013 | Asset Protection, Real Estate Investor Resources, Real Estate Tax Strategies
Asset protection is more important now than ever before because there are 82,000 lawsuits filed DAILY with real estate being a BIG target. There are numerous vehicles to protect you – LLCs, trusts, insurance – including combinations of these. Equity Stripping...
