In my experience, too many people don’t think through asset and tax planning strategically, particularly when it comes to buying and selling their various properties. This results in lost opportunities to apply the tax law to your maximum benefit.

There are clauses, though, within the tax code that may provide relief. You just have to know where to look, as the IRS is not in the business of pointing out the parts of the code that limit revenue collection!

Too many taxpayers function in needless fear. They think that if they do anything to reduce taxes, they will raise the roar of the Internal Revenue Service and be attacked.