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TaxWealth - Articles

Financial Health

Texas Apartment Owner Sells – Defers Taxes Due Without 1031…

The tax deferral method most investment property owners use is the 1031 exchange. This IRS code tool encourages more active management…

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Financial Health

State and Local Tax Impacts on a Business Sale

Tax implications triggered by the sale of a business can get complicated when you add state-based…

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Financial Health

Strategic vs. Tactical Tax Planning

If you search online for “tax planning” advice, you get a lot of information on the tactical management of tax…

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Financial Health

Cost Segregation: A Highly Valuable Tax-Saving Tool

Cost segregation is a tax-saving tactic that segments certain components of improved property you own by “class” or type of…

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Financial Health

Are You a Savvy Taxpayer or a Plucked Goose?

Tax season for most CPAs begins in January and ends April 15th. Businesses and individuals have received most of their…

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Financial Health

What is Net Investment Income Tax?

As I have mentioned in past columns, the traditional capital gains tax is not the only…

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Tax Benefits

Dentist Sells Practice After 30 Years – Defers Taxes Due…

The sale of a long-running business usually triggers a big tax bill, and small business owners often struggle to cover…

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Financial Health

Tax Strategies for the Super-Rich Can Also Apply to the…

An article appeared in the New York Times about how the “super-rich” use their money and influence to appropriately…

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Financial Health

IRS Audits vs. Tax Planning – Tax Planning Offers You…

Did you know that statistics can offer some very interesting insights about probabilities?  Take, for example, the probability of you…

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Estate Planning

IRS Seeks to Limit Minority-Interest Estate Tax Moves

For years the IRS has been asking Congress to close a number of loopholes in tax law through which savvy…

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