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TaxWealth - Articles

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

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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Tax Benefits

Asking for a Second Opinion Unlocks Great Tax Benefits

Our U.S. Tax Code is complex and multi-layered, with federal, state and local statutes competing to take their share of…

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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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Financial Health

Real Estate Developer-to-Investor Status Switch Didn’t Fly with IRS

Developing an action plan to maximize the profit you keep in your pocket in anticipation of a coming tax bill…

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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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Baby Boomers

The Great Sale of Baby Boomer Businesses Has Begun

Baby Boomers, that energetic group of people born between 1946 and 1964, are embarking on a great transfer of wealth…

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Financial Health

Crime Does Not Pay – Save on Taxes the Legal…

It distresses me to see a continuing stream of headlines in the financial media about tax cheats. Just recently two…

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Tax Planning

Tax Planning: A Definition

Tax planning is the work that you do to arrange your personal and professional activities and assets in ways that…

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Tax Planning

Three Questions to Ask Your Tax Planner in Early December

The tax code makes some very complex distinctions between expenditures, and by doing the homework about which tax regulations apply…

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