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Tax and Financial Planning

Popular tax myths

Ever heard that owning a home or a business is a "tax paradise?" Or that you can pay taxes 4 months after April 15th? Or that smart people are never audited? Read on!

LLC? LP? Corporation? - What should I choose?

Ask a traditional CPA, and she will probably say - corporation. Ask a seasoned investor, and he will likely mention an LLC, maybe an LP. Out-of-town crooked promoters will try to sell you Nevada entities. Who is right?

October 15 deadline: Procrastinator's Guide

Your paperwork is still not ready, and will not be ready by October 15th. Where does it leave you? What to do? First, you are not going to jail. Well, technically, if you do not file...

December is the tax month!

Who wants to think about taxes during the Holiday season? Only those investors who want to save on taxes! You may be surprised, but December is the most important month for tax savings. You know why?

NEW: Property tax bill - December or January?

Should I pay my property tax bill in December or January? Well, the answer is not that easy. Your residence, your rentals, your flips - there is a lot of rules and complications.