Author: Greg Kenworthy
Shifting Capital Gains to Your Children
If you’re an investor looking to save tax dollars, your kids might be able to help you out. Giving appreciated stock or other investments to your children can minimize the impact of capital gains taxes. For this strategy to work best, however, your child must...
6 Tax Benefits of Homeownership
Here are our top 6 Tax Benefits of Homeownership 1. Mortgage Interest Deduction Mortgage interest paid during the year is an income tax deduction. For many people this could be a huge deduction. 2. Points Paid The first year you buy your home you are able to claim the...
Tax Consequences of Leasing Property to Your Business
If you own property and a business, there’s an obvious temptation to lease that property to the business. Such an arrangement can make sense from many perspectives. You’re no doubt familiar with the property and its advantages to your company; the deal...