by Edwin del Carpio | Jan 8, 2025 | Real Estate Tax Planning
Understanding the IRS Real Estate Professional DesignationKey BenefitsWho Should Pursue This Designation?Key Qualification CriteriaWhat Is Material Participation?Detailed Record-Keeping: A Key to ComplianceBenefits and Risks of the DesignationAudit Risks and How to... 
by Edwin del Carpio | Nov 26, 2024 | Tax Deductions
1. Invest in Your Kids to Take Advantage of Their Tax Brackets2. Use the 10-T Election for Mortgage Interest Deductions3. Add Property Taxes to Cost Basis with the Section 266 Election4. Invest in Municipal Bonds for Tax-Free Income5. Open a 529 Plan for Education and... 
by Edwin del Carpio | Oct 27, 2024 | Small Business
Effective Small Business Tax Strategies for 20241. Choosing the Right Business Structure for Optimal Tax Savings2. Leveraging the 12-Month Rule for Expense Planning3. Business Tax Credits You Can Claim in 2024Case Study: Maximizing the Work Opportunity Tax Credit4.... 
by Edwin del Carpio | Oct 11, 2024 | Personal Finances
Tax Planning: A Powerful Tool for W-2 Employees1. Review Your Employee Handbook for Tax-Saving Opportunities2. Maximize Contributions to Qualified Retirement Plans3. Utilize Dependent Care Assistance Programs4. Take Advantage of Employer Education Assistance... 
by Edwin del Carpio | Sep 26, 2024 | Tax Deductions
Stay Ahead with Proactive Retirement Tax Planning Tax law changes can significantly impact retirement planning, requiring financial professionals to pivot strategies that once worked smoothly. As a CPA or financial advisor, staying informed and proactive is essential...
