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... 
by Edwin del Carpio | Jul 20, 2023 | Small Business
Are you a small business owner searching for ways to optimize your tax strategy? Consider the powerful combination of utilizing an LLC to own and operate your business while benefiting from tax treatment as an S corporation. This article will explore the advantages of...
