Ideas to increase and protect your wealth
Article Abstract:
Verbal instructions regarding the rollover of investments are risky since they are liable to misinterpretation. It is always prudent to give instructions to the bank in writing so that a tangible record exists. Also, renting out a second home may not be as profitable as it seems to be. Putting a vacation home on lease cancels out tax deductions. Limited liability companies (LLC) are subject to taxation in the same way as partnerships. However, the LLC's income and expenditures are assumed by the proprietors and declared as personal income.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
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Case study: what is the real value of that sale, purchase or investment?
Article Abstract:
Business owners involved in an installment sale negotiation should consider the risks accompanying the deal and the advantages or disadvantages of the deferred payout scheme. It is always safe to opt for a 15% interest rate. However, the total annual cash inflows from the sale must be determined first before a 15% interest rate can be applied. Business owners should consult with their accountant first to make sure that the installment sale transaction will be to their advantage.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1995
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32 ideas to protect your home's deductions, exclusions, and its value
Article Abstract:
Correct home ownership management is essential to protect the most valuable asset anyone can own. In providing adequate home protection interest, points and penalties, capital gains tax exclusion and recordkeeping and cost basis, must be considered. Also, home owners could employ insurance policies, home improvement files, supporting documents, legal residence proofs in protecting home cost basis and deductions.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1998
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