Tax-Deferral

There still may be time to cut your tax bill with an IRA

2021 Tax Return, AGI (Adjustable Gross Income), IRA, Retirement, Roth IRA, Simplified Employee Pension (SEP), Small Business Owners, Spousal IRA / Douglas Freeman

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until April 18, 2022, filing date, and benefit from the tax savings […]

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Defer tax with a like-kind exchange

Boot, Deferred Tax, Equipment, Investment, Real Estate, Section 1031 Exchange, Tax Cuts and Job Acts (TCJA) / Douglas Freeman

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With real estate prices up in some markets (and higher resulting tax bills), the like-kind

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