Can My S Corp Buy My House?
An S corp can be a valuable structure for a business, offering streamlined operations and some potential tax advantages. An S corporation has less than 100 shareholders and can be a sole proprietorship or a larger company. This entity does not pay federal income taxes at the corporate level but instead passes income or losses to shareholders to be reported on their returns. However, some states require S corporations to pay income taxes, including New York and California.
Estate Planning: What It Is, What It Costs, Finding the Right Attorney & More
There’s one eventuality that no one can escape: death. As morbid as it may sound, you have to prepare for your ultimate passing, especially if you have assets that you want to protect or bequeath after you pass away. Planning for the future may be daunting, but there’s a practice that helps streamline this process: estate planning.
Does Retirement Income Affect Unemployment Benefits?
Retirees often have multiple sources of income. These can include Social Security benefits, pension plans, individual retirement accounts, brokerage, and other investment accounts. They can also even include side hustles like driving for Uber or Lyft.
What Assets Get a Step-Up in Basis at Death?
Valuing a person’s estate when they die can be a complex issue. This is especially true if they have held certain assets for a long time and those assets have realized significant capital appreciation.
Can You 1031 Exchange Into A Property You Already Own?
Generally, a 1031 exchange on a property you already own cannot be done, but with some creativity, there are some ways around it.
Real Estate Investment Risk: What You Need To Consider
Investing in real estate has long been recognized as a means to build wealth and generate a steady income — and for many investors, real estate properties are the main assets in their portfolios. However, this doesn’t mean that real estate doesn’t have any risks. In fact, there are several types of risks associated with this industry. Understanding each of these challenges is critical to ensure protection for your capital, increase the potential for high returns, and decrease the chance of loss.
