Income Tax

Income tax is a tax levied by governments on individuals and businesses and serve as a source of revenue for governments that collect them. The Internal Revenue Service (IRS) collects income taxes and enforces the tax code.

The tax code offers individuals and businesses deductions and credits, which mean that most entities do not pay taxes on all income. For example, a taxpayer may earn $70,000 in a year but also be eligible for $15,000 in deductions, which will reduce that taxpayer’s taxable liability to $55,000. Similarly, businesses are able to reduce their tax liabilities by deducting operating and capital expenses.

Learn Ways to Help Reduce or Defer Real Estate Taxes

Tax-Deferred Strategies Using IPWM™
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Tax-Deferred Strategies Using IPWM™

Learn Ways to Help Reduce or Defer Real Estate Taxes

Learn how the principles of IPWM™ can help you create a tax-deferred investment strategy.

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