Five Basic Estate Planning
The following information and opinions are provided courtesy of Wells Fargo Bank, N.A. A comprehensive estate plan involves more than...
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ANA B. GARCIA
Certified Public Accountant
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Ana B. Garcia
- Jul 18, 2022
- 3 min
5 Tips For a Smooth 1031 Exchange
Many real estate investors know that when they do an exchange, they can’t touch the money, they have to identify what they are going to...
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Ana B. Garcia
- Mar 31, 2022
- 3 min
Depreciating your vehicle on your taxes
What you need to know about the business vehicle depreciation deduction You must use the actual expense method for vehicle depreciation...
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Ana B. Garcia
- Jun 18, 2020
- 3 min
All About a Backdoor Roth IRA
If you have never heard of a retirement planning strategy known to many as the “Back-Door Roth,” it is time you find out. What is it? Why...
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Ana B. Garcia
- Feb 24, 2019
- 5 min
9 Penalty-Free IRA Withdrawals
The contributions you make to your IRA are intended to supplement your income during your retirement years. However, as much as you would...
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Ana B. Garcia
- Nov 1, 2018
- 4 min
Tax Reform Is a Windfall for Syndications
The new tax law benefits REIT investors, also called syndication investors, more than it does the real estate investment trusts...
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Ana B. Garcia
- Oct 26, 2018
- 4 min
Tax Tips: What tax reform means for the construction industry
Construction contractors have many tax reform measures to evaluate as they work to stay compliant with the law and minimize tax exposure....
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Ana B. Garcia
- Oct 16, 2018
- 2 min
Sale of Residence - Real Estate Tax Tips
You may qualify to exclude from your income all or part of any gain from the sale of your main home. Your main home is the one in which...
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Ana B. Garcia
- Oct 9, 2018
- 2 min
How do US corporate tax rates compare globally?
The tax reform package that became law late last year had substantial impacts on American taxpayers. Major changes to the standard...
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Ana B. Garcia
- Oct 9, 2018
- 2 min
A Tax Guide for U.S. Immigrants
One of the most significant learning curves immigrants must climb is the U.S. tax system. Fortunately there are a few key points that can...
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Ana B. Garcia
- Oct 9, 2018
- 3 min
The Best and Worst States for Property Taxes
Median state tax rates can vary considerably. Looking for a state that doesn't have a property tax is like grabbing binoculars to watch...
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Ana B. Garcia
- Oct 5, 2018
- 4 min
Tax Reform's Positive Impact on the Construction Industry
Congress recently passed the most significant tax reform legislation since 1986. The Tax Cuts and Jobs Act, approved in late 2017, should...
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Ana B. Garcia
- Oct 3, 2018
- 4 min
Being Married and Filing Taxes Jointly
The Pros and Cons of Filing a Joint Married Return The Internal Revenue Service doesn't force married couples to file joint income tax...
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Ana B. Garcia
- Oct 2, 2018
- 6 min
Understanding Sales Tax Rules for the Construction Industry
Although most states do not impose sales tax on construction services, contractors must be aware sales tax rules when they purchase and...
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Ana B. Garcia
- Oct 1, 2018
- 7 min
Investing Using “Subject-To”
Claiming The Tax Benefits One great real estate investing strategy which requires no credit and sometimes little or no money is to take...
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Ana B. Garcia
- Oct 1, 2018
- 17 min
Land Trust Agreements In-Depth Look
First, what is a land trust? Under a land trust agreement, a Trustee holds title to a property for the benefit of the beneficiary. The...
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Ana B. Garcia
- Oct 1, 2018
- 3 min
What Investors Need to Know About Unrelated Business Income Tax (UBIT)
Unrelated Business Income Tax (UBIT) was created by the congress to level the playing field for businesses established under the umbrella...
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Ana B. Garcia
- Sep 27, 2018
- 4 min
Tricks to save money on your property taxes
Forget about keeping up with the Joneses. This time of year you want your house to be as crummy as possible. Why? Because it’s property...
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Ana B. Garcia
- Sep 26, 2018
- 3 min
Tax Breaks for Homeowners: What's Still Deductible, and What's Not
One of the most highly touted benefits of homeownership has traditionally been the write-offs homeowners can claim to reduce their...
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Ana B. Garcia
- Sep 21, 2018
- 4 min
Four Ways To Cut Your Taxes
Six out of 10 affluent adults expect to change their financial plans due to new tax law. The estate and gifting exemption is up to about...
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