Ana B. GarciaMar 313 minDepreciating your vehicle on your taxesWhat you need to know about the business vehicle depreciation deduction You must use the actual expense method for vehicle depreciation...
Ana B. GarciaJun 18, 20203 minAll About a Backdoor Roth IRAIf 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...
Ana B. GarciaFeb 25, 20195 min9 Penalty-Free IRA WithdrawalsThe contributions you make to your IRA are intended to supplement your income during your retirement years. However, as much as you would...
Ana B. GarciaNov 1, 20184 minTax Reform Is a Windfall for REIT InvestorsThe new tax law benefits REIT investors more than it does the real estate investment trusts themselves. REAL ESTATE HAS traditionally...
Ana B. GarciaOct 26, 20184 minTax Tips: What tax reform means for the construction industryConstruction contractors have many tax reform measures to evaluate as they work to stay compliant with the law and minimize tax exposure....
Ana B. GarciaOct 16, 20182 minSale of Residence - Real Estate Tax TipsYou 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...
Ana B. GarciaOct 9, 20182 minHow 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...
Ana B. GarciaOct 9, 20182 minA Tax Guide for U.S. ImmigrantsOne of the most significant learning curves immigrants must climb is the U.S. tax system. Fortunately there are a few key points that can...
Ana B. GarciaOct 9, 20183 minThe Best and Worst States for Property TaxesMedian state tax rates can vary considerably. Looking for a state that doesn't have a property tax is like grabbing binoculars to watch...
Ana B. GarciaOct 5, 20184 minTax Reform's Positive Impact on the Construction IndustryCongress recently passed the most significant tax reform legislation since 1986. The Tax Cuts and Jobs Act, approved in late 2017, should...
Ana B. GarciaOct 3, 20184 minBeing Married and Filing Taxes JointlyThe Pros and Cons of Filing a Joint Married Return The Internal Revenue Service doesn't force married couples to file joint income tax...
Ana B. GarciaOct 2, 20186 minUnderstanding Sales Tax Rules for the Construction IndustryAlthough most states do not impose sales tax on construction services, contractors must be aware sales tax rules when they purchase and...
Ana B. GarciaOct 1, 20187 minInvesting 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...
Ana B. GarciaOct 1, 201817 minLand Trust Agreements In-Depth LookFirst, what is a land trust? Under a land trust agreement, a Trustee holds title to a property for the benefit of the beneficiary. The...
Ana B. GarciaOct 1, 20183 minWhat 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...
Ana B. GarciaSep 27, 20184 minTricks to save money on your property taxesForget 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...
Ana B. GarciaSep 26, 20183 minTax Breaks for Homeowners: What's Still Deductible, and What's NotOne of the most highly touted benefits of homeownership has traditionally been the write-offs homeowners can claim to reduce their...
Ana B. GarciaSep 21, 20184 minFour Ways To Cut Your TaxesSix 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...
Ana B. GarciaSep 20, 20186 minList of Common Expenses and Tax Deductions for Construction Workers and ContractorsWith the rigors of physical labor and the headaches of compliance regulations, most construction workers would appreciate a break after a...
Ana B. GarciaSep 18, 20184 minTax Facts Mixed With IRS Tax Fiction You Need To KnowThe 2018 filing season kicked off on January 29, 2018. Before all is said and done, the Internal Revenue Service (IRS) anticipates...