Posts made in February, 2017


Choosing the right tax strategy depends on understanding your options and how those options are shaped by the way certain activities are characterized or treated for tax purposes. The tax code is full of tests that determine how activities are characterized and how gains or losses are treated. Following are important tax concepts that should give you the vocabulary necessary to make the most of the strategies available to all tax...

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Yes, a US LLC can be owned entirely by foreign persons. The state of Florida is one of the most common states used to incorporate and in Florida the taxes, management costs and formations costs are usually less than in many other jurisdictions. Since Florida, and Miami in particular, attract foreigners to invest and live, there are advantages and disadvantages of incorporating an LLC with foreign members. When there is a foreign...

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  Our tax law puts your income and deductions into three separate buckets for tax purposes. Each bucket has its own rules and regulations. These are the three buckets: 1. Passive 2. Portfolio 3. Active   A real estate rental is automatically in the passive bucket if you do not qualify as a real estate professional. If your real estate rental is in the passive bucket, the bucket has a lid on it that limits rental property loss...

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Pricing strategy many times does not receive the importance it deserves. Not properly pricing your product most likely lead you to bankrupting your business. When developing their marketing plan, entrepreneurs skim over the pricing strategy: I wonder how is it that the decision is made about how and to whom they will market their product. Your pricing strategy could vary when selling a product or service. For example, your pricing...

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