Tax planning ideas for individuals, businesses, estates and trusts, Ideas for building an extraordinary business, News about Financial Insider Weekly television series episodes
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This week’s interview on Financial Insider Weekly is with attorney William Mahan about the mechanics of Real Estate Short Sales and Foreclosures in California
Tags: california, estate, foreclosure, real, sale, short
Lamaar Baxter of Entrust and Michael Gray, CPA will discuss When Self-Directed IRAs and Roths Must Pay Income Taxes at “meetings before the meetings” for the San Jose Real Estate Investors Association on 10/6 & 10/7.
Tags: business, ira, planning, roth, Tax matters, UBIT, UBTI, unrelated
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Wednesday, August 18, is with attorney and CPA Scott Haislet. We discuss Scott’s experiences helping clients with real estate short sales and foreclosures. The interview will be broadcast at 7:00 p.m. Pacific Time on Comcast Channel 15 in [...]
Tags: estate, foreclosure, real, sale, short, Tax matters
This week’s interview on Financial Insider Weekly is with attorney and CPA Scott Haislet about income tax rules for the sale of a principal residence.
Tags: home, residence, sale, Tax matters
This week’s interview on Financial Insider Weekly is with attorney and CPA Scott Haislet about tax deferred (1031) exchanges.
Tags: 1031, estate, exchange, real, Tax matters
This week’s interview on Financial Insider Weekly is with attorney Michael Malte about what you should know about bankruptcy for individuals.
Tags: bankrupt, foreclosure, sale, short
This week’s interview on Financial Insider Weekly is with Craig Martin, CFP of The Family Wealth Consulting Group. We talk about real etate as an investment alternative for a risk-managed portfolio.
Tags: estate, investment, portfolio, real
California has adopted tax credits for new home purchases and first-time homebuyers. The credits are available for qualified taxpayers who purchase a qualified residence on or after May 1, 2010 and before January 1, 2011. Since there are ceilings on the total credits available for all taxpayers, it will be wise to apply for them early.
Tags: california, credit, estate, home, real, Tax matters
According to Revenue Ruling 92-92 and page 3 of IRS Publication 4681, cancellation of debt attributable to passive activity expenditures, such as purchase of the rental property, is passive activity income. For a rental property, the debt cancellation income should be included on line 3 of Schedule E as “rental income” for the property.
Tags: cancel, debt, foreclosure, sale, short
On this week’s Financial Insider Weekly interview to be broadcast in San Jose and Campbell May 5 we discuss California real estate change of ownership rules as they relate to estate planning and business tax planning.
Tags: california, estate, real, reassessment