Guerilla Asset Protection
Some Experts Revel In The Fight To Keep What They Have Earned And Away from the "predators".
Pat Tarr Asset Protection
Pat is an attorney.
Taxes and Asset Protection
Protect what you own from the IRS.
Mark Warda and the Land Trust
Mark is a non practising attorney who is an expert in Florida's statutory Land Trusts.
Larry Harbolt and the Land Trust
Larry is a former plumber turned real estate investor who is pretty savvy on asset protection.
Bankruptcy
A brief examination of Bankruptcy As A Way Of Protecting Yourself From Financial Ruin
Wills, Probate And Trusts
A brief examination of Wills As A Way Of Making Sure Who Gets It When You Are Gone
William Bronchick
A Guru Who Has Written Some Good Books Including One On Wealth Protection Secrets
Entities
Sole Proprietorships Partnerships LLCs Corporations
What Structures Are Available To Help Protect Your Assets
Limited Liability Companies (LLCs) in Florida
Information About The LLC Entity In FL
Miscellaneous Real Estate Asset Protection Issues
Notes About Various Asset Protection Techniques
Real Estate Asset Protection Blog
For the latest news on protecting your real estate assets.
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Real Estate Asset Protection Home Page
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create an entity that leases back your assets to you, so you don't own
anything.
mytaxplanningmentor.com
rents and royalties are taxed differently to earned income
stop thinking like individuals and start thinking like entities
pass thru entities
icome and tax liability are passed thru to owners
taxes are paid by owners (after all expenses deducted) sect 162 "Ordinary
and Necessary"
you can change income from earned to unearned income (not subject to FICA)
C-Corporation 0-50K pays 15%
Corp can expense assets rather than amortizing the depreciation
Bigger retirement plans
Operate multiple businesses
Business deductions
Operate in a tax free state
sect 280A
$5250 in unrelated business expenses can be deducted
meals and entertainment within 24 hours of a business discussion i.e both
ways means 48 hours!
Leslie Jones, CPA prefers to lodge amended returns a couple of weeks before April 15, so that they don't show up on the radar. Note that there is a deadline of four years after the return is originally lodged, to lodge the amended version. So if you lodge a return on March 29, 2003, then you have until March 29, 2007 to lodge the amended tax return.
If you own and live in a multiplex, it is possible that you may be able to claim all the expenses on it, such as depreciation, at the same time as taking advantage of homesteading and the other concessions of owning a home. The drawback is that you may have some capital gains consequences that you normally wouldn't have on a owner occupied home.
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