https://www.energysage.com/ The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. Learn more about how the ITC can help decrease your cost for a solar panel system. The investment tax credit, or ITC, will give you 30 percent of your solar costs back as a credit on your federal tax returns. You can think of this as a 30 percent discount on the costs of going solar. If you own your solar panel system, you are eligible for the ITC. However, you aren’t eligible if you lease your solar panels, or if you signed a power purchase agreement. There’s no cap on how much you can claim with the ITC, but because it’s a credit and not a refund, you can’t get more back in a single year than you owe in federal taxes. Instead, the remainder of your credit will roll over into the next year. Here’s an example: if your system cost $20,000, then you’re eligible for 30 percent of that as a tax credit, or $6,000. But if you only owe $5,000 in federal taxes that year, then you’ll eliminate all of those taxes, and still have $1,000 leftover for the next year. For more details on how this works, we recommend you talk to your tax advisor. Unfortunately, the ITC won’t be available forever – it shrinks from 30 percent to 26 percent in 2020, and disappears altogether for homeowners in 2023. Take advantage of it today, and start shopping for solar on EnergySage. Resources: Congress extends solar tax credit: http://bit.ly/2wtpQD1 Solar ITC explained: http://bit.ly/2way2bG How to claim the solar tax credit: http://bit.ly/2MOgHyT
Views: 11518 EnergySage
Stick around for 52 seconds - Cowan, Gunteski & Co., P.A.'s Corey Pignatello tells businesses and business owners how they can use the federal Business Energy Investment Tax Credit to save money.
Views: 20 Cowan, Gunteski & Co.
The Federal Investment Tax Credit (ITC) for solar energy is perhaps the best biggest incentive to go solar right now. Quite simply, you get a 30% tax credit off the cost of your system and any other work you need done to go solar if you purchase your system, either with cash or through a loan. Pick My Solar was founded on the idea that clarity and transparency was important in the solar industry. By creating an online marketplace for homeowners, Pick My Solar is able to drive down the costs of solar while still providing the homeowner with a customized solar system from the best installers in their area. It is our mission to simplify the process of going solar, drive down costs, and provide the consumer advocacy necessary for solar to achieve broad market success. Click here for instant cost and savings estimates. Check out our bid generator: https://pickmysolar.com/app/bid-generator. Be sure to visit https://pickmysolar.com for more information and subscribe above to get notified whenever we post a new video! Follow us! Twitter: https://twitter.com/pickmysolar Facebook: https://facebook.com/PickMySolar Instagram: https://instagram.com/pickmysolar Google+: https://plus.google.com/+Pickmysolar1
Views: 21455 Pick My Solar
Brian Cornelius, founder & CEO of RBar, tells how the Angel Investment Tax Credit helped him grow his technology startup in Arizona. The Angel Investment Tax Credit helps create and grow Arizona business by helping venture capitalist invest in technology companies like RBar. Please recapitalize the Angel Investment Tax Credit.
Views: 74 Arizona Technology Council
Did you know that you can invest your income tax refund check to get access to a minimum of $50,000 in unsecured and uncollateralized business funding with: - NO Stated Income - NO W-2s - NO Bank Statements and - NO Tax Returns Required! Millionaire Real Estate Mogul and Serial Entrepreneur Jay Morrison explains how you can take $2,000 and get an ROI of 2100%. Schedule A FREE EZ Funding Consultation Today - Call 1-844-EZ-FUND-1 or visit https://useezfunding.com/ Get Your FREE 30 Minute Real Estate Investors Crash Course Today! Visit https://jaymorrisonacademy.com or Call 1-844-JOIN-JMA to Receive Your FREE Financial Game-Plan(Mon-Sat 9am-6pm EST) Stay Connected: https://www.instagram.com/mrjaymorrison/?hl=en https://www.facebook.com/JayMorrisonFanPage/ Author of Two Amazon #1 Best Sellers: Purchase Lord of My Land here: http://amzn.to/2mQddzU Purchase The Solution here: http://amzn.to/2obEqgL
Views: 78328 Mr Jay Morrison
Do you own your own business? Are you wondering how Trump's new tax plan is going to affect you and your business? Then this is video you HAVE to see. Matthew is joined by Nick Fortune with Fortune DNA to discuss the positive and negative affects this new tax plan will have on Small Business owners and Entrepreneurs and what you can do to put your business in the best position possible come tax season. If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: [email protected] SUBJECT: TAX PLAN INCLUDE: Contact Information / Direct Phone Number Don't forget to sign up TODAY for your exclusive one on one consultation at: http://www.FreeCoachingCalendar.com Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Complimentary Services and Products mentioned in our videos are available for a limited time only and are not guaranteed at the viewing of this video. VIP Financial Education provides resources for educational purposes only. Our education is not a substitute for Legal, Tax, or Financial advice and results vary. VIP Financial Education encourages viewers to do their homework before taking any financial action. VIP Enterprises, LLC may from time to time earn commissions by recommending various products, services, and programs. #TrumpTaxPlan #SmallBusiness #Entrepreneur #VIPFinancialEd
Views: 14494 VIPFinancialEd
2018 Tax Changes For Businesses (2018 Business Tax Rules)2018 Business Tax Rules Explained!(Tax Cuts and Jobs Act 2018) 2018 Income Tax Changes for Businesses explained! (2018 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW.... Learn about Donald Trump's new tax laws. Tax Reform 2018. 2018 Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return and your business. You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/kxp38y9kw0zejgc/2018%20business%20tax%20updates.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • How to download business tax law updates spreadsheet - 0:37 • Business filing due dates - 2:12 • 2018 Corporate Tax Rates - 2:54 • Depreciation updates 2018 - 4:12 • Standard mileage rates- 6:25 • Meals and Entertainment and Fringe benefit rules - 6:40 • Excessive business loss limitation (IRC 461) - 9:33 • Net Operating Loss rules for 2018 - 10:24 • Business Interest Deduction Limitations IRC 163(j) - 11:09 • Business Research Expense Rules 2018 - 12:10 • Like-Kind Exchanges (1031 Rules for 2018) - 12:45 • Section 199A Deduction - 13:54 • Hobby Loss Rules 2018 - 18:33 • Minimum tax credit refundable for corporations - 19:33 • Important links - 20:08 Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 9263 Money and Life TV
Rental Property Tax Deductions My mentor in real estate investing once said "if you invest in real estate and you're paying taxes then you're doing it wrong." In this video we are walking through ten tax deductions that you can take today if you're a real estate investor. VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: http://www.morrisinvest.com LISTEN TO THE PODCAST: iTunes: https://itunes.apple.com/us/podcast/investing-in-real-estate-clayton/id1115024566?mt=2 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 99972 Morris Invest
talking about tax deductions as a business owner, in particular the question a lot if people have is weather or not they should drive a new vehicle or a used vehicle for business. i do my best to explain how vehicle tax deductions work and happing you decide what is a better fit for your business..
Views: 3737 North Country outdoor
Chinaza Duson, Small Business Tax Strategist, is also a highly sought after Tax Strategist empowering thousands w/advice on why the MUST own a homebased business. Now! Connect with me and START a legitimate homebased business TODAY: http://www.workwithcoachchi.com Chinaza Duson | 404.464.6733 | [email protected] www.certifiedtravelconsultant.com - my business of choice Text Chinaza to 40691 1st Email: [email protected] | 404.464.6733 | 2nd Email: [email protected] | 404.229.5566 - Secondary | NOT only am I #homebased business strategist, a certified tax preparer. I am a National Diamond Council Team Leader in Paycation Travel. We have the perfect vehicle to help you maximize on these amazing tax breaks I speak on here! Contact me today to get started http://www.browngirlgone.com ---- (travel blog) http://www.goodgirlstravel.com (the best tax deductible business) http://www.truthinduced.biz (www.yourtaxgirl.com)
Views: 338326 Chinaza Speaks
Novogradac's Tyler Gibbs provides an overview of how renewable energy tax credits (RETCs) work as part of the "Renewable Energy Tax Credits 101: The Basics" webinar in 2012. Visit www.novoco.com/energy www.novoco.com/training to learn more. Do you have questions about the topics presented in this video? Submit this form (https://www.novoco.com/podcast-topic-suggestion-form) and Michael Novogradac, CPA, may answer your question on his weekly Novogradac Tax Credit Tuesday podcast, available from https://www.novoco.com/podcast or iTunes.
Views: 3474 NovogradacCPAs
Please Subscribe for more videos. Please comment with any questions and like. Small Business Owners: Get All the Tax Benefits You Deserve - Webinar (June 18, 2013) Find out about allowable IRS tax credits, deductions and more that small business owners may be able to take advantage of. Webinar Description: Learn about business expenses and deductions What is a business depreciation deduction? Find out which business tax credits are available for your business Get the latest facts about the American Taxpayer Relief Act What are the qualifications for the Earned Income Tax Credit? Link: http://www.irsvideos.gov/GetAllTheTaxBenefitsYouDeserve/
Views: 44357 Joan Ferreira
Sign up for my weekly newsletter now! With awesome tax and legal tips, upcoming and current tax reforms, deadlines, special offers from my Lawfirm and Accounting Firm, and much much more! Don't miss out on this opportunity, It's FREE!! how could you get better than that!? Click the link below: http://markjkohler.com/youtube/ This video is about how to Write Off Start Up Costs To Download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at: http://www.markjkohler.com/social To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTiu/
Views: 16741 Mark J Kohler
The new law extending the successful Angel Investor Tax Credit Program to holding companies will make it easier for high-tech businesses to attract investments in their companies, the New Jersey Business & Industry Association said today as Gov. Chris Christie signed the bill, S-158 (Madden, D-4; Cruz-Perez, D-5)/A-3631 (Quijano, D-20; Schaer, D-36). “This law will promote investments that provide technology startups with the crucial capital they need to bring their innovative products to the marketplace,” said Andrew Musick, NJBIA’s vice president of Taxation and Economic Development. “Since the program began in 2013, the program has approved over $220 million in investments made to 51 New Jersey technology and life sciences companies,” Musick said. “By extending the program to holding companies, the Angel Investor Tax Credit Program will be better able to spur investment in New Jersey companies. “Small science and technology businesses need access to capital to grow, create jobs, and keep New Jersey’s high-tech economy moving forward,” Musick said. Angel investors can now invest in the holding companies of qualified New Jersey emerging technology businesses. Previously, they had to provide funds directly to the subsidiary to obtain the tax credit. For investments made by New Jersey S corporations, shareholders receiving a distributive credit can claim those credits to reduce gross income tax liability. Under the program, taxpayers seeking to claim the Angel Investor Tax Credit must receive approval from the NJ Economic Development Authority, which is permitted to make up to $25 million in tax credits available for qualified investments. In 2016, the state approved 251 applications through the program, which represented over $96 million in private capital into technology and life sciences companies throughout the Garden State.
Views: 61 NJBIA
Small business is not allowed the foreign tax credit. Without the foreign tax credit, their over tax burden exceeds 80%. Obtaining a credit for foreign income taxes is best achieved by using a dual status corporation. A dual status corporation is incorporated in both a foreign country (such as the U.K.) and in the U.S. Once dual status is obtained, a Subchapter election is allowed. This avoids the Controlled Foreign Corporation status, allows losses to be deducted on your United States income tax return and subpart F income is gone, forever.
Views: 1040 Brian Dooley
In the first segment, Steve and Rob address tax deductions, tax exemptions and tax credits for individuals. They also touch on AGI and MAGI. In the second segment, Steve and Rob point out some fundamental tips for small business owners for end of the year planning. For more information about basic taxation and how it interacts in financial planning just write to [email protected] Syndicated financial columnist and talk show host Steve Savant interviews certified financial planner and registered investment adviser Rob O'Dell. Rob uses a unique client engagement tool entitled Mind Mapping, a visual display technology that is being implemented in consumer presentations. The Thought Leaders Series features some of the top minds in the financial industry and is sponsored by CreativeOne, an agent development organization. www.creativeone.com https://youtu.be/hgh8MaMCCzc
Views: 26443 CreativeOne
Obama Administration officials said on Friday, President Barack Obama will propose a $2.5 billion tax credit over five years for businesses that invest in programs at local community colleges and hire their graduates. The proposal, dubbed the Community College Partnership Tax Credit, would require businesses to donate funds for equipment, instruction, or internships related to programs in areas such as healthcare, energy and information technology. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/4M9SCjOTjFU/story01.htm http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 56 Wochit News
Views: 7268 Pacific Northwest Tax School
What is a WOTC? For businesses looking to reduce their tax liability, the federal Work Opportunity Tax Credit provides a business that hires eligible target groups special tax credits. Key is getting the needed information from new hires up front, as they're being hired! Watch the video to find out more.
Views: 237 WOTC Planet
Tax credits are a dollar for dollar sum subtracted from taxes you owe the government. Michael and his guests share how tax credits can be utilized to lighten your tax burden for you personally and for your business, and how they can be used in commercial real estate endeavors. If you run a business there are some often overlooked tax credits related to new employees, training and other business investments.
FRENCH4ME.NET # THE BEST PLACE TO LEARN FRENCH Discover my premium platform with 100 000's of videos, exercises, pdfs, audio files, apps, e-books to learn French: http://www.french4me.net The platform is updated regularly, so be sure to visit it from time to time to benefit from the latest courses and products! AUDIO PLATFORM Download the audio tracks and start learning French right away! https://www.french4us.net/ SKYPE LESSONS Skype lessons just for you: http://www.french4you.net/learn-french-via-skype CORPORATE SOLUTIONS http://www.french4me.net/p/corporate THOUGHTS OR QUESTIONS If you have any questions, don't hesitate to contact me: http://www.french4you.net/contact-me/ SUPPORT Please support my free content on Youtube: http://www.french4you.net/paypal/ FIND ME ON INTERNET PREMIUM WEBSITE / http://www.french4me.net WEBSITE / http://www.french4you.net FACEBOOK / https://www.facebook.com/frenchwithvincent/ TWITTER / http://www.twitter.com/imagiers PINTEREST / http://www.pinterest.com/imagiers IMAGIERS IN YOUR LANGUAGE French for beginners, France, Free French lesson, French lesson, Learn French, French words, Pronounce French, French course, French video lesson, French for intermediate, French for advanced, French verbs, French grammar, Сазнајте Француски, Französisch lernen, 学习法语，學習法語，프랑스어 배우기, Aprender el francés, למד צרפתית , Apprendre le français, Μάθετε γαλλικά, जानें फ्रांसीसी, Belajar bahasa Perancis, Fransızca öğren, تعلم اللغة الفرنسية, Aprenda Francês, فرانسیسی سیکھیں, تعلم الفرنسية, یادگیری زبان فرانسه, Fransızca öğrenin, Free French lessons, French conjugation, French for beginner, french for beginners, French learning for beginners, French lesson, French teaching, French tenses, French verbs, French videos, learn french, learn French fast, learn French fast for beginners, Learn French for beginners, learn french from beginner
Views: 25 LEARN FRENCH WITH VINCENT
SUMMARY: If you have kids you know how expensive they can be. From the necessities to all the extras; the toys, the clothes, the entertainment, the extra curricular activities and so on... wouldn’t it be nice to get a brake and be able to write all of those expenses off on taxes? RECAP OF THE VIDEO: I am a real estate investor and a mother and in my business I don’t just focus on implementing strategies that allow me to make more money, but also focus on incorporating strategies that will allow me to keep the maximum amount of money that I make. In this video I will share a strategy that will allow you to keep more of your money by writing-off your kids’ expenses on your taxes. To implement this strategy you must get your kids involved in your business by putting them on payroll and paying them a salary. You can begin to put your kids on payroll as soon as they turn 6 years old and start giving them small jobs such as stuffing envelopes, shredding paper, cleaning, filing, bookkeeping, scanning... By taking this approach not only will you be saving taxes, but you will be teaching your kids small business ownership skills, self reliance and a concept of a job well done. To be able to pay your own kids, each one of them needs to have their own bank accounts set up and whether you operate as a Sole Proprietor or an LLC you will be paying your kids directly to their bank accounts from your business account if they are under 18 years of age, if they are 18 or older then issue them a 1099 or W2. If you operate your business as an S-Corp then you will need to set up a “Family Management Company” (but is only needed if paying children under 18 years old) which will operate as a Sole Proprietor and pay that “Family Management Company” the kids salary as a fee then transfer the money from there into their bank accounts, but if you have an S-Corp. and you are paying kids that are 18 or older you do not need the “Family Management Company” just issue them a 1099 or W2. The benefit of paying your own kids is that if they are under 18 years of age you do not need to issue workers comp. or FICA (except in Washington) also they will not need to file taxes if you pay them $6350 (in 2017) / year or less. Bonus [Real Estate Investing] Strategy: Now that your kids have earned income they can fund a ROTH-IRA which can become a partner in your next LLC which purchases a rental property and when you sell the rental property the money goes back to the ROTH-IRA and comes out tax free for college or retirement. ★☆★ Part 2 of this video series ★☆★ https://youtu.be/tT1uhgSzpmc ★☆★ TO LEARN THESE STRATEGIES GET THE FOLLOWING BOOKS ★☆★ 1.) The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions: TO GET THIS BOOK CLICK THE LINK -https://goo.gl/DKqXTZ 2.) What Your CPA Isn't Telling You: Life-Changing Tax Strategies: TO GET THIS BOOK CLICK THE LINK - https://goo.gl/NxyopY 3.) The Business Owner's Guide to Financial Freedom: What Wall Street Isn't Telling You: TO GET THIS BOOK CLICK THE LINK -https://goo.gl/5vGJKq ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking/Real Estate Investing/Tax&Legal Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am committed to providing legal and ethical information to the best of my knowledge at all times, but I (Laura Pitkute) am not a certified CPA, nothing I say in this video or comments should be taken as legal advice. Prior to applying any strategies I share in my videos or comments please consult with a competent professional.
Views: 29262 Laura Pitko
In this episode of I Go Solar Energy Frequently Asked Questions: We’ll be discussing how the 30% Solar Tax Credit Works. Uncle Sam is really excited about advancing renewable energy efforts and you should be too because the federal government is willing to pay for 30% of your solar energy system via an investment tax credit or ITC. The ITC allows you to deduct 30% of the total cost of installing a solar energy system from your federal taxes. It applies to both residential and commercial solar systems and there is no cap on the amount of the credit. However, since it’s a credit and not a refund, you will not be eligible to receive more than you owe in taxes in a single year. But Uncle Sam allows you to roll over any remaining credit for the following several years. For example, if you purchase a solar energy system for $25,000, you are eligible for a 30% tax credit on that purchase which amounts to $7,500. But if you only owe $5,000 in taxes that year you don’t lose the remaining $2,500 of the tax credit. The tax credit eliminates the entire $5,000 amount that you owe for the current year and the remaining $2,500 rolls over as a credit towards your next year’s taxes. Unfortunately, time is running out on the 30% tax credit and the sooner you claim yours, the better off you’ll be. In 2015 the Federal Government extended the 30% solar tax credit for an additional 5 years. That 30% credit shrinks to 26% in 2020, then down to 22% in 2021 and then it’s gone forever in 2022. So claim your tax credit before it’s too late and get a 30% discount on a solar energy system that will save you thousands of dollars in energy bills and give you decades of clean, renewable energy. Join the green revolution and say goodbye to high energy bills forever. Call or click to request your absolutely free energy audit and consultation with I Go Solar Energy today.
Views: 112 I Go Solar Energy
Do you own an incorporated small business? This video will reveal the new changes made to small business taxation, which you should be aware of. 0:44 – 1. Increase in Dividend Tax 2:13 – 2. Family Trusts 4:04 – 3. Tax on Investment Income Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 34326 Allan Madan
What is Section 179? How does section 179 work? Example of using section 179 shown in video. (Section 179 expense deduction) IRS Section 179 Depreciation Deduction Overview explained in plain English (IRS Publication 946) downloadable notes found here: https://www.dropbox.com/s/zr3w3h68728tft4/Section%20179%20Summary%20Notes.docx?dl=0 Why is it important to know about Section 179? 2:12 - If you own your own business or want to start your own business this may help you reduce your taxable income. - Even if you are not an accountant this will give you some insight to the type of tax advantages business owners have, because the tax code is primarily written for business owners and people who create businesses. Section 179 – What is it? 2:36 This is an elections allows you to accelerate depreciation on eligible assets. It allows you (the business owner) to take a greater tax expense deduction (Depreciation in this case) and thus it further reduces your business taxable income. Section 179 – Why do people use this deduction? 3:58 The end result is you will pay less tax in the current tax year. So the idea of this whole thing is at the end you will pay less tax. Note: You cannot use section 179 to drive your business taxable income below zero so keep that in mind. Who can take/use the section 179 Deduction? 4:46 People who own a business and purchase property that will be used for business purposes. When can you take section 179? 4:55 5:22 - If the property is eligible for 179 (as shown in the examples below) and only within the first year the asset is placed in service. What property qualifies for section 179? Some Examples: - Machinery and equipment. - Property contained in or attached to a building (other than structural components), such as refrigerators, grocery store counters, office equipment, printing presses, testing equipment, and signs. - Gasoline storage tanks and pumps at retail service stations. - Livestock, including horses, cattle, hogs, sheep - Vehicles used in business you can take 179 up to a certain amount (see the rules) 6:15- What property does not qualify for section 179? Some Examples: - Assets purchased and placed in service that are used to generate “rental” Income - Buildings - Land and land improvements - Leased property (Yes and No) See Pub 941 Limitations: 6:50 Currently $500,000 of 179 allowed per year. Subject to change each year. There are other limitations as well so please refer to the publication at the bottom of this document. Does the section 179 deduction Carryover to the next year if you cannot take it due to business income limitations? Yes – For an unlimited number of years. Simple Example of taking 179 - 8:15 New Computer purchased on 1/1/2017 for $10,000. This computer has a 5 year life so 60 months of depreciation will occur over its recoverable life. (5 Years x 12 Months) = 60 months of depreciation expense Using the straight line depreciation method in the first year we could expect to be able to expense through depreciation only $2,000 of this computer. (12/60) x $10,000 = $2,000 depreciation for the year. This would normally be all the depreciation we could take on this asset, but if we were to elect section 179 we could expense the entire asset cost of $10,000 in the year. Some Downsides of 179? 13:18 - Reduces your cost basis in the asset to zero so if you sell the asset later on you will have to pay tax on the proceeds received. - If you expect your business income to go up in future years you might not want to depreciate everything in the current year, because then you will not have a depreciation expense deduction in future years when your income is higher. Class of lives Examples (Using MACRS Lives) Computer and information system type of devices - 5 year life/recovery period Office furniture, fixtures, machinery and equipment typically - 7 year life Improvements - 15 year life What the best place to learn more about section 179? The Bible of Depreciation is found on the IRS Website: Publication 946: https://www.irs.gov/pub/irs-pdf/p946.pdf My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 8413 Money and Life TV
Child Tax Credit 2018 Rules Explained (How the Child Tax Care Credit Works) Very Detailed). Includes downloadable spreadsheet. This video will cover the child tax care credit rules for both 2017 and 2018. Link to downloadable work doc: https://www.dropbox.com/s/qnsbxgb1z35b2xy/Child%20Tax%20Credit.docx?dl=0 Here are the time stamp shortcuts so you can jump to or go back to any point in the video! •How much is the child tax credit worth - 1:36 •How the child tax credit works - 1:50 •Is the child tax credit refundable? - 2:09 •Child tax credit adjusted gross income test - 3:30 •Child tax credit income phaseout (How it works) - 4:10 •Qualifying Child Test Rules for Child Tax Credit - 5:08 •Qualifying Child Test check the box rules - 8:00 •What worksheet to use for child tax credit - 9:00 •2018 Child tax credit rules! 2018 changes - 12:50 •Final things to know about the child tax credit. Very important - 15:00 2018 Child Tax Care Credit Changes and Updates (Per HR&Block) Under the new Tax Cuts and Jobs Act (TCJA) the following child tax credit changes will take place in 2018: • The Child Tax Credit under 2018 tax reform is worth up to $2,000 per qualifying child. The age cut-off remains at 17 (the child must be under 17 at the end of the year for taxpayers to claim the credit). • The refundable portion of the credit is limited to $1,400. This amount will be adjusted for inflation after 2018. • The earned income threshold for the refundable credit is lowered to $2,500. • The beginning credit phase out for the CTC increases to $200,000 ($400,000 for joint filers). The phase out also applies to the new family tax credit. • The child must have a valid SSN to claim the nonrefundable and refundable credit. Prior to the TCJA, the taxpayer who was eligible to claim the child’s dependent exemption was also the one eligible to claim the CTC. In turn, the taxpayer and child had to meet several “tests” for the one to be considered the dependent of the other. The TCJA eliminates the dependent exemption itself, but retains the definition of dependent to claim the CTC and other child- or dependent-related tax benefits. For Child Tax Credit reform purposes, this will usually mean that the child must be related to the taxpayer in one of several ways (son, daughter, grandchild, etc.), must live in the taxpayer’s home more than half the year, and must not provide more than half of his or her own support. Special rules apply if the parents are divorced or legally separated. As under previous law, strict due diligence requirements apply for tax professionals who prepare returns with the refundable Child Tax Credit during the 2018 tax year. All changes to the new Child Tax Credit expire after December 31, 2025. Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Please subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 12489 Money and Life TV
Comparison Killing America. Business, Credit, Tax Liens, Where to Invest. Longer show News and shows I have been on http://bit.ly/classynews101 Instagram http://bit.ly/instagram125 LLC course http://bit.ly/2wvv3uB Private Facebook group http://bit.ly/2LT3Wm7 Courses, credit repair, ebooks http://bit.ly/thegame9 Getting my stocks, bonds, mutual funds shirt http://bit.ly/getmystocksshirt
Views: 3008 Ericka Williams
Joel Lebewitz, partner at Lurie Besikof Lapidus & Company and MN Cup review board member, discusses two tax credits available to start-up businesses and their investors: the Research and Development Credit and the Angel Tax Credit. Under U.S. Treasury Department guidelines, Lurie Besikof Lapidus & Company, LLP (LBLCO) is required to inform you that (1) any tax advice contained in this communication is not intended or written to be used, and cannot be used by you, for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, (2) no part of any tax advice contained in this communication is intended to be used, and cannot be used, by any party to market or promote any transaction or matter addressed herein without the express and written consent of LBLCO (3) LBLCO imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein, and (4) any fees otherwise payable to LBLCO in connection with this written tax advice are not refundable or contingent on your realization of federal tax benefits from the advice contained herein.
Views: 177 Lurie, LLP
Using the Money In Your LLCs' Bank Accounts When you have a business entity, especially multiple business entities, banking can become complex. There are many reasons why you might need to move your money, but there are strict regulations, as well as tax implications that will dictate how this should be done. In this video, Natali and I are discussing how to use the money in your LLCs’ bank accounts. We’ll share what we’ve learned, the mistakes we’ve made, and more! You'll learn about distributions and owner pay within the Profit First System. We'll share more about our personal banking structure for rental property investing, and how we use our different accounts. If you've ever wondered about using the money in your LLCs' bank accounts, this video is for you! Show notes page for this podcast episode: https://goo.gl/pN4znD EP010: How to Set Up Profit First for Real Estate Investing - Interview with Mike Michalowicz: https://goo.gl/o7k47r EP040: How to Implement Profit First for Real Estate Investing: https://goo.gl/Vm2oYG BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 73611 Morris Invest
New York City labor leaders, representing more than 255,000 working men and women, united with Cardinal Timothy Dolan, Bishop Nicholas DiMarzio, other faith leaders, business, students and parents in urging Gov. Cuomo and the Legislature to approve, as part of the new state budget, a bill that would increase charitable donations to public schools and scholarships for low-income and working family students looking to attend parochial and other private schools. At a news conference in Cathedral High School in Manhattan, Cardinal Dolan was joined by 32BJ/SEIU, New York Police Department PBA President Patrick J. Lynch, SBA President Ed Mullins, FDNY Uniformed Firefighters Association of Greater New York President Steve Cassidy, Agudath Israel of American Vice President Rabbi Yehiel M. Kalish, retired business and community leader Robert Catell, students, parents, community leaders and many other business and labor leaders. Learn more at; http://bronx.news12.com/news/lawmakers-show-support-for-education-investment-tax-credit-1.7353927
Views: 56 Intelligent Design
Hello thank you for checking out my video. My goal is to help get as many renewable energy systems installed as I can. This video is about the 30% Federal Tax Credit offered for Solar Electric installations. There are state and local incentives available that I will cover in following videos. Over the past 6 years I have been involved with over 500 different installation in Texas, Louisiana, and North Carolina. I am a NABCEP certified PV Installer and a Licensed Electrician. Please feel free to contact me though our website www.redgroupnc.com for a free quote. If you have questions or comments about this video please leave them here and be kind this is my first attempt at a youtube video. For more information visit us at www.redgroupnc.com Please also visit www.dsireusa.org
Views: 9108 Renewable Energy Explained
This is one of those things I wished I would’ve learned and had done when I was younger - open up a Roth IRA retirement account. And because it saves you from paying taxes on your earnings and profits later on, I’m all about it. So this is what a Roth IRA is and this is why it’s so important to have one! Click “SHOW MORE” to read my full thoughts. Also feel free to add me on Snapchat / Instagram: GPStephan So here’s what it is - and because this confused me when I was younger, I’ll break it down as simple as possible. A Roth IRA is a type of investment account that you can set up where you invest your money today - up to $5500 per year with no immediate tax deductions - and can pull out your profits and earnings tax free when you’re 59.5. That means you pay NO TAX on YEARS of compounded interest and earnings. Your tax free profits just makes you MORE tax free profits. And it snowballs into a LOT of money. This is best done when you’re young for a few reasons…the money you invest in a Roth IRA is done post tax, which means taxes are already taken out of the money that you earn at the time you invest it. So if you make $20,000 from a job, you might be left with only $17,000 after paying taxes…so this $17,000 is now “post tax” money. The reason is best when you’re young is that chances are, you’re not earning a ton of money compared to what you WILL be earning. When you’re earning a lot of money, it’s about reducing what you owe in taxes because the more money you make, the more money you’re generally taxed. When you’re not earning a lot of money, you’re already in a lower tax bracket, so it’s advantageous to take advantage of that and pay the taxes now to invest - because in the future, you’ll hopefully earn a lot more money. Especially if you’re 18-30 and not earning a lot of money, this is PERFECT for you. When you start earning more money, there are other accounts that might make more sense for your situation. So here’s what I would do: If you’re under the age of 18 and have a job that you’re making money with, you can ask your parents to open a Roth IRA account for you. From there, you contribute money you’re making from your job - keep in mind you cannot contribute more than you earn, so if you earn $1000 that year, you can only contribute $1000. If you’re over the age of 18, right after this video is done, just go online and sign up for a Roth IRA. I use Vanguard and they’re awesome, many people use Charles Schwab or Fidelity - just make sure the account has low fees. You can contribute up to $5500 of earned income every year - if you make too much money, you can look into doing a backdoor Roth IRA contribution. I recommend putting in as much as you can afford and forgetting about it. The advantage is that since there’s compounded interest, the sooner you put your money in, on average, the more you’ll have by the time you retire. Is this a boring investment strategy? Yes. But it’s effective. I recommend just doing this on the side with what you can afford, while continuing to invest elsewhere or investing in yourself. Just to give you some ideas, if you invest $1000 per year at 18 and retire at 60, you’ll have $264,000…of that, you only contributed $43,000 over 42 years, meaning you just made $221,000 of tax free money. If you invest $2000 per year at 18, same situation as above, you’ll have invested $86,000 and made $444,000 of tax free money. If you invest the maximum right now of $5500 per year at 18 years old, you’ll have invested $231,000 and made over $1,200,000 in tax free money. If you just do $5500 per year at 18 years old, you can retire a millionaire without doing anything else. This average figure includes inflation, by the way. I hope this video helps and that this sets you up for future financial independence. Add me on Snapchat: GPStephan Add me on Instagram: GPstephan For business inquiries, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq
Views: 501624 Graham Stephan
A new video from the New Markets Tax Credit Coalition featuring perspectives from Senators Roy Blunt (R-MO), Chuck Schumer (D-NY) along with Representatives Pat Tiberi (R-OH), Richard Neal (D-MA), and Tom Reed (R-NY). Thank you to the following entities that provided time, information and photographs for the video. Beyond Housing Community Affordable Housing Equity Corporation (CAHEC) CEI Capital Management LLC Chase Children's Institute, Inc. CohnReznick Community Reinvestment Fund Enterprise Community Investment, Inc. Finance Fund Florida Community Loan Fund Greenline Ventures Habitat for Humanity Kimberly Wolff Photography Low Income Investment Fund (LIIF) Local Initiatives Support Corporation (LISC) Massachusetts Housing Investment Corporation (MHIC) McCoy Grain Terminal Midwest Minnesota Community Development Corporation Montana Community Development Corporation Muskingum Recreation Center National Development Council (NDC) National New Markets Fund PNC Financial Services Group Rockland Trust Company Rural Development Partners SECDE Ventures, LLC StreetSquash SunTrust Community Capital, LLC TELACU Travois New Markets, LLC U.S. Bancorp Community Development Corporation UrbanAmerica Wells Fargo Community Lending and Investment Wisconsin Housing and Economic Development Authority (WHEDA) Westervelt Pellet Winsert Inc.
Views: 1225 NMTC Coalition
Sign up for my weekly newsletter now! With awesome tax and legal tips, upcoming and current tax reforms, deadlines, special offers from my Lawfirm and Accounting Firm, and much much more! Don't miss out on this opportunity, It's FREE!! how could you get better than that!? Click the link below: http://markjkohler.com/youtube/ What is the mortgage interest deduction and what are the 2017 and 2018 provisions? Also, download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube If you liked this video give it a thumbs up and subscribe! Don't forget to hit that bell icon too so you can be notified every time I post a new video! Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com
Views: 5812 Mark J Kohler
Sign up for my weekly newsletter now! With awesome tax and legal tips, upcoming and current tax reforms, deadlines, special offers from my Lawfirm and Accounting Firm, and much much more! Don't miss out on this opportunity, It's FREE!! how could you get better than that!? Click the link below: http://markjkohler.com/youtube/ Mark Kohler breaks down how you can find ways to save on taxes with your auto expense in 2018- important changes in the law. Download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube If you liked this video give it a thumbs up and subscribe! Don't forget to hit that bell icon too so you can be notified every time I post a new video! Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com
Views: 26906 Mark J Kohler
We work with organizations to identify and quantify tax credit opportunities and to file amended tax returns for the credit. Join us on Thursday, January 17 to learn more about the R&D Tax Credit and whether or not you qualify. Register here: https://www.eidebailly.com/insights/events/2019/01/business-trends---youve-earned-it---rd-tax-credit
Views: 584 Eide Bailly
UPDATED: Can you afford not to watch this quick 3min video? We explain how to grow your business fast, whilst leveraging your next competitive advantage. Starting and growing a business doesn't need to be difficult and thankfully, we've got your back on your journey. Why's that? (We hear you say...) Well, we help businesses like yours access very low-cost business funding and then work on your behalf to recover up to 1/3rd of their eligible business investment costs back, in most cases as a cash lump sum worth an average of a staggering £42,000.00 per £100k of investment Sounds a lot doesn't it! Well, when you realize you can be awarded up to 230% of staff wages, you can see the odds quickly stack up in your favour! We can help your business from just £1000 to over £600million. No matter what stage your business, we are here to help your business thrive. Contact one of our team now for a complimentary business growth appraisal. To learn more visit: https://www.hamiltonwoodandco.co.uk
Views: 122 Matthew Wood
2018 Canadian Federal Budget Highlights for Business focused on tax tightening measures for business owner: Small Business Tax Rate Reduction from 10% to 9%. Passive Investment Income held within the corp (Reduction begins at $50,000) Tax on Split Income
Views: 916 Financial Tech Tools
(Tax Cuts and Jobs Act 2018) 2018 Income Tax Changes for individuals explained! (2018 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW.... Learn about Donald Trump's new tax laws. Tax Reform 2018. 2018 Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return. You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/7q0595b3kt9jv5t/2018%20tax%20updates.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • Regarding filing your tax return as of 4/15/18 - 0:52 • References used to create spreadsheet - 1:39 • The actual tax bill - 2:07 • The 2018 Federal Income Tax Bracket Rates - 3:40 • About your payroll withholdings - 4:40 • Changes to the 2018 standard deducatoin - 5:04 • 2018 Personal Exemptions - 5:46 • Child tax credit rules for 2018 - 7:36 • 2018 State and local tax law changes - 8:20 • 2018 Mortgage interest deductions - 10:03 • 2018 Miscellaneous itemized deductions - 12:03 • 2018 Education and 401(K) Rules - 12:47 • Alimony rules for 2019 - 14:06 • 2018 Federal Estate Tax Exemption - 15:42 • Alternative Minimum Tax - 18:59 • Affordable care act tax penalties - 19:32 • 2018 Capital Gains, Charitable Contributions, Moving expenses, etc - 20:26 Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 164021 Money and Life TV
Learn more about Oregon Research and Development Investment Tax Credit and how it can benefit your business. http://www.swansonreed.com
Describes the incentive the tax credit provides for companies to invest in low-income communities; shows the basic new markets tax credit structure and program definition. To learn more about the next NMTC conference, workshop or webinar, visit: https://www.novoco.com/events Do you have questions about the topics presented in this video? Submit this form (https://www.novoco.com/podcast-topic-suggestion-form) and Michael Novogradac, CPA, may answer your question on his weekly Novogradac Tax Credit Tuesday podcast, available from https://www.novoco.com/podcast or iTunes.
Views: 25326 NovogradacCPAs
Learn more about LLCs by viewing Avoiding the Risks of the Single Member LLC at http://youtu.be/N0HLOQEu17k “Should I put my investment or rental property in an LLC?” I get asked this a lot. I mean, a lot. Putting an investment or rental property into a limited liability company (LLC) can be a fantastic way to protect your personal assets from any liabilities of the property(ies). If you are thinking about putting an investment or rental property into an LLC, or if you already have, there are a few things that you need to keep in mind. Before I get into that, let’s recap what an LLC is and why it may be a good thing to have. An LLC is a legal business entity. If someone sues an LLC, in most cases, only the assets of the LLC will be subject to liability in that lawsuit. The personal assets of the business owner should be safe. So if you own an LLC and get sued, you can generally rest assured that your personal bank accounts, personal residence, and all your other personal assets will be protected. In terms of a rental or investment property, then, if you form an LLC and somebody gets injured on the property and wants to sue for damages, they would have to sue the owner of the property, which would be the LLC. And they would only be able to collect from the assets of the LLC (i.e. the property itself and any additional business assets such as bank accounts). So, the purpose of having an LLC for your investment or rental property is to insulate your personal assets from the liabilities of the property. The second question that generally gets asked is “I have more than one rental property; do I need to have an LLC for each one?” The answer to this is: it depends. Depends primarily on your tolerance for risk and how much additional administrative crap work you want to deal with. If you have one LLC that holds multiple properties, you should still be protected personally from liabilities of any of those properties. However, as I mentioned above, any assets of an LLC can be subject to liability. So if there is a lawsuit regarding one property in the LLC, all of the other properties in the LLC will be at risk as well. If you have a separate LLC for each property, then each one will be insulated from the liabilities of the others. That’s a good thing and, ideally, the best way to do it. However…lets say you have two, three, four, five different properties and want to put them each into their own LLC. That’s two, three, four, five different LLCs that you now have to run. That means different bank accounts, books, Operating Agreements, annual filings, tax returns, etc., that you have to take care of. That can obviously become pretty time consuming and expensive. So there really is no real answer to that question. If you want to put the time and money into each LLC in order to have full limited liability, then that is fantastic. But in some cases it may be overkill and just not worth the hassle. The last thing that comes up a lot with LLCs for rental or investment properties is the fact that the LLC has to actually own the property. That means the LLC must hold title to the property. This can be accomplished by deeding the property to the LLC. (People like to do this on their own a lot. There can be big, bad results from using the wrong type of deed or filling it out incorrectly or incompletely. I strongly recommend you seek help from an attorney with this.) The other consideration with doing this is, if you have a mortgage on the property, and the mortgage is between you personally rather than the LLC, your lender may not like you transferring ownership of the property to the LLC. Most mortgages have a “Due On Sale” or similar clause that allows the lender to call the entire mortgage upon transfer of the property. So if the lender finds out you transferred the property, they may try to get you to pay the entire remaining balance of the mortgage. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved. Sad solo dance party music by: Stryv - Surge (Original Mix) by Stryv is licensed under a Creative Commons Licence. https://soundcloud.com/stryvmusic/str... More info about the license: http://creativecommons.org/licenses/b...
Views: 45393 180 Law Co. LLC
Video explaining Refundable Dividend Tax on Hand in the context of corporate investments. Business Career College is a national financial services education provider. See our insurance, financial planning and continuing education courses, including self-paced and instructor led options, at https://www.businesscareercollege.com For great industry articles, follow on Twitter (https://twitter.com/JasonWattBCC) or like on Facebook (https://www.facebook.com/BusinessCareerCollege/).
Views: 9406 BCC Education
Namaskar Dosto. Is video me hum dekhenge ki kaise aapke income tax kocalculate karna hai aur is sal ke naye income tax slab ki b bat krenge iske sath sath hum tax renate kibat krenge jaha pe bhut se logo ko confusion hai. Isme jo salary ki batki gyi hai wosare deduction ko hatane k bad ki hai jaise isme 80c jaise deductions include nhi hai . To umeed hai dosto aapko videopasand ayega Mutual fund, Banking aur Finance ke bare me aur jan ne ke lie SUBSCRIBE kijiye. Facebook: https://www.facebook.com/MARKETMAESTROO For any BUSINESS INQUIRY - [email protected]
Views: 1045295 Market Maestroo
Learn how to obtain tax deductions for home day traders, favorable tax treatment for stocks and real estate, and how you can deduct a $25,000 new car purchase the very first year. Hosted by Brent Jordan, Esq., LL.M. of http://www.TaxExterminator.Com
Views: 103 Brent J. Jordan Esq. LL.M
http://JoeCrumpBlog.com - Sign up for free real estate investing training with 25 year real estate veteran, Joe Crump. Learn how to build an automated, sustainable, profitable investing business with no down payments and no credit. Discover the most advanced automation software for investors available today at: http://www.PushButtonAutomarketer.com Learn how it will bring you a flood of motivated seller financed leads every single day. Six Month Mentor Program: http://www.ZeroDownInvesting.com Hey it’s Joe. I’ve got another question here. This one is from Derrick Wagner. “You talk about getting a tax credit for paying the mortgage on owner carries and subject tos. How does that happen? I would think if the mortgage company has the other owner as the mortgagee, that regardless of who is making the payment that they would receive the 1098 at the end of the year.” The lender isn’t the one that decides who gets a tax credit. It’s the IRS that decides that. And the IRS says that if you make payments on a loan on a property that you own and it’s interest, then you can deduct that interest from your profit. So it’s all between you and the IRS, not between you and the lender and however the lender reports it doesn’t matter because you have proof of how you paid it. So, if I make payments on a subject to loan over, you know, the last year, then I can show them that I made these payments just by, if they need that, if they need to see it, I can show them my cancelled checks or I can show them my bank account and they can see that I made those payments. And because the rules in the IRS says that I can take that deduction, then they’ll allow me to do that. I also get the depreciation on that property if I own it and rent it out, so that’s another big benefit. So it’s on the tax basis of the property, I get about 3.64% of the tax basis of the property back as a tax deduction every year because I’m depreciating that property over 27.5 years. Or at least the tax basis on that property, on the improvement, not on the land itself.
Views: 1332 Joe Crump
The US has a problem with income inequality. The current tax code makes it worse. Correction: At 2:20, we say that the Glenstone Museum is only open for private tours. But, in fact, it’s free and open to the public for scheduled tours. Subscribe to our channel! http://goo.gl/0bsAjO Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. The gap between the rich and the poor in America looks more like developing countries than other Western nations. Trump and the GOP have proposed tax plans that will give massive tax breaks to the wealthy while it remains unclear if the middle class will get a tax benefit. Deductions give a greater proportion of tax breaks to people with higher incomes. The same charitable contribution from two different incomes will benefit the higher wage earner, because deductions give tax breaks in proportion with tax brackets. Other countries have eliminated certain tax deductions in favor of tax credits. Credits give breaks in proportion to the amount you give, not the amount you owe. There are two kinds of income in the US. We tax wage income at a higher rate than income earned in stocks and bonds. That means people who get their income from capital gains and stock market interest pay fewer taxes than the same income of someone who works for a paycheck.
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California Competes Tax Credit Application Tutorial Video 10 of 14: Investment