Income taxes

Annual NetWorth Financial Review: with tax preparation & property holdings analysis.

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual , , ,

At least annually I recommend taking a close look at your finances and the related effects on your Net Worth. A great place to start is a tax return completed & an annual dossier on your real estate property holdingsproperty-owners-notebook-cover-insert_anibal-group-llc-realtynetworth-thenetworthlife-alloverusa-networthbasics. That’s part of the packet we proved to open up further useful thoughts and discussion.

Let me know if you need an organizer binder’ NOTEBOOK’.  It compliments the YourSpace24/7 client portal, both are handy tools to help you get organized for you visits to your various financial professionals.

To set an Annual Financial Review appointment, or no-cost consultation, use our quick ‘time & day’ online sign in.

Always bring your PROPERTY TAX ASSESSMENT to your REVIEW. You may qualify for a complete abatement, or a reduction in taxes. We can assist you in the process. Here’s a couple tools for the DIYers:

Here’s some tax planning reading for the scholarly:

What now? Well the key word is ‘now’. Tax advice/ Anibal-Group-LLC-All-Over-USA-Real Estate Relocation services Michigan Florida photo of Charleston-SC-6planning is of more value ‘forward looking’ than ‘after the fact’.  Even more so just before, or worse, after deadlines.  There are many strategies available going forward. But they virtually all require pre-planning. This is the difference between basically doing clerical work or utilizing various planning approaches.

Now, more than ever, we are in an era of ‘portfolio real estate’ approach – looking at the larger picture, considering ‘all the pieces’ to the tax/ net-worth puzzle. Update Your VISION. Its part of our ‘client intake’ format. This is where we start in on you’re long term thoughts, dreams, needs, goals, and comfort parameters.

Related Articles:

  • See links above.

Anibal-Group-LLC-RealtyNetWorth-b-w-contemplation

Year-end tip:  Statistically holiday season is by far best time to purchase your vacation, investment (hands off managed ‘passive’ or active), retired parental rental, student rental, & flips of any kind be it ‘wholesaling’ or hands-on. Deductions in these areas now became game changers vs the old – mostly gone – ‘itemized deductions’.

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Michigan Unemployment during Covid-19 Coronavirus shutdown

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual

a3f18e9e-739e-401a-ac75-5d6c3b7bc984Small business owners. Know all the criteria before making application as the site is running slow & you’ll want to make the best use of your time. Delays may sign you out, then you have to start over.

Here’s the order:

Click to access 160_-_Claiming_UI_Benefit_In_Michigan_-_Jan2014_444213_7.pdf

NEED ASSISTANCE? We work remote with you!

Other helpful links: Calendar / Rates / Get a ‘YourSpace’ Portal

Now, more than ever, we are looking at your larger picture, considering ‘all the pieces’ to the tax/ networth puzzle.

Related Articles:

> Request Appointment < click here. Other questions/coments:

Coronavirus COVID-19 and unemployment benefits for entity owners. Cost vs benefits, eligibility.

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual

a3f18e9e-739e-401a-ac75-5d6c3b7bc984You own the company. You’ve been taking a salary/wage. What will it cost you now that there is an executive order to stay home ?

Here’s the order: https://www.michigan.gov/coronavirus/0,9753,7-406-98158-522595&#8211;,00.html?utm_medium=email&utm_source=govdelivery

How much can you get? https://fileunemployment.org/michigan/mi-calculator/

When must you file? asap to 28 days.

How much will it cost? depends, read this or call me:

How long does it last? extended to 26 from 20 weeks

How to file? Start here or call: https://www.michigan.gov/leo/0,5863,7-336-78421_97241&#8212;,00.html

Outside of the emergency order: https://www.michigan.gov/documents/uia/160_-_Claiming_UI_Benefit_In_Michigan_-_Jan2014_444213_7.pdf

NEED ASSISTANCE? We are working remotely with you!, see:

Other helpful links: Calendar a ‘Virtual’ Appt / Rates / Get a ‘YourSpace’

Now, more than ever, we are looking at your larger picture, considering ‘all the pieces’ to the tax/networth puzzle.

Related Articles:

> To Request an Appointment < click here, other reasons for contacting us:

Virtual Appointments ~ Its easy:

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual

a3f18e9e-739e-401a-ac75-5d6c3b7bc984Get your taxes done ~ office/ phone/ smart phone pdf creation / scanned / office supply store pdf/ or USPS!

Year end, aka: “Financial Life Annual Review” with tax prep & realty insights:

    1. Submit info: Direct ALL DOCS/ PHOTOS/ PDF packets & communications to YourSpace247 > example. Mask sensitive #’s.
      • Submit items: W2’s, 1099s, property taxes, copy of last yrs file, etc.
      • You can scan/ photograph/ or let the local office store (OfficeMax/Depot, UPS, FedEx) do it for you.
      • If you need a spreadsheet to make notes to us, I have hundreds of ready to fill google docs that we both can access from the cloud. All clients receive a template of spreadsheet pages they may use. Or submit yours, or I’ll create one just for you. example.
      • Need to share something on your PC ? or watch our PC as we complete the process?
    2. We’ll schedule a phone call as needed to go over items submitted, ask a few questions, and answer yours.
    3. We prepare a complete ‘signature ready’ pdf packet.
      • You can either print it out, sign for efile, and return asap.
      • Or, we’ll mail out your hard copy packet.
    4. Pay easily via Paypal or by check.
      • There is no need to ever leave your home/home office!

I’ve provided this service for literally decades for shut-ins, missionaries, snow birds and folks all over the country.

Other helpful links: Calendar a ‘Virtual’ Appt / Rates / Get a ‘YourSpace’

Now, more than ever, we are looking at your larger picture, considering ‘all the pieces’ to the tax/networth puzzle.

Related Articles:

> To Request an Appointment < click here, other reasons for contacting us:

SERIES: Your net worth strategy~Another RNW Brokerage Perk: Income Tax Savings.

Anibal Group LLC RealtyNetWorth.com Income taxes , , , , , , , , , , , , , ,

How much you can SAVE on INCOME TAXES using a REALTY BROKER (us) that gives INCOME & PROPERTY TAX ADVICE in the professional service package & offers ALA CARTE BILLING?

SERIES: Your net worth strategy just changed with the tax law changes. The ‘Portfolio Approach’ has never made more sense than now.AnibalGroupLLC_RealtyNetWorth_tax-savings-with-buy-sell-brokerage

Think about if you have, had, or are considering any of the below?

  • … income property?
  • … a small business or 1099 contract income?
  • … an entity such as S-Corp, LLC, or Partnership?
  • … using property as home office, land storage rental, pole barn use, attached apartment for related/unrelated, or VRBO.com style letting?
  • … college (or other) housing for student/ child?
  • … providing housing for parent?
  • … vacation/ seasonal property that may have mixed rental/ personal use?
  • … relocation related to work?

Here’s an example of what you could save over using another agent/ brokerage who will not be including or offering taxation perspective in how your deal is structured, financed, the timing, how title is held, and other topics from a taxation perspective.*

Related Articles:

* Anibal Group LLC does not offer legal advice. This article is not to be considered advice specific to your situation. Most financial decisions should involve advice from a trusted professional of your choice that will advise on insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals for CPA’s and other professionals.

New Tax Law: Planning Now – before end of 2018

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual

The standard deduction for married couples rises to $24,400, for individuals it increases to $12,200, up $400 and $200, respectively.  That’s the big news (that you’ve already heard). Anibal-Group-LLC-NetWorthBasics-20181109_155508

What now? Well the key word is ‘now’. Tax advice/planning is worthless after Jan. 1. There are many strategies available going forward. But they virtually all require pre end of year planning. Later, you’re basically doing clerical work.

Now, more than ever, we are in an era of ‘portfolio real estate’ approach – looking at the larger picture, considering ‘all the pieces’ to the tax/networth puzzle.

Lets sit down. Tell me you’re long term thoughts, dreams, needs, goals, and comfort parameters.

Related Articles:

Anibal-Group-LLC-RealtyNetWorth-b-w-contemplation

Year-end tip:  Statistically holiday season is by far best time to purchase your vacation, investment (hands off managed ‘passive’ or active), retired parental rental, student rental, & flips of any kind be it ‘wholesaling’ or hands-on. Deductions in these areas now became game changers vs the old – mostly gone – ‘itemized deductions’.

Nearly half of US households escape fed income tax

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual, Uncategorized

If, as the following AP excerpt says, the top 10% of earners pay 73% of income taxes, do you think they are rushing out to invest in America ?….expand their businesses & hire people ?…or look for other opportunities ? , P

Couple doing their taxes (Corbis)

ap

………It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

“We have 50 percent of people who are getting something for nothing,”……………

10 Tax Breaks for Parents

Anibal Group LLC RealtyNetWorth.com Income taxes, Individual, Uncategorized
by Jennifer Saranow SchultzTax forms. (Justin Sullivan/Getty Images)
Wednesday, March 10, 2010

provided by

The New York Times

There’s one benefit to having children besides the joy they can bring you: tax breaks.

CCH, a provider of tax information and services, released a list this week of ten ways the tax code benefits parents by helping to defray th e costs of raising and educating children. Here’s the list from CCH