Tax Planning Basics

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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
Basic Facts about Taxes

The subject of income taxes is one that most people would prefer to ignore. However, since income taxes are a significant expense for most taxpayers, you should come to grips with some basics about taxes: Realize you can...
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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
The Basics of 1031 Property Exchanges

If you have business or investment property you'd like to sell, take a look at the 1031 exchange rules before doing so. These rules allow you to sell one property and purchase another of like kind, deferring any gains. Like...
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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
Why the Alternative Minimum Tax Is Not Just for the Wealthy

The alternative minimum tax (AMT) has been called the stealth tax, and with good reason: Although intended for the rich, the AMT is affecting more and more middle-income Americans in large part because it has only been...
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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
The Kiddie Tax

Kids can't vote. As if that wasn't already obvious, Congress really drove the point home in the 1986 Tax Reform Act with the creation of the so-called "kiddie tax." In spite of the rules having been around for a few years,...
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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
The AMT Horror

The Alternative Minimum Tax (AMT) was originally designed to prevent extremely wealthy individuals from skirting their income taxes. Unfortunately, the AMT has grown into a tax trap that haunts millions of Americans each...
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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
The New Tax Law: What's in It for You?

The Tax Increase Prevention and Reconciliation Act signed into law by President Bush in May contains good news for investors with taxable capital gains and dividend income. It also offers upper-income taxpayers a Roth IRA...
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Personal Finance | Taxes | Tax Planning Basics | Wiseradvisor.com
1031 exchanges

This article is for educational purposes. 1031 exchanges have restrictions and limitations. When the time comes to sell your real estate, some owners of highly appreciated real estate could be staring at a substantial...
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