Is there any wonder why we have such programs like H.O.P.E. to Own? Home ownership, the ultimate goal, the American dream. And it’s not just about the prestige about owning a home; it’s about so much more: The Fact Is This: Owning That Home Actually Benefits Your Taxes Here’s how our budding real estate market, […]
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Talk about killing two birds with one stone: the 529 college savings plan, operating very much like a retirement plan, not only saves up some on the expense for college later on life, but cuts down on your taxes over time. A nice little tax shelter benefiting you in the long run and ensuring your kids get the quality college education they deserve.
Also known as qualified tuition programs (QTPs), the way contributions work for these types of plans is that it allows you to defer your taxes. All your contributions to these ‘accounts’, if you wish to call them that, are tax-free. It, therefore, means that when it comes time for your budding college student to leave the family nest and venture out into the unknown, you can pull the funds out and not pay any federal tax for the tuition costs, room, and board. Even better is the benefit that you most likely won’t even have to worry about any state tax if the beneficiary, your child going to college, sticks with a university that’s in the same state. Like we said: killing two birds with one stone, education and finances.
This ultimately saves you on the taxes, as a veritable tax shelter, cutting down with these beneficial credits. Plans do vary, so sign up with the Income Tax Planning Network right away and then consult your ITPN specialist to see what your options are. You may have a variety of lifetime contribution limits, some ranging around $200K, so crunch your numbers and see what you’ve got.
Click here for more information about other tax shelters you can take advantage of, plus some information about tax advice when divorcing, or other business tax write-offs you need to know about. Remember: information is power. Planning is power. And here’s where you get a bunch of it.
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Many aren’t even aware that there are some places in the U.S. where you don’t have to pay out some of your hard-earned money just because you’ve earned money. It’s no secret — nobody likes the whole personal income tax or business income tax at all. You’re basically being asked to pay up for getting paid. Seems […]
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We’re sure many wonder just how people get rich: tenacity. That’s the only way we can describe it. It all boils down to how you buy a candy bar for a buck and then sell it for two bucks. Simple as that. Increase the scale as high as you want to go, and you have a major money maker on your hands. That’s why selling homes can be a lucrative business, especially when you involve crowdfunding, but even more so, you save a ton of money on your taxes offsetting real estate capital gains or losses with this:
How so? How does this work? Simply put, a 1031 Exchange in the IRS Code allows any real estate investor the ability to sell a property, take a profit, and then defer capital gains or losses provided the proceeds go to a reinvestment in a new similar used building. Think of house flipping, for instance.
Not all real estate transactions will actually apply to the 1031 Exchange, though; the property you’re reinvesting into would have to be utilized for trade, business or investment. In other words, if you’re living in a house, and then sell it to a buyer, you can’t use your earnings on it to buy another house to live in and then save on the sales taxes you’ll have to pay anyway. It would strictly have to be on the corporate side — a little something aside from the tax write-offs, say, real estate professionals can take advantage of.
So think of a house of cards, getting bigger and bigger. It’s kind of like that idea. Buy a building for, say, $150K and then turn around, sell it for $200K (you’ve just made $50K in profit). You’d have to pay taxes on the profit itself unless you take your entire $200K and invest in another property. This tax benefit often works quite well for house flippers for obvious reasons, but you get the picture. Keep reinvesting on more and more buildings, and you’ll continually make more and more profit over time while saving on your taxes. That’s the idea anyway.
And that’s just one way to maximize your taxes and take advantage of the many possible credits you can obtain. Click here to learn about other ways to increase that tax refund. Are you ready to file that tax return? Sign up with the Income Tax Planning Network and get started today.
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Honestly, some tactics can be downright disgusting when it comes to so-called “tax shelters” (withholding our approval), and others are so smart that we award such experts the veritable title of successful tax giant, like these smart real estate agents with their write-offs. It’s those worthy masters of tax goodness capable of dispelling the old negative adage that is this: oooooh, have to file the taxes, and pray for a decent return.
It’s honestly a pain at times. You can even pay hundreds of dollars to have a CPA do the work for you, but even then you’re not getting back everything you want in a tax refund. And here’s the reason why the outlook is so negative — not many know what to do about tax credits! Or even how many possible tax credits there are.
True, you have to qualify for a lot of tax credits based on income. But even if you’re a middle-class citizen, play the cards right, sign up with the Income Tax Planning Network at a great price, and you can easily rock it with at least one of these great tax shelters:
These tax shelters could make it feel like the government’s paying you.
Unless you sign up for the Income Tax Planning Network. Take a look at your options. If you own some rural land, who knows…. (you might qualify for that kind of tax shelter). What state do you live in? That might make all the difference. What if you’re getting divorced? Not a problem.
But you won’t know unless you contact us. Sign up today and maximize your tax refund.
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What is the network, you ask? Obviously ITPN (the Income Tax Planning Network), the innovator behind the convenient and accurate 2-hour tax return. And since taxes are second to death in this country, we want to make sure we get those done before the grim reaper makes his way toward us. Let’s face it: we all want that great tax refund. But understand that there are definitely must-do’s to do in order to get that tax return filed correctly and on time.
Some of these might actually surprise you a bit. One thing’s for sure: you’re going to need the Income Tax Planning Network to make sure you have all your i’s dotted, t’s crossed, k’s curled, and p’s placed in the right places come tax return time, starting with….
You’ve got two things on your side: information and collaboration. The information is here. Collaboration is right here. Let us collaborate with you to get this done. Because that tax refund’s waiting for the deposit. And you’re on the other end to cash in.
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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.
So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).
On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….
But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?
Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?
ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.
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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.
So what has to be in place? Simply put, government aid. It’s almost a necessity. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).
On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….
But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?
Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective?
ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.
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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.
So what has to be in place? Simply put, government aid. It’s almost a necessity. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).
On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….
But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?
Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?
ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.
Share
Follow Us!
Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.
So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).
On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….
But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?
Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?
ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.
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You’re probably wondering how you could possibly make money just from receiving our benefits. Easy. As a member of ITPN, we’ll put it in perspective for you: if you refer just one friend or family member to us each month, this is what you get, right in your pocket: $40 for each referral.
That’s $480 each year. In your pocket. Get the picture? Makes the Income Tax Planning Network’s $25/month membership seem like pennies when you think about it. And that’s just when you refer only one person a month to us. Want to do the math if you refer five people to us? Or ten people?
How can you not take advantage of this unique benefit?
Thank you for being a part of this family. Please do call our office at 888-203-3030 to set up your free marketing training, starting you off on generating revenue with us right away.
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