Like many affluent individuals, you’ve probably worked hard for years to accumulate assets and create wealth. But have you taken steps to protect your hard-earned assets? Asset preservation is as important as asset accumulation in today’s increasingly litigious society.
The Protecting Americans from Tax Hikes (PATH) Act was signed into law in late 2015, so most investors have had time to review how it will affect their portfolios. Here’s a summary of several provisions that provide tax benefits for REITs.
The United States is facing consequences from decades of deferred maintenance and under investment in infrastructure. At the same time, available public fund levels for such projects are low and resistance to increased taxation is high.
If you buy property with environmental issues, you may be liable — even if you weren’t responsible for the presence of contaminants. To best protect yourself, be sure to include environmental review as part of your due diligence.
Making charitable donations is a high priority for many individuals and families. Doing so enables them to financially support charitable organizations and causes they believe in and may lower their income taxes.
In 2005, Congress passed the Energy Policy Act. The law created a tax incentive tied to the design or installation of energy-efficient interior lighting, HVAC, hot water or building envelope systems in commercial buildings.
A small custom homebuilder in a growing suburban area was maintaining a modest stream of business. He had enough jobs to keep his crew busy, but not enough to expand. Nearly all of his projects came through referrals from former customers, who recommended his company to their friends and neighbors.