Timothy Sumer

Sign up for our LIVE Tax Strategies webinars. Twice a month we host an in-depth look at tax strategies for HNWI, real estate owners, rental property owners and landlords. Using •401K, limits of $22,500, $7,500 Catch up and match total $60,000 • Defined Benefit Plans, $265,000 • IRA, ROTH IRA, SEP IRA, Simple IRA, $6,000, $1,000 catch up • Oil & Gas Drilling, 70% to 90% deduction on investment • 1031 Tax-Deferred Real Estate Exchanges • Opportunity Zone Funds• 7702b for C Corps using Cash Value LTC• Captive Insurance • Charitable Remainder Trust and Charitable LLC’s. View our available webinars --- Want information now? Head to our resources page. View our current listings (AI ONLY) View our past listing (General Public) Keywords: real estate, tax credits, tax codes, tax deductions, 2023, federal tax laws, state tax laws, energy-efficient home credit, historic rehabilitation credit, low-income housing credit, Section 1031 exchange, Section 121 exclusion, Sectio...

On this episode of Common Sense Soapbox, Florida Man finds the capital gains tax unfair, as it punishes his financial acumen. Although Sarah argues it forces the rich to pay their ‘fair share,’ Seamus explains it’s anything but — especially when it comes to inflation. ______________________________ CREDITS: Written by Sean W. Malone, Seamus Coughlin, and Lou Perez Animated by Seamus Coughlin Produced & Edited by Sean W. Malone ______________________________ LINKS: ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Capital Gains Taxes Destroy Wealth Capital gains taxes have long been a topic of debate among economists and policymakers. While some argue that these taxes are necessary to promote equity and fund public expenditure, others believe that they do more harm than good. This article will argue that c...

When using Series LLC to own properties in several estates, only one series owns them all or how does it work? * ~ Claim Your FREE 45 minute Investment Strategy Session to receive business planning tips and a clear investment strategy. 👉 Are Solo 401ks impacted by the new IRS rules for IRA accounts? Toby Mathis, Esq. answers these questions along with Jeff Webb, CPA and more during this episode of Tax Tuesday, a bi-weekly FREE LIVE webinar event. Join us LIVE bi-weekly at 👉 8:55 - I own SFH rentals: 2 in UT (home state), 2 in TN, 3 in FL. What is the best way to own them under a Series LLC? When using Series LLC to own properties in several estates, only one series owns them all or how does it work? 14:55 - Business vehicle: Buy or lease? What are the pros/cons of each? Do trucks and SUVs have an added deduction? 24:14 - I'm in the process of selling my home and looking to use the capital gains to purchase an investment property in an OZ i...