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Selling a big-ticket asset like real estate or a business can sock you with the biggest tax bill of your life. The top rate on capital gains is up to 20%; the new “net investment income tax” is 3.8%, and state taxes can eat up 13.3% more. Depending on where you live, that means the government confiscates up to a third or more of your hard-earned gain!

How can you avoid that bill? Charitable trusts avoid tax on that gain, but mean giving away the principal or the income from the proceeds. Section 1031 exchanges defer tax on real estate gains, but force you to re-invest the proceeds into a “like-kind” property and impose tight deadlines for identifying and closing on a replacement. Are there any alternatives that don’t force you to give away your legacy or reinvest in an asset that you may no longer want? Do you need personal tax advice now?

Now you can take advantage of a little-known strategy to cut the effective cost of selling your asset valued at $500,000 or more to as little as 6.5%. It’s a monetized installment sale, and it uses a third-party dealer in capital assets to defer receiving sale proceeds (and the tax on those proceeds) for up to 30 years. It’s based on tax code rules dating back to 1913 and supported by a 2012 IRS memorandum.

Deferring tax is great, but you probably want the proceeds from your sale now. So, with this strategy, a third-party financial institution can lend you a non-taxable amount equal to 95% of the sale price (93.5% after loan-related costs). You can reinvest those proceeds or spend them however you like.

At the end of the installment period, the Dealer will pay you the agreed selling price that will provide you the money to repay the loan, and you’ll pay the tax with significantly discounted dollars. The strategy even offers significant estate-tax advantages!

Call me today for a free Tax Analysis to learn more about this strategy and see if it makes sense for your business or property! But only if you cann afford to pay less income taxes! Cell 610-945-1954

Some people stay as far away from doing their own taxes as possible. Others are more than happy to dive into last year’s finances and see where they stand with Uncle Sam. A lot of this depends on a person’s overall tax knowledge and comfort level with numbers. Let’s take a look at some of the advantages of getting an Enrolled Agent to do your taxes for you.

You Get to Work With a Human Being (Can You Get Personal Tax Advice From A Computer?)

While certain software can be very helpful, it doesn’t speak English as well as a flesh-and-blood human being can. By working with an Enrolled Agent, you can ask questions and deal with problems as they arise. But deep down, don’t you wonder whether a human accountant could find more deductions that a computer program? Over time, you might actually learn to trust the people helping you out with your taxes. Then you and your Enrolled Agent will be able to come up with some new and clever ways of saving money on your taxes—ways you would have never come up with on your own.

Access to the Correct (and Better) Tools and Tax Knowledge (Tax Reduction Strategies Are More Critical Than Ever Since The Advent of The Affordable Care Act)

Enrolled Agents, as a general rule, work with much more sophisticated tax software than an amateur tax preparer has access to at home. This means less chance of error, which can be a major benefit in the long run. Also, an Enrolled agent will almost certainly be better educated in the tax field than you are. This fact should ensure that you find the most savings possible and that you don’t get caught up in any costly tax mistakes and missed opportunities.

Save Time and Money

There’s a lot of fine print and complicated tax code to sort through come tax time. By working with an Enrolled Agent, you can navigate the ins and outs of tax law with more ease and, possibly, save money. In addition, an Enrolled Agent can assist you in charting out financial strategies and investments in advance. By thinking ahead, you’ll likely save time and money now, and year after year. If you do your taxes alone, you just might miss out some opportunities to keep your hard-earned cash in bank account, which, when all is said and done, is the goal at the end of every working day for just about everyone.

At my firm The Tax Reduction Network, tax season has begun with a flood of new business clients and individuals, all looking to reduce their income taxes. This is the result of the huge success of our two minute tax reduction video newsletter, And referrals from existing business owners and individuals who see the benefits of tax planning and reducing their income taxes to the lowest legal minimum!
When these new clients stream into our office, to my surprise, I find they are used to just dropping off their Information and being told they will receive a call when it’s ready!

In our initial meeting I review the clients previous returns, where I normally find a substantial number of mistakes and missed opportunities that were costing these new clients a small fortune in overpaid income taxes, year after year after year. They truly need personal tax advice.
With new business clients I find their schedule c or corporate returns were never explained to them in detail. They had no idea what they could deduct as a business expense. I normally hear, “this was never explained to me,” I was not aware I could deduct that”. I ask them how they have been with their present accountant or tax advisor. The Response 10 years 15 years! When they see how much less they should have paid, their jaw simply drops!!!

One client said “the savings you showed me I could have paid for my two children’s college educations and had enough left over to buy a new truck!” “I had no idea there were so many ways to reduce your taxes.” This could have all been avoided simply by spending 30 -45 minutes and explaining what needed to be addressed to reduce their taxes to the lowest legal minimum. Don’t you think you deserve better?

Does this sound familiar? The Tax Reduction Network can help you stop the stress and anxiety at tax time. So call us now at 610-945-1954 to set an appointment, are schedule is filling up fast. Or email me at dmwttrn@gmail.com. Sign up for our free two minute tax reduction video, at www.thetaxreductionnetwork.com As a bonus you will receive, Ten Tax Reduction Mistakes Business Owners Make, Ten Tax Reduction Mistakes Individuals Make, and The Tax Benefits of Home Ownership!

Remember, The choice is yours. Keep getting soaked with higher and higher income taxes year after year, or learn how to reduce your taxes to the lowest legal minimum!!!

Philadelphia, Pa.- Robert was just plain angry. “I can’t believe I’m getting nailed this bad. I seem to be supporting the 17 trillion dollar national debt all by myself!” Once again, he had to write a big check with his tax return. Once again he had been told by his accountant that, “There is nothing you can do about it. Somehow Robert knew his accountant was working for the IRS. “He must be. Why else would he be so satisfied to roll-over and play dead for the government.” “I need personal tax advice”, he thought to himself “My accountant has never mentioned any tax reduction strategies that I could use!”

As Robert finished writing his check to the IRS, he was staring at his laptop and was reading a news feed when he saw the headline, “State of the Union Address Declares Tax War on Business Owners and Individuals! President Obama Prepares New Income Tax Package To Send To Congress! Business-Owners and Individuals Are in Washington’s Crosshairs!”

Robert’s blood pressure spiked! The article ended by saying while new taxes were inevitable, there were just as many new tax reduction strategies in the proposed legislation. And that most small businesses & individuals never use even a small percentage of the secrets the IRS preferred people didn’t know. “If business-owners and individuals knew how many ways there are to reduce your taxes, they wouldn’t be complaining so loudly!”, the article ended.

Robert had enough. “I’m going to learn how to fight back legally!” He knew that starting tomorrow, he was going to stop complaining and take action. He was going to learn, “The Top Ten Tax Mistakes Individuals and Business-Owners Make”, by getting a free report at www.thetaxreductionnetwork.com. You too, should learn all the tax reduction strategies that are available that your current accountant or tax advisor is not telling you about, and congress hopes you never learn!

PS: www.thetaxreductionnetwork.com has just made available a new report titled: Tax Benefits of Home Ownership! Its free when you sign up for the 2 minute tax reduction video newsletter.