LegaLees

clients, students, and interested parties

Does Your Trust Need a Tax ID?

Published: Thu, 08/04/22

Hi Some uninformed banks and often credit unions are forever getting living revocable trusts confused with companies and irrevocable trusts. Some of…

Tax Bracket Changes

Published: Tue, 08/02/22

Hi Last week the House passed a new spending and ta act. It hasn't made it through the Senate yet, but they're trying to get it through. The ta hike…

IRS Pop Quiz

Published: Tue, 07/26/22

Hi, Let’s check your Ta Score. Just answer Yes or No. 1. Are you getting 20% of your profit (small business or real estate) ta free using 199A? We…

Your Most Important Tax Shelter

Published: Mon, 07/18/22

Hi, There are legal ta shelters, and there are illegal ta shelters. As a Federal Ta Court attorney, I have seen lots of the illegal ones. Truth be…

Best Tax Shelter in the IRS Code

Published: Tue, 06/28/22

Hello Real Estate may be the best legal ta shelter in the IRS Code. The question is, are you getting the ma imum ta benefits out of your real estate?…

Putting Your Personal Residence Into an LLC

Published: Fri, 06/24/22

Hello The question often arises, “Should I put my house into an LLC?” The short answer is no. You are probably thinking that the house would be…

Tax Benefits of an LLC

Published: Tue, 06/14/22

Hello Man, people are confused about LLCs and their ta benefits. Let me set the record straight once more. Some of you who are my more regular…

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