More important than the quantity of money you make is the quality of money you make. In other words, not just how much you make, but how you make it—where it comes from. There are actually four distinct sources of cash flow. Each is quite different from the other, and each defines and determines a very different lifestyle, regardless of the amount of cash you earn.
The myth of the “kinder, gentler” IRS has been tossed around for decades now, and President Trump would like to do away with IRS all together. Meanwhile, there are two months left in 2018 and before you know it, April 15, 2019 will be here. Have you started prepping your 2018 tax return?
I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business owner or real estate investor. I’m here to tell you what you can legally do to reduce your tax payments to the IRS.