Personal Tax
A guide to tax efficient investing
Friday, February 12th, 2010A tax efficient investing can only occur when the tax paid on both capital gains and income is reduced or minimized. It also is required that value is maximized by having tax efficient investments in tax free and taxable account and lesser tax efficient investment are held in tax deferred accounts. • Hold the stocks [...]
Seven Ways to Avoid a Heavy Withdrawal Penalty on Your IRA
Tuesday, April 14th, 2009If you are an IRA owner, perhaps you know that you are marked for a 10 percent penalty in case of withdrawing funds earlier than the stipulated time. You can’t run away from these deductions in a normal scenario but if you can illustrate urgency then you might get away with the 10 percent penalty [...]
Property tax protest
Sunday, January 25th, 2009Raising property taxes over non-commercial properties has always annoyed the common man. So if you have received another appraisal letter, it s time to protest or file some papers. Most people believe that taxpayer’s subsidy hardly reaches the public and with lot of government funds de-liquidated owing to sub-prime crisis, the government is looking to [...]
What is negative gearing?
Friday, January 23rd, 2009Have you ever heard of a kind of leveraged speculation in which a borrower borrows money to purchase an asset but then falls short of earning through that? This is because his mortgage is higher than revenue generated through the asset. This is known as Negative gearing. It’s the opposite of positive gearing where you [...]