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Tax Benefits of Real Estate Investing

Investing in real estate is a popular way to diversify your portfolio, turn a hobby into a financial gain or even create a new primary stream of income. From active investments like rental property management, to passive investments like real estate investment trusts...
5 Types of Businesses & How to Choose the Right One

5 Types of Businesses & How to Choose the Right One

Starting a business involves a lot of decisions, and one of the most important ones is choosing between the different types of businesses to establish your entity. Which type best suits your operations will depend on factors like who’s involved in the business, how...
What Is Deferred Compensation & How Is It Taxed?

What Is Deferred Compensation & How Is It Taxed?

Deferred compensation is an agreement where employees can receive a portion of their earned wages at a later date. If you’re an employee of a business, you may be eligible for a deferred compensation plan. While deferred compensation is optional, these plans can be a...
Are HOA Fees Tax Deductible? It Depends

Are HOA Fees Tax Deductible? It Depends

For some homeowners and renters, HOA fees are unavoidable yearly expenses. Depending on the home and location, HOA fees may be a steep cost at hundreds of dollars or as much over $1,000 each month for certain high-end communities. With such a big cost associated with...