• Posted on January 3, 2021
• Ian Zheng

Hiring your children and family members is one of the most powerful tax strategies used by entrepreneurs today. Many people don’t realize that their children or grandchildren, whether they’re under 18 or adults, are the most affordable labor. More importantly, it’s an excellent strategy to minimize tax liability and enjoys a host of other ancillary [...]

• Posted on January 3, 2021
• Ian Zheng

Owning a Self-directed Roth account is a great way to build your net-worth, tax-deferred, or tax-free. Especially the Roth account. You can only contribute $6,000 per year into this account, that’s why my biggest regret is that I didn’t start this account earlier. What Is a Self-Directed IRA (SDIRA)? A self-directed individual retirement account (SDIRA) [...]

• Posted on January 3, 2021
• Ian Zheng

As is known that over the years, the tax basis for a 1031 like kind exchange properties are likely to be a number close to zero. What’s the best strategies to exit a 1031 like kind exchange? 1. Hold until you die. Your heirs will get a step up in basis so the tax goes [...]

• Posted on January 3, 2021
• Ian Zheng