by Bruce E. Bell | Dec 1, 2023 | Tax Corner, Bruce E. Bell
Question: I have a lake house which I occasionally rent to my corporation for business use. Am I still allowed to both exclude from tax the rental income I receive and have the corporation deduct the rent paid?...
by Bruce E. Bell | Nov 1, 2023 | Bruce E. Bell, Sales Rep Articles
The 2017 Tax Act introduced a new deduction for pass-through entities. Owners of S corporations, sole proprietorships, partnerships and limited liability companies treated as sole proprietorships are entitled to an income tax deduction of up to 20 percent of their...
by Bruce E. Bell | Oct 3, 2023 | Tax Corner, Bruce E. Bell
Question: I am the beneficiary of a traditional Individual Retirement Account that I inherited from my recently deceased 80-year-old father. What is the best strategy for withdrawing the funds?...
by Bruce E. Bell | Aug 3, 2023 | Tax Corner, Bruce E. Bell
Question: I intend to sell to a charity a vacant lot that I have owned and held as an investment for many years for less than the current value. Can I take a charitable contribution deduction for the difference?...
by Bruce E. Bell | Aug 3, 2023 | Sales Rep Articles, Bruce E. Bell, Insights
Suppose you were asked to design the most taxpayer-friendly retirement plan possible. If given a choice, you would want a plan that allows for generous annual contributions. The contributions would be tax-deductible, regardless of whether or not you itemize deductions...
by Bruce E. Bell | Jun 1, 2023 | Tax Corner, Bruce E. Bell
Question:Â Â Â Â Â Â Â I own a number of mutual funds. Should I be switching my investment assets to ETFs for income tax savings? Answer:Â Â Â Â Â Â Â Â Â Mutual funds and ETFs (exchange traded funds) are common investments for personal portfolios. ETFs are generally considered...
