Conservation Easement Tax Strategy Walkthrough скачать в хорошем качестве

Conservation Easement Tax Strategy Walkthrough

Conservation Easement Tax Strategy Walkthrough John Duncan, Gold Leaf Advisory john@goldleafadvisory.com Are Conservation Easements a Legal Tax Shelter That I Should Consider To Lower My Tax Costs is an education video for those who want the conservation easement explained. Tax shelters for high earners are often a little complex, and the conservation easement program is no different. Conservation easement tax benefits can be substantial. Today, there are even what's called syndicated conservation easements, in which the land protected is put together and sold to a group of high earners who want deductions. The conservation easement tax strategy is explained in this educational video. Wealth Specialist John Duncan shares his insights on this often misunderstood and even abused tax shelter. When conservation easements are done correctly, they can legally save substantial tax costs while protecting real estate from over development. They are definitely not covered in any personal finance for dummies book. This is a tax strategy for high earners and will not help those of average incomes. Many firms overestimate the value of the developed land and end up having it readjusted down by the IRS. A conservative appraisal is the key to having no issues. The conservation easements deduction is legal and was passed into law by both sides of the aisle. Many compare a Roth IRA vs traditional IRA and don't focus on alternative investment strategies that make doing a Roth IRA doable because tax costs are reduced significantly or altogether. Tax deductions for small business owners can disappear as income rises, so conservation easements can provide the type of tax deductions that make a meaningful difference. Tax deductions for self employed follow the same logic. Like everything else, some have forced the IRS to go after those who try to abuse this deduction. When created by competent and ethical professionals, conservation easements are big league tax strategies for high income earners. They may create large tax deductions and can be customized to tax deductions needed. If the appraised value is deemed too high by the IRS, they can reduce the tax deduction value. Avoid firms that give sky high deduction valuations. For more information or to contact: https://www.goldleafadvisory.com or info@goldleafadvisory.com