Capital Gains Tax Explained📈 How Stocks are Taxed! How Do Capital Gains Work? 📈 (Capital Gain Tax Rules Explained) How Stocks and Dividends Are Taxed! Our complete investing library can be found here: Stock Market Investing: https://goo.gl/hi2kK4 Dividend Investing Playlist: https://goo.gl/njSrk2 Free handout and links to tax forms: https://www.dropbox.com/s/hlulphh605k7mwc/capital%20gain%20tax%20rules%20for%20audiance.docx?dl=0 Schedule D instructions: https://www.irs.gov/pub/irs-pdf/i1040sd.pdf Form 8949 Instructions: https://www.irs.gov/pub/irs-pdf/i8949.pdf Form Schedule B Instructions: https://www.irs.gov/pub/irs-pdf/i8949.pdf IRS publication 17: https://www.irs.gov/pub/irs-prior/p17--2017.pdf Video time stamps so you can skip ahead like a boss! • How Capital Gain Tax Rates Save You Big On Taxes - 1:00 • What types of income are subject to capital gain rates? - 1:53 • Capital gain rate treatment for qualified dividends - 4:00 • Capital gain long term/Short-term holding period rules - 6:08 • When do I have to pay taxes on my stocks or dividends? - 7:24 • Recognized gain/losses vs unrecognized gains/losses - 9:50 • How are capital gains calculated? 11:00 • What about stock losses and taxes? 12:16 • Capital gain ordering rules 14:00 • Stock wash sale loss rules: 15:40 • Worthless stock and securities: 16:53 • Where do I report capital gains for taxes?(Form SCH D) (Form 8949) (Form Schedule B) 17:06 • What tax statement is used for Capital gains and dividends? 19:25 • What is net investment income taxes? 20:28 • Capital gains and state income taxes 21:23 • Tax advantages of being a long-term investor 22:31 How to make estimated tax payments video: https://youtu.be/rjTMjAvRyhM Only two types of income qualify for capital gain rate treatment - Qualified dividends - Long-term capital gains from the sale of stocks or other investment property Things to know about Qualified Dividends 1A. Holding Period - Common stock investors must hold the shares for more than 60 days during the 121-day period that starts 60 days before the ex-dividend date. For preferred stock, the holding period is more than 90 days during a 181-day period that starts 90 days before the ex-dividend date. 2A. Types of Dividends – Although qualified dividend treatment is common among many stocks not all dividends can get qualified dividend treatment. REITS (Real Estate Investment Trusts) cannot receive qualified dividend treatment under the internal revenue Code. Things to know about Long-Term Capital Gains 1A. Holding Period (Long-Term) – To get long-term capital gain rate treatment on your sale of publicly traded stock you have to hold the stock for more than a year. Notice I did not say one year exactly. I said more than one year so a year and 1 day would suffice. Holding Period (Short-term) – If you hold the stock for one year or less you receive short-term treatment which means it is taxed at ordinary income rates and what does ordinary income rate mean? It means you are paying taxes at the highest rate. This specific tax rule is a major drawback for an investor who likes to actively trade stocks. They are always paying taxes at the highest rates. When do I have to pay taxes on my stocks? Dividends - Dividends are taxable in the year received. Recognized Gain/(Loss) on sale of stocks - If you are new to investing it is important to know that taxes will only come into play once you sell the investment. Once you sell the investment you will recognize either a gain or loss. Unrecognized Gain/ (Loss) - If you are just holding an investment and have not sold it you will have a unrecognized gain/ (loss) For example I currently have an unrecognized gain on my Amazon stock of $7,000. If I sold it I would recognize a long-term capital gain of $7,000 since I have held the stock for more than a year and pay capital gain rate taxes on $7,000. How are capital gains calculated? To calculate gain on sale Fair market value of stock when sold - original purchase price (Cost Basis) Example: I sell Amazon stock for $2,000. My cost basis at the time of purchase was $800; therefore I recognize a capital gain of $1,200. What happens if I lose money on the sale of stocks? When you go to sale your securities if you lose money it’s not all bad news. Any loss recognized can offset capital gains. Example: If you recognize capital gains of $2,000 and recognize a loss of $500 you reduce your overall capital gain and pay tax only on $1,500.
Views: 5393 Money and Life TV
Views: 1943 Pacific Northwest Tax School
With Tax Day (April 15th) approaching, here is your (mostly) complete guide to federal income taxes, state income taxes, tax returns, IRS forms, IRS refunds, 1040EZs, 1099s, and other things you need to know in order to file your tax return. (TL;DR: don't worry, you got this.) Support How to Adult on Patreon at http://www.patreon.com/howtoadult Our other tax video, How to Do Self-Employment Taxes: https://www.youtube.com/watch?v=bGyEF5zTxJY "How to Adult" is a "life skills" edutainment channel executive produced by Hank Green and John Green. Subscribe for new videos every week! Tumblr: http://learnhowtoadult.tumblr.com Twitter: http://www.twitter.com/learnhowtoadult Facebook: http://www.facebook.com/learnhowtoadult VIDEO LINKS: IRS Free File: http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free TurboTax: http://www.amazon.com/gp/product/B00FFIMBOA/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=B00FFIMBOA&linkCode=as2&tag=tmicmar-20 IRS W-4 Info: http://www.irs.gov/Individuals/International-Taxpayers/Withholding-Exemptions---Personal-Exemptions---Form-W-4 1040 Form(s): http://www.irs.gov/taxtopics/tc352.html Form 4868: http://www.irs.gov/uac/Form-4868,-Application-for-Automatic-Extension-of-Time-To-File-U.S.-Individual-Income-Tax-Return Schedule A: http://www.irs.gov/uac/Schedule-A-(Form-1040),-Itemized-Deductions 1099 Form(s): http://search.irs.gov/search?as_sitesearch=www.irs.gov/Help-%26-Resources/Tools-%26-FAQs/FAQs-for-Individuals&q=1099&output=xml_no_dtd&proxystylesheet=irs_portals_frontend&client=irs_portals_frontend&oe=UTF-8&ie=UTF-8&num=10&ud=1&exclude_apps=1&site=default_collection&numgm=5&requiredfields=-archive:1&&access=p&sort=date:D:L:d1&entqr=3&entqrm=3 National Association of Enrolled Agents: http://www.naea.org/ Co-created by: Emma Mills http://www.youtube.com/elmify Directed, Edited, Hosted and Co-written by: T. Michael (Mike) Martin http://www.youtube.com/tmikemartin (Mike is also a Young Adult novelist. His book, THE END GAMES, is available at all online booksellers, including Amazon: http://www.amazon.com/gp/product/0062201816/ref=as_li_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=0062201816&linkCode=as2&tag=tmicmar-20&linkId=CF4ULRBEW6LATV3C) Executive Produced by: Hank and John Green http://www.youtube.com/vlogbrothers Co-writer and Tax Adviser: Gary A. Hensley, MBA, EA (You can check out Gary's blog at http://taxsolutionsforwriters.com/) Notes on the W-4: Two general examples about "tweaking the W-4" are important enough to review here: (1) You may be single and claim 1 exemption but you have other significant investment income (such as dividends, interest, or capital gains) on which no federal income tax is withheld that will be added into your tax return at the end of the year. While 1 exemption might cover the tax due on your wages, it is doubtful it will cover your investment income, so folks in this position, will usually claim zero exemptions to have more income tax taken out to also help cover the investment income. (2) You are newly married, and you and your spouse update your W-4 to claim "married" with 1 exemption. This 1 exemption could be sufficient to cover each spouse's income but when the two incomes are combined on their joint tax return, it will "push" a portion of their income into a higher tax bracket (called the "marginal tax bracket") that the withholding tables do not factor in. Thus, the newly married couple could owe a significant income tax balance at the end of the year. This married couple should consider claiming zero exemptions on their W-4's and also the option to voluntarily "add" a fixed dollar amount to their federal withholding such as $25 per paycheck. They also have the option of checking the W-4 box that says, essentially, "I am married but want my withholding deducted as if I were single." The single withholding tax table takes a larger amount of income tax at every level of income earned. INFO ABOUT THE SCHEDULE A: If you itemize deductions such as mortgage interest, property taxes, contributions, union dues, and medical expenses, those items will be included on Schedule A. Itemized deductions will ONLY be used if that total exceeds the amount of your standard deduction for your filing status. The 2013 standard deduction for a single filer is $6,100 and for married, filing jointly it is $12,200. These amounts will go up slightly for 2014 returns. Each exemption (personal and dependent) is worth $3,900 in 2013. In short, this means that a single filer, in 2013, could have income up to $10,000 ($6,100 + $3,900) and owe no income tax (thus getting a full refund of federal income taxes withheld). To get the $3,900, the single filer must not be claimed as a dependent on someone else's return. INFO ON TAX EXTENSIONS (FORM 4868): http://www.irs.gov/uac/Newsroom/Can't-File-By-April-15,-Use-Free-File-to-Get-a-Six-Month-Extension-2013
Views: 462112 How to Adult
Morris Invest: Rental Property Tax Deductions My mentor in real estate investing once said "if you invest in real estate and you're paying taxes then you're doing it wrong." In this video the team at Morris Invest is walking through ten tax deductions that you can take today if you're a real estate investor. DOWNLOAD our FREE Freedom Number Cheatsheet here: https://morrisinvest.com/freedom-youtube VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: http://www.morrisinvest.com LISTEN TO THE PODCAST: iTunes: https://itunes.apple.com/us/podcast/investing-in-real-estate-clayton/id1115024566?mt=2 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 126604 Morris Invest
https://turbotax.intuit.com If you purchase stock in a corporation or invest in a mutual fund that periodically pays dividends, the payments you receive throughout the year can provide you with some extra income. Though you must always report the dividend income on your tax return—it doesn't always mean you will pay tax on it. Find out more about taxes on dividends with this helpful tax tip video from TurboTax. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/
Views: 17855 TurboTax
Income tax return filing requirements (How to Know When to file a tax return.) In this video you will learn when you have to file a federal income tax return form 1040. Also you will learn what amount of money you can make before you need to file. To learn more about taxes see my complete Federal Income taxes playlist here: https://www.youtube.com/playlist?list=PLSofnwEEZdUwO76397C824IRz5xofXEQz Free handout can be found here: https://www.dropbox.com/s/inb2ai4duz2jkhd/Taxfiling%20requirements%202018.docx?dl=0 other notes: If under 65 and someone else can claim you as a dependent • Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. • Your gross income was more than the larger of $1,050 or your earned income up to $6,350 or greater. If over 65 and someone else can claim you as a dependent • Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. • Your gross income was more than the larger of $2,300 or your earned income up to $7,600 or greater. Note this worksheet is created for educational purposes only and is not to be taken as legal or tax advice. Always verify tax filing requirements each year via the IRS 1040 instructions. Numbers and filing requirements change slightly each and every year. The link to the 2017 Instructions can be found here. https://www.irs.gov/pub/irs-pdf/i1040gi.pdf Earned Income - includes salaries, wages, tips, professional fees, and taxable scholarship and fellowship grants. Gross income is the total of your unearned and earned income. Unearned Income - includes taxable interest, ordinary dividends, and capital gain distributions. It also includes unemployment compensation, taxable social security benefits, pensions, annuities, and distributions of unearned income from a trust. Gross Income - is the total of your unearned and earned income. ***All of the content created on Money and Life TV is for your entertainment and education only, and should never be taken as legal or tax advice. Although I make educational videos that people better understand finances, investing, taxes, etc. I do not have capacity or the adequate resource to provide specific tax or financial advice over the internet. In other words please do not treat me as a free tax or free financial service. Other than that....enjoy the videos and thank you for all of the support!
Views: 2630 Money and Life TV
Amazon paid $0 in federal income taxes in 2018. On top of that, the company also received a multi-million dollar tax rebate from the federal government. How does the company do it? President Trump's tax cuts, aggressive revenue reinvestment, years of R&D, and employee stock compensation all helped. Does America have a corporate income tax problem? Amazon is one of the world's most valuable companies, valued at nearly $800 billion, and the e-commerce giant pulled in $232.9 billion in global revenue in 2018. And yet, Amazon's federal tax bill this year: $0. For the second year in a row. In fact, Amazon is actually getting a federal tax refund of $129 million this year, due in part to a combination of tax credits and deductions. This is despite the fact that Amazon nearly doubled its taxable income in 2018 to $11.2 billion, from $5.6 billion a year earlier. In other words, Amazon is basically paying a -1 percent federal income tax rate this year after reportedly paying a federal rate of more than 11 percent between 2011 and 2016, according to The Week. Sen. Bernie Sanders, I-Vt., who has criticized Amazon in the past for not paying higher federal taxes, took to Twitter to point out that any Amazon Prime member paid more for that program's annual fee ($119) than the company paid in federal taxes. Prime has 100 million subscribers. "Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years," an Amazon spokesperson said in a statement provided to CNBC Make It. Amazon reported its sizable federal refund in a recent corporate filing for the company's fourth-quarter earnings report. However, Amazon also notes in that filing that it will pay $756 million in total taxes this year, between state and international taxes. A report this week from the Institute on Taxation and Economic Policy, or ITEP, a nonpartisan and nonprofit tax policy think tank, pointed out the fact that Amazon will not pay federal taxes for the second year in a row. In fact, last year, Amazon received an even larger refund, getting $137 million from the federal government. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Amazon #Taxes How Amazon Paid $0 Federal Income Tax in 2018
Views: 1963526 CNBC
(Tax Cuts and Jobs Act 2018) 2018 Income Tax Changes for individuals explained! (2018 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW.... Learn about Donald Trump's new tax laws. Tax Reform 2018. 2018 Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return. You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/7q0595b3kt9jv5t/2018%20tax%20updates.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • Regarding filing your tax return as of 4/15/18 - 0:52 • References used to create spreadsheet - 1:39 • The actual tax bill - 2:07 • The 2018 Federal Income Tax Bracket Rates - 3:40 • About your payroll withholdings - 4:40 • Changes to the 2018 standard deducatoin - 5:04 • 2018 Personal Exemptions - 5:46 • Child tax credit rules for 2018 - 7:36 • 2018 State and local tax law changes - 8:20 • 2018 Mortgage interest deductions - 10:03 • 2018 Miscellaneous itemized deductions - 12:03 • 2018 Education and 401(K) Rules - 12:47 • Alimony rules for 2019 - 14:06 • 2018 Federal Estate Tax Exemption - 15:42 • Alternative Minimum Tax - 18:59 • Affordable care act tax penalties - 19:32 • 2018 Capital Gains, Charitable Contributions, Moving expenses, etc - 20:26 Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 200348 Money and Life TV
There are some sources of income which are tax free in India. You don't need to pay any income tax on these income. In this video I talk about 9 such sources which are: 1- Income Tax on Agricultural Income 2-Income tax on Long Term Capital Gain in Equity 3-Income tax on Savings Bank Interest 4- Income Tax on receivable from HUF 5-Income Tax on share of profit from a partnership firm 6-Income Tax on Allowance for Foreign Services 7- Income Tax on Gratuity 8-Income tax on amount received in VRS 9-Income tax on Scholarship and Awards Music Credits: Carefree by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1400037 Artist: http://incompetech.com/
Views: 315975 Average Indian
This video has basics of Income Tax calculations with detailed example based on FY 2016-17 tax calculations - help you how to calculate Income Tax Most of us have no clue on how and what basis income tax is calculated on our income. We blindly believe on our company's Finance department or our tax consultant and do not even check the calculations. So, in this video, we have tried to simplify how Income tax is calculated on your income. Income tax assessment comprises of following stages: -Computation of total income. -Deducting valid deductions. -Determination of the tax payable thereon. -Paying the tax. -Filling Income Tax Return Form Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Views: 147824 Yadnya Investment Academy
In today’s episode, I’m going to give you some insights into the world of taxes so that you can make the type of personal financial decisions that help you pay just what you need to and not more. If you have any questions after watching my video, make sure to leave them in the comment section below! Update: There is a calculation error at 1:19. It should be $44,718 with tax of 9,167.19 (at 20.5%) for total taxes of $15,959.19 and an average tax rate of 17.7% (74,040.81 leftover after taxes). ---------------------------------------------------- Visit PWL Capital: https://goo.gl/uPcXg7 Follow PWL Capital on: - Twitter: https://twitter.com/PWL_Capital - Facebook: https://www.facebook.com/PWLCapital - LinkedIN: https://www.linkedin.com/company/pwl-capital Follow Susan Daley on - Twitter: https://twitter.com/_SusanDaley - LinkedIN: https://linkedin.com/in/daleysusan
Views: 61019 Susan Daley
For more on Canadian real estate investing visit: http://stefanaarnio.com/category/canadian-real-estate/ Taxes on real estate investments in Canada can be confusing, but this video should help you get the basics. Hire a professional accountant for a more detailed strategy.
Views: 10261 Stefan Aarnio
Tax-efficient investing is what Vanguard is known for. They just sent out a summary of their "model portfolios" and highlights the gross and after tax returns of each. Which I love. And you should too. You can find it here. https://advisors.vanguard.com/web/cf/vanguard-models/?INCMPGN=IN:BR:XX:FAS:XX:20180514:ALL:XX:LINK:MODPORT:TAX:EFFICENCY Their 100% equity portfolio lost 6% of its returns to taxes over the last 5 years. Gross returns were 10.63%. After tax returns were 10.01%. (After tax returns use the highest possible federal rate at the time of distribution but does NOT include state tax.) Their 100% fixed income portfolio though gave away 50% of its returns to taxes. Before tax it averaged around 2%, after tax, 1%. That, my friends, is a big deal! In this episode you're going to learn how to avoid all that. 3 accounts. $100k in each, a Traditional IRA, a Roth IRA and a Taxable account. You are a 50/50 investor, that is 50% stocks and 50% bonds. Where you hold your stocks and bonds in which account can make a HUGE difference in your ability to create wealth. I'll show you exactly what to do in this video. ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 GET MY BOOK: Strategic Money Planning: 8 Easy Ways To Put Your House In Order It's FREE if you're a Kindle Unlimited Subscriber! https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910
Views: 116 Heritage Wealth Planning
The surtax is another tax levied on other taxes. It can be calculated as a percentage of a certain amount or as a flat dollar. Generally, specific government programs are funded with a surtax, whereas sales taxes or regular income are used for a variety of other programs. It enables taxpayers to easily see how much money was collected by the government and how much of that money was spent on government programs. In 1968 President Johnson enacted a 10% surtax. It affected individuals and corporations. It was enacted in order to cover the cost of fighting the Vietnam War. It was clear for the public to see how much of that money was contributed to the war effort. Most of the Americans today do not know the exact tax dollars which are given by taxpayers to fund military spending and it shows the difference in transparency. Taxes levied on individuals or businesses are generally involuntary. In a socialist country, people very often do not want to pay taxes by themselves but they are very eager to vote for taxes for others in order to receive certain benefits. In economics, we need to understand that consumers pay taxes which are included in every product and service. It is not only businesses and rich people who are affected by high taxes but poor individuals as well. SUBSCRIBE FOR MORE YOUTUBE VIDEOS ▶︎ https://www.youtube.com/channel/UCJ8CpZtFx9U7WR3w26R_Xew?sub_confirmation=1 ------------------------------------------------------------------------- ADD US: ★ Facebook: https://www.facebook.com/xxreport/ ★ Twitter: https://twitter.com/xxreports ★ Tumblr: https://xxreport.tumblr.com/ FOLLOW US ON: ★ Google+ → https://plus.google.com/111296173907730693681 ★ OUR WEBSITE → https://www.xxreport.com
Views: 25 XXReport
A brief explanation and example of the calculation of capital gains with issues involving multiple purchases, reinvested dividends, stock splits, and fractional sales.
Views: 5785 Peter Russell, CA
https://thornburg.com/pdf/TH1401_real_real_returns.pdf ================================ If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 My Amazon Product page: https://www.amazon.com/shop/heritagewealthplanning Anything you buy there Amazon pays me a commission. Much appreciated! If you received value from this video and/or channel, and want to say thanks, feel free to send a donation via Paypal. I'm not too proud to ask! https://bit.ly/2Gq1QsE Contact me: [email protected] GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It https://amzn.to/2LHwQpt Strategic Money Planning: 8 Easy Ways To Put Your House In Order https://amzn.to/2wKGi50 State by State Tax Guide For Retirees: https://amzn.to/2A1TmkH GET ALL MY LATEST BLOGPOSTS: https://heritagewealthplanning.com PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 http://heritagewealthplanning.com/category/podcasts/ LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910
Views: 601 Heritage Wealth Planning
Business Career College is a national financial services education provider. See our insurance, financial planning and continuing education courses, including self-paced and instructor led options, at https://www.businesscareercollege.com For great industry articles, follow on Twitter (https://twitter.com/JasonWattBCC) or like on Facebook (https://www.facebook.com/BusinessCareerCollege/).
Views: 7927 BCC Education
Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar How to do taxes as a college student? How do taxes work? What are some of the best ways to avoid taxes? What does it mean when someone writes off something in their taxes? Keep mind, I summarized a lot of stuff that is not "perfect" by the books, but if you don't make a lot of money, you'll likely not get audited for grey area deductions such as cell phone, and office room rent. The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineeredtruth ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Views: 613631 ENGINEERED TRUTH
8 Tax Deductions for Real Estate Investors 2018 My favorite tax accountant Tom Wheelwright likes to say, “if you’re a real estate investor and you’re paying taxes, then you’re doing it wrong.” One of the top benefits of real estate investing is the enormous overall implication on your tax burden. In this video, I’m sharing eight deductions your tax advisor should be accounting for. I’ll talk about expenses like travel, education, and much more. If you want to make sure you have all your bases covered in order to lower your taxes, this video is for you! You'll learn about eight specific deductions you should be looking for in order to offset your income and maximize your tax benefits. I'll talk about travel, depreciation, home office, and much more. Press play to learn about eight tax deductions for real estate investors! Show notes page for this episode: morrisinvest.com/episode225 ProVision Wealth Strategists: https://goo.gl/BPr1cK EP022: How to Maximize Depreciation - Interview with Tom Wheelwright: http://morrisinvest.com/episode22 EP109: How to Write off Date Night on Your Taxes: http://morrisinvest.com/episode109 EP202: How Your Kids Can Invest in Real Estate with an IRA: http://morrisinvest.com/episode202 Tom Krol Wholesaling: The Easiest and Fastest Way to Make Money in Real Estate: https://goo.gl/SB4cyY Home Office Deduction - IRS: https://goo.gl/Z9MmHV BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 69901 Morris Invest
We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a few historical scenarios where bad tax policy led to revolutions. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 619526 CrashCourse
SelectUSA Video Series on Investing in the United States: Understanding the U.S. Tax System
Views: 1410 USEmbassyLondon
"The Progressive Income Tax" is one of those economic terms that gets bandied about, but few actually know what it means or how it works. This tale of three similar brothers with three different incomes (but one shared expense) helps explain the tax system under which we live. Adapted from an article by noted investor and economist, Kip Hagopian, and narrated by actress Carolyn Hennesy of "General Hospital" and "True Blood" fame, this animated story will change the way you think about how you pay your taxes. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: Once upon a time, there were three brothers, triplets, named Tom, Dick, and Harry Class. They were raised in the same home, with the same parents, had the same IQ, same skills and same opportunities. Each was married and had two children. They were all carpenters making $25 per hour. While they were very similar in all these respects, they had different priorities. For example, Tom, chose to work 20 hours per week, while his brother, Dick worked 40 hours and Harry 60. It should also be noted that Harry's wife worked full time as an office manager for a salary of $50,000. Dick's wife sold real estate part time 10 hours a week and made $25,000 per year. Tom's wife did not work. Tom and Dick spent all of their family income. Since they paid into Social Security they figured, they didn't need to save for retirement. Harry and his wife, on the other hand, had, over many years, put away money each month and invested it in stocks and bonds. Here's how it worked out: Tom made $25,000 a year, Dick and his wife made $75,000 and Harry and his wife, $150,000. When a new housing development opened up in their community, the brothers decided to buy equally-priced homes on the same private street. One day the brothers decided to pool their funds for the purpose of improving their street. Concerned about crime and safety, and wanting a more attractive setting for their homes, the three families decided to install a security gate at the street's entrance; repave the street's surface; and enhance the lighting and landscaping. The work was done for a total cost of $30,000. Harry assumed they would divide the bill three ways, each brother paying $10,000. But Tom and Dick objected. "Why should we pay the same as you?" they said. "You make much more money than we do." Harry was puzzled. "What does that have to do with anything?" he asked. "My family makes more money because my wife and I work long hours, and because we have saved some of the money we've earned to make additional money from investments. Why should we be penalized for that?" "Harry, you can work and save all you like" Tom countered. "But my wife and I want to enjoy ourselves now, not 25 years from now." "Fine, Tom. Do what you want. It's a free country. But why should I have to pay for that? "I can't believe your being so... unbrotherly," Tom argued. "You have a lot of money and I don't. I thought you'd be more generous." At this point, Dick, the peacemaker in the family, entered the conversation. "I've got an idea," Dick said. "Our combined income is $250,000, and $30,000 is 12 percent of that amount. Why don't we each pay that percentage of our income? Under that formula, Tom would pay $3,000, I would pay $9,000, and Harry would pay $18,000." "I have a much better idea," said Tom. "And one that's fairer than what you're proposing." For the complete script, visit https://www.prageru.com/videos/progressive-income-tax-tale-three-brothers
Views: 10592346 PragerU
Retirement Income Planning is critical for soon-to-be and current retirees. Because it is so important you MUST get as specific as you can for YOUR situation. This means not relying on rules of thumb. Or financial planning concepts that are somewhat dated. Or generalizations of the tax code. In this video, I dissect a recent article in the Atlanta Journal- Constitution where the author completely misses the mark with his analysis of the tax consequence a hypothetical retired couple will pay. Because of this error, the couple will engage in part-time employment to generate income when in fact under current tax law they would not need to do that. In fact,, with proper tax planning, this couple could have used the time they spent working part time in order to do something maybe more meaningful. So, in this article, the author has the couple paying a 17.22% tax rate on gross income of $100k which includes $42,000 of Social Security. This GREATLY over states the taxes these folks will pay, nearly by a factor of 3! Under the new Trump tax bill, each taxpayer has a standard deduction of $12,000. So, immediately, this couple's taxable income drops to $76,000. For a married couple with taxable income below $77,000 means they are in the bracket. But it gets better for them. Social Security is much more tax-favorable than straight ordinary income. Depending on your PROVISIONAL INCOME a significant amount of your Social Security will escape taxation. Unfortunately, by heeding the author's advice and working part time, this couple will pay tax on 85% of their Social Security benefits. This is the maximum allowed by law and actually increases their taxes by 50% as compared if they did not work! Does that extra income from working give them more needed disposable income though? NO! The author states they need roughly $83k a year to live comfortably in retirement. He puts them in a 17.22% tax bracket and lo and behold, $100k of gross income nets them the $83k they need. But in reality, by NOT working, they have $88k of gross income, pay about $5k in taxes and still net the $83k! Also, this assumes their investment income is ALL taxed as ordinary income rates. What if were long term capital gains (LTCG) and/or qualified dividends(QDI)??? In this case, there would be a good chance NONE of that investment income is taxed at all because of the favorable tax treatment for those in the 12% and lower brackets on LTCGs and QDI. Remember if you are in the 10% and 12% tax brackets, (that means your TAXABLE INCOME is below $77,000 MFJ) you pay 0, yes I said 0, in tax on capital gains and income! So, it's even likely that I am over-estimating this fictitious couples tax simply because I don't know from where their investment income derives. Either way, on the basis of NOTHING ELSE other than the new Standard Deduction rules we know, for a fact , this couple will only be in the 12% MARGINAL tax bracket. This means, the first $19k is taxed only at 10% and the next $58k of TAXABLE INCOME is taxed at 12%, unless some of that income is LTCGs and QDIs then that portion is taxed at 0. So, what does all this mean for you??? You've got to know the true nature of your taxes. Taxes are one of the largest, if not THE largest, expense retirees have. If we overestimate taxes by such a significant amount we are risking the clients will be too conservative in their spending and not fully enjoy their beginning stages of retirement. The last thing we want to happen is for a widow to have more money in her accounts than she knows what to do with being disappointed because she and her late husband didn't do more, out of worry of running out of money. ================================= If you like what you see, a thumbs up helps A LOT. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEz... GET MY BOOK: Strategic Money Planning: 8 Easy Ways To Put Your House In Order It's FREE if you're a Kindle Unlimited Subscriber! https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/j... LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthpla... Linkedin: https://www.linkedin.com/in/joshscand... Quora: https://www.quora.com/profile/Josh-Sc... Google +: https://plus.google.com/u/1/108893802...
Views: 79676 Heritage Wealth Planning
For an experienced SF Bay Area real estate agent visit http://iLiveInTheBayArea.com Like me on Facebook: http://fb.com/iLiveInTheBayArea Thumbs up, favorite, share, subscribe and make a comment! Most people are aware of the fact that when you sell a long term investment such as real estate or stocks, you have to pay taxes. But did you know there's a way you can defer that and not even pay a SINGLE PENNY?? It's called a 1031 Tax Deferred exchange. If you're looking to avoid paying capital gains tax, the 1031 exchange is by far the most common financial technique...now that's good to know. Contact Davide Pio Today | SF Bay Area Real Estate http://iLiveInTheBayArea.com | 510-815-2000
Views: 70743 Davide Pio - CCIM, LEED AP
This video explains how and where to show property income on your Self Assessment tax return, including where to claim the new £1,000 property allowance. If you need to send a payment to us or can’t pay your tax bill on time, you should visit https://www.gov.uk/pay-self-assessment-tax-bill. It has information about all the ways you can pay, including how to set up payments in instalments. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer. You can find it here: https://online.hmrc.gov.uk/webchatpro... For more information on letting out property, why not try our online guide. You can find it here: http://www.hmrc.gov.uk/courses/syob3/new_letting/HTML/new_letting_menu.html Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-r... For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 128330 HMRCgovuk
Do you want to know the best ways to own your Canadian real estate investments? This video reveals the latest tax-saving tips and tricks to show you how. 0:35 – 1. Sole Proprietorship 2:32 – 2. General Partnership 4:43 – 3. Limited Partnership 8:14 – 4. Corporation Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video. Music: Perspectives by Incompetech Animation: Created with GoAnimate
Views: 36432 Allan Madan
The US has a problem with income inequality. The current tax code makes it worse. Correction: At 2:20, we say that the Glenstone Museum is only open for private tours. But, in fact, it’s free and open to the public for scheduled tours. Subscribe to our channel! http://goo.gl/0bsAjO Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. The gap between the rich and the poor in America looks more like developing countries than other Western nations. Trump and the GOP have proposed tax plans that will give massive tax breaks to the wealthy while it remains unclear if the middle class will get a tax benefit. Deductions give a greater proportion of tax breaks to people with higher incomes. The same charitable contribution from two different incomes will benefit the higher wage earner, because deductions give tax breaks in proportion with tax brackets. Other countries have eliminated certain tax deductions in favor of tax credits. Credits give breaks in proportion to the amount you give, not the amount you owe. There are two kinds of income in the US. We tax wage income at a higher rate than income earned in stocks and bonds. That means people who get their income from capital gains and stock market interest pay fewer taxes than the same income of someone who works for a paycheck.
Views: 2180403 Vox
How to invest in real estate: Here’s exactly how you can buy your first rental property, step by step, and the process involved. Enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Get $50 off for a LIMITED TIME with code ThankYou50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c Step 0: Because this is where it starts, you’re going to need a downpayment. How to save for a house: https://www.youtube.com/watch?v=qyQOoCmamIk&t=2s Step 1: Unless you’re buying a property outright in cash, which I have a feeling is very few of you watching…get your credit in order. How to build your credit: https://www.youtube.com/watch?v=ukaWAjgkH9M&t=4s Step 2: Make sure you have your tax returns prepared. If you’re self employed like me, a lender will ask for your last 2 years of tax returns and take the average income of those two years. Be ready for this! Step 3: TALK TO A LENDER FIRST BEFORE YOU DO ANYTHING. First, you’ll know EXACTLY what you can qualify for so you won’t waste your time. Secondly, if you find the right place, the lender already has all of your information so you can hit the ground running. And anytime you find a spot that’s worth buying, chances are, you’re competing with other people who want the exact same thing. So timeliness really, really matters here…the faster you are, the better the deal you can get. Step 4: BEGIN LOOKING AT PROPERTIES. This is really meant to be the fun part…look at EVERYTHING you possibly can within your price range. How to find a good deal: https://www.youtube.com/watch?v=9nHDT5XL4KY&t=36s Step 5: Determine cash flow. The reality is that 95% of properties just don’t make sense to purchase for an investment…they lose money. It’s also the reality that at a certain price, EVERYTHING makes a great investment - it’s really important to understand these numbers. Three ways to make money owning real estate: https://www.youtube.com/watch?v=h8wNUaBgZTk&t=19s Mortgage Calculator: www.MortgageCalculator.org Step 6: Look at properties that need minor cosmetic renovations! Most profitable renovations: https://www.youtube.com/watch?v=kW76liexoBY&t=2s Biggest Mistakes: https://www.youtube.com/watch?v=Tof5GMD0akc&t=46s Step 7: MAKE OFFERS ON PROPERTIES! Expect that not every offer will work out…for me, I lose out on many offers because I offer a price where the numbers make sense, and if it’s any higher than that, I won’t buy it. Step 8: Do your inspections! Make sure to do as many inspections as you possible can. Check the roof, the foundation, electrical, plumbing, if there are any leaks, bring in contractors for bids if it needs work…the more you do, the better. Step 9: Understand escrow costs: https://www.youtube.com/watch?v=cN7n3wC9eAQ&t=64s Step 10: RENOVATE IT! Video on renovations: https://www.youtube.com/watch?v=iBOeQv7zzgI&t=175s Step 11: RENT IT OUT! If you want to rent your place for top dollar, use REALLY good pictures, pick up your phone on the second ring, and be available anytime to show it. I promise if you do this, you’ll have no problem renting it out quickly. I personally like using Apartments.com, Craigslist, Zillow, Redfin, Trulia, and Reatltor.com…the more places you property is, the better. Never just limit yourself to one of these, DO THEM ALL. Tenant screening 101: https://www.youtube.com/watch?v=hS8lIrzEwv0&t=154s STEP 12: SCALE UP! Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 386214 Graham Stephan
Subscribe Now: http://www.youtube.com/subscription_center?add_user=Ehowfinance Watch More: http://www.youtube.com/Ehowfinance How lotto money is taxed depends on a number of different factors, including where you live. Find out how lotto money is taxed with help from a certified financial analyst in this free video clip. Expert: Noah Rosenfarb Bio: Noah Rosenfarb is a certified divorce financial analyst with Freedom Divorce Advisers. Filmmaker: Luis Trueba Series Description: Whether you're running your own business or are just an employee, at some point you will have to sit down and take a very serious look at your taxes. Get tips on issues that people face when it comes to dealing with taxes and the Internal Revenue Service with help from a certified financial analyst in this free video series.
Views: 17052 ehowfinance
Namaskar Dosto. Is video me hum dekhenge ki kaise aapke income tax kocalculate karna hai aur is sal ke naye income tax slab ki b bat krenge iske sath sath hum tax renate kibat krenge jaha pe bhut se logo ko confusion hai. Isme jo salary ki batki gyi hai wosare deduction ko hatane k bad ki hai jaise isme 80c jaise deductions include nhi hai . To umeed hai dosto aapko videopasand ayega Mutual fund, Banking aur Finance ke bare me aur jan ne ke lie SUBSCRIBE kijiye. Facebook: https://www.facebook.com/MARKETMAESTROO For any BUSINESS INQUIRY - [email protected]
Views: 1268652 Market Maestroo
Michael Gray interviews attorney Scott Haislet about "Federal reporting requirements for foreign banks and brokerage accounts" for Financial Insider Weekly. They discuss the Net Investment Income Tax, part of the Affordable Health Care Act: what it is and how it works, who it affects, what the effects will be, and planning suggestions to help you avoid the tax. http://www.financialinsiderweekly.com
Views: 318 financialinsiderweek
In this first part of our four part series Jimmy Sexton, LL.M. discusses the Foreign Earned Income Exclusion, Foreign Housing Exclusion/Deduction, Foreign Tax Credit and Form 8938 (FATCA).
Views: 37489 Esquire Group
https://turbotax.intuit.com Tax Prep Checklist for Moving Between States - If you’re moving between states, you may have to file taxes for two states. Fortunately, there are some tax preparation tips that can help make moving to a new state and filing taxes simpler. Watch this tax tip video from TurboTax for an easy tax prep checklist. Learn more about the importance of determining your new state’s personal income tax rates, how rules for permanent resident taxes may affect your tax return, state investment income tax rules, tax deductible moving expenses and other helpful tips for filing taxes after moving to another state. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/
Views: 10365 TurboTax
At our company Morris Invest we are constantly analyzing the best rental markets for investors. And guess what? It’s all about location. In this video you’ll learn about the best rental markets and what factors make up a great place to invest. Most beginners tend to buy properties in their own back. That's a huge mistake. Watch this show to learn why. Download our FREE Freedom Cheat Sheet here: https://morrisinvest.com/freedom-youtube How to Calculate ROI on a Real Estate Investment: http://bit.ly/2FeOBdx Multifamily Investments Don't Make Sense Right Now with Ken McElroy: http://bit.ly/2qNM6VI Should You Buy a Rental Property with an HOA?: http://bit.ly/2qMvehP Boise, Idaho Property Tour: http://bit.ly/2PsqGvW Amazon Headquarters: Invest Nearby: http://bit.ly/2Tceyxb Download our FREE Freedom Cheat Sheet here ➜ http://bit.ly/2yj3pC6 Read Our Best Selling Book “How to Pay Off Your Mortgage in 5 Years” ➜ https://amzn.to/2CcSxIB Ready to buy your first rental property? Book a 30 Minute call with our team ➜ http://bit.ly/2AfCU1I Subscribe to this channel for more great tips ➜ http://bit.ly/2IVHcOH Want Funding For Your Real Estate? ➜ https://morrisinvest.com/funding Love podcasts? 🎧 Listen to our Investing in Real Estate Podcast ➜ Apple Podcasts: https://apple.co/2EQbLm2 Website: http://bit.ly/2AfCU1I 🎧 Follow me on social media! Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris Need help setting up your Self Directed IRA? We use Sense Financial. Click here: http://bit.ly/2yj3mpU Tell them Morris Invest sent you. Want to Get Started With Real Estate Investing? Watch our Getting Started Playlist:http://bit.ly/2IXYU48
Views: 89394 Morris Invest
How To Calculate Income Tax FY 2018-19 Examples | Slab Rates | Tax Rebate AY 2019-20 | FinCalC TV DOWNLOAD FinCalC Android APP: https://play.google.com/store/apps/details?id=com.rrr.apps.financialcalculator SUBSCRIBE to our FinCalC TV YouTube Channel for more updates: https://www.youtube.com/channel/UCymd4lQ9ZJpvd7Pjz0g7vJQ?sub_confirmation=1 Play our New GAME - https://play.google.com/store/apps/details?id=com.rrr.apps.spacerocket This video by FinCalC TV explains Income Tax Calculation process for FY 2018-19 with the help of EXAMPLES. It also explains about Income Tax Slab Rates, Tax Rebate and other important facts about Income Tax Calculation for FY 2018-19. Examples used are for Illustration purpose in order to simplify the process. At the end of this video you will be familiar with the process of how to calculate Income Tax based on the changes made in Budget 2018 for FY 2018-19, AY 2019-20. Budget 2018 INCOME TAX CHANGES: https://youtu.be/PuMqtQau6bk FOLLOW FinCalC Blog: http://fincalc-blog.blogspot.com/2018/09/fincalc-how-to-calculate-income-tax-for.html Facebook : https://facebook.com/rrreclaim1 Twitter : https://twitter.com/rrreclaim
Views: 473961 FinCalC TV
There is so much conversation on LLCs. From the basic stuff like what are they and why should we use them to the more complex like which state should we register in and the difference between a Manager Managed LLC versus a Member-Managed. 📘My New Book "Raising Private Capital" Available now on Amazon https://amzn.to/2B1xbfM Today I am going to take a stab at one of the questions that goes around a lot. Should you get a new LLC every time you buy a property? There are pros and cons for doing this and in today's video I go over them in detail. In short form, here are some highlights: Pros of using a new LLC every deal: 1. Ownership structure - perhaps you are working with several different owners on a new deal. It makes sense to have a new LLC as it will define the ownership percentages and the roles of each owner. 2. You are working in a new state - this could be argued either way but to me it makes sense to incorporate in the state where your investment property is. 3. You are doing a flip - many investors do a new LLC every flip. This makes sense as it separates that flip from other properties with respect to taxes and liability. More on this in the video. 4. Asset protection - holding each purchase in it's own LLC will compartmentalize each property from the other. If there is a liability claim with one property it won't affect any others held by you. Some would say that this is the main reason to hold each deal individually. Watch the video for a deeper conversation on how valid this is. As always, please email us any real estate questions to [email protected] and we will answer them on an upcoming episode! Learn more about The DeRosa Group at http://www.DeRosaGroup.com or on BiggerPockets.com - https://www.biggerpockets.com/renewsblog/author/mattfaircloth/ Matt & Liz, founders of DeRosa Group, were recently second-time guests on the BiggerPockets Podcast. Check it out: https://www.biggerpockets.com/renewsblog/bp-podcast-203-finding-deals-funding-contractors-mentors-matt-liz-faircloth/ Find us on Facebook https://www.facebook.com/thederosagroup/ Learn More about The DeRosa Group by Checking out our popular videos: How I bought a 18 Unit apartment with NO MONEY out of Pocket https://www.youtube.com/watch?v=3dDRVGYI1wg&t=14s How I turned a Duplex into 20 units https://www.youtube.com/watch?v=JzhkWhyssaM&t=1s How to Remove a Bad Tenant (without having to evict) https://www.youtube.com/watch?v=FnGZQOebixY&t=1s Tips for Hosting a successful Open House https://youtu.be/8DBtD1OcjKQ Best ways to Collect Rent From Tenants https://www.youtube.com/watch?v=iOeTxzDjXWY&t=3s The Pros and Cons of Using LLC for Rental Property https://www.youtube.com/watch?v=edHaGYXhH1I&t=24s 21 Year Old Makes $23,000 on First Wholesale Deal https://youtu.be/UkeUxkLQTFc Chat with Chatto Episode 001 First Actions Steps to take Learning to Wholesale houses https://youtu.be/fzXubrnuGKM
Views: 84754 Derosa Group
Is the U.S. tax system fair? Are the rich paying too little or too much? What about the middle and lower class? New York Times bestselling author Amity Shlaes answers these questions, and offers a tax solution that most Americans could get on board with. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: Tax the rich some more. That recommendation comes from many politicians. It seems obvious to tax the rich. We tell ourselves they won’t miss that little extra bit we take. And after all, it’s only right that they pay their fair share. The technical name for taxing the rich more is progressivity. And it’s hard to oppose a concept that shares its roots with an optimistic word like progress. But this surface logic obscures some important truths about progressivity. So let’s stand back. The first thing we see when we take our distance is surprising. It is that many people don’t know what progressivity is. Suppose you pay five dollars in tax on your income. A rich man pays ten dollars, because he makes twice as much as you. This arrangement sounds like progress, right? But that is not a progressive tax schedule. It is a proportional one—a true fair share. What was once known as the tithe, but is now commonly called now a flat tax. Under a flat tax, everyone pays the same rate no matter what they earn. In the 1980’s a poll by political scientist Karlyn Keene suggested that Americans thought flat proportional taxes were fair taxes. And as we know from architecture and art, humans are wired to like proportionality. A progressive tax structure by contrast is actually disproportionate. Progressivity resembles a flight of stairs. Each individual starts out at the bottom, paying the same rate, say 10 percent. When his income rises to a certain line, the taxpayer moves up a step on the staircase and his rate goes up to, say 20 percent, but only for the share of income past that line. At the next step, the rate goes up again, say to 30 percent, but again only for the last stair of income. And so on. But the prospect of going up all those stairs tires the climber. Surveying the rates at the top, workers stop chasing a promotion they once thought they wanted. Why bother? The taxman will take the money anyhow. When workers or professionals stall on the stairs, the government loses money, but so do regular people. For when the person who decides not to earn more money is a business owner, the result of that decision is a smaller company and fewer jobs for others. Of course some people do keep climbing, no matter what. Some people are wired that way. And those taxpayers can get to the point where they pay half of what they earn—especially in high tax states—which leads to the greatest argument against the progressivity staircase: Progressivity is unjust. People have a right to what they earn—even Californians and New Yorkers. For the complete script, visit https://www.prageru.com/videos/americas-tax-system-fair
Views: 913468 PragerU
Check out these books by Robert Kiyosaki: * Rich Dad's CASHFLOW Quadrant: https://amzn.to/2QhbQof * Rich Dad Poor Dad: https://amzn.to/2JzRWTc * Rich Dad's Guide to Investing: https://amzn.to/2Dk1scH * Rich Dad's Increase Your Financial IQ: https://amzn.to/2DgrXzT * The Real Book of Real Estate: https://amzn.to/2DiSyw1 He's an active real estate investor. A large portion of his business empire and wealth is concentrated in real estate investing. He has various real estate investments, and real estate development ventures operating around the United States He has a preference for commercial rental property investments over other real estate classifications. Mentor me Robert. .:;$ JOIN MY #BELIEVE NEWSLETTER $;:. ------------------------------------------------------------------ This is the best way to have entrepreneur gold delivered to your inbox, and to be inspired, encouraged and supported in your business. Join #BelieveNation and feel the love. http://www.evancarmichael.com/newsletter/ .:SOURCES:. ------------------- https://youtu.be/Q5dLXY7wcVE https://youtu.be/nFH8PV_jPLk https://youtu.be/4c6afHE7P6M https://youtu.be/pgd6cCWEAXc https://youtu.be/mRzoImyFMSY https://youtu.be/dgHMpXgIPN4 https://youtu.be/syu_IlGP9-g .: WHAT IS #BTA? :. ------------------------------- Why do people keep ending comments with #BTA?: https://www.youtube.com/watch?v=BsY8bmTUVP8 .: SUBSCRIBE TO MY CHANNEL :. ------------------------------------------------------ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_center?add_user=Modelingthemasters .: CAPTION THIS VIDEO :. ----------------------------------------- If you loved this video, help people in other countries enjoy it too by making captions for it. Spread the love and impact. https://www.youtube.com/timedtext_video?v=TWWwleDvMY0 .: CONNECT WITH ME :. -------------------------------------- Leave a comment on this video and it'll get to me. Or you can connect with me on different social platforms too: Twitter: https://twitter.com/evancarmichael Facebook: https://www.facebook.com/EvanCarmichaelcom Google+: https://plus.google.com/108469771690394737405/posts Website: http://www.evancarmichael.com .: MORE ABOUT ME PERSONALLY :. --------------------------------------------------------- About: http://www.evancarmichael.com/about/ Coaching: http://www.evancarmichael.com/movement/ Speaking: http://www.evancarmichael.com/speaking/ Gear: http://evancarmichael.com/gear .: VIDEO SCHEDULE :. ----------------------------------------------- Top 10 Rules for Success - Weekdays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM0VWRGYCfuUCdyhKfU733WX #Entspresso - Weekdays at 7am EST : https://www.youtube.com/playlist?list=PLiZj-Ik9MmM0-kQSSs3Ua5wExlz1HwRRs #BelieveLife - Sundays at 7am EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM207_RQCOPAwZdKYXQ4cqjV #EvansBook - Saturdays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM1tNSh0CjOsqIg1fw7bAPt4 Life with Evan - Sundays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM19tzfHH_VJOnghbfdRPZjS Thank you for watching - I really appreciated it :) Cheers, Evan #Believe
Views: 961617 Evan Carmichael
Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity. To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds. To see more videos from Fidelity Investments, subscribe to: https://www.youtube.com/fidelityinvestments Facebook: https://www.facebook.com/fidelityinvestments Twitter: https://www.twitter.com/fidelity Google+: https://plus.google.com/+fidelity LinkedIn: https://www.linkedin.com/company/fidelity-investments ----------------------------------------------------------------------------------------------- Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you. Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it? The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.” But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed. At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market. An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the Official Statement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue. Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABC Investment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue. Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid. Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...] Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 608004.3.0
Views: 72923 Fidelity Investments
Thinking about getting involved with rental properties? Looking forward to the wealth and passive income that rental properties can bring? This video is designed to help you learn the eight steps needed to begin your rental property investing 101 journey. Taught by Brandon Turner, author of "The Book on Rental Property Investing," you'll learn how to: - Make a Plan - Choose your market - Build your team - Figure out Your Financing - Start getting leads - Analyze deals - Offer and Negotiate - Close and Manage And much more. Enjoy!
Views: 276733 BiggerPockets
The tax on corporate profits is a terrible tax. Economists to this day don't know who pays it. And that means that we really don't know who's bearing the burden. Transcript-- The United States has one of the most complex tax systems in the world. It takes hours and hours to fill out the return for most people. Especially if you want to claim any deductions or if you have more than one source of income, you got to file your state taxes separately. Maybe even local taxes depending on where you live. It's a nightmare. There's no doubt we can do a lot to simplify our tax system. But we could also do a lot of other things to change it too. And the fact is we haven't really made a major change in out tax system for about a hundred years. It's been a hundred years since we got a constitutional amendment just so we can have an income tax. Now maybe it's time to consider how we would refit our tax system for the 21st century. One thing we could do is get rid of the corporate income tax. That's right, the tax on corporate profits. Why? It's a terrible tax. Economists to this day don't know who pays it. Is it the people who own shares in companies? Is it employees of companies? Is it consumers who buy the products from companies? We don't know. It could be a mix of all of them. And that means that we really don't know who's bearing the burden. Another problem with the corporate income tax is it's extremely volatile. Unlike your household where you pay taxes no matter what. Whether or not you spent all your income or not. When a company spends all its income, it has no profits and it doesn't pay any corporate income tax. So that means the corporate income tax revenue is really volatile. In years when the economy is doing great we collect a lot of corporate income tax revenue. When it's doing badly we collect much less. And that means it's much harder for the government to plan. It's much harder for us to make sure that we get a steady stream of revenue from year to year and we don't have to cut back on spending during a down turn. So what could we do to replace it? Well one idea would be to change our income tax into a sort of hybrid income and wealth tax. So we would still be taxing some of the owners of capital in this country and not just people who own labor and supply that into the work force. How would it work? Well, we would have a sliding scale where, depending on your wealth, you would pay different rates of income tax. If you didn't have any income coming off your wealth then you wouldn't pay any tax. But the more wealth you had, the higher tax rate you'd be liable to pay. The great thing about this is if you hold income constant, then you're always facing the same marginal tax rate, that's tax rate on the next dollar of your wealth. If you hold wealth constant it's always the same marginal tax rate on your income. So that distortions on the behavior that we might have and where we invest and how we work are minimized. Now is this too crazy an idea to be implemented in the 21st century? Some people might even say it's unconstitutional. But it's at least worth thinking about it because we've done so little to change the fundamentals of our tax system for a century. All we've been doing is messing with these little details that just add more lines to the tax form. Lets do something major and clean it up for the next century. Directed/Produced by Jonathan Fowler & Elizabeth Rodd
Views: 44517 Big Think
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 113443 The Dave Ramsey Show
2018 Tax Changes For Businesses (2018 Business Tax Rules)2018 Business Tax Rules Explained!(Tax Cuts and Jobs Act 2018) 2018 Income Tax Changes for Businesses explained! (2018 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW.... Learn about Donald Trump's new tax laws. Tax Reform 2018. 2018 Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return and your business. You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/kxp38y9kw0zejgc/2018%20business%20tax%20updates.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • How to download business tax law updates spreadsheet - 0:37 • Business filing due dates - 2:12 • 2018 Corporate Tax Rates - 2:54 • Depreciation updates 2018 - 4:12 • Standard mileage rates- 6:25 • Meals and Entertainment and Fringe benefit rules - 6:40 • Excessive business loss limitation (IRC 461) - 9:33 • Net Operating Loss rules for 2018 - 10:24 • Business Interest Deduction Limitations IRC 163(j) - 11:09 • Business Research Expense Rules 2018 - 12:10 • Like-Kind Exchanges (1031 Rules for 2018) - 12:45 • Section 199A Deduction - 13:54 • Hobby Loss Rules 2018 - 18:33 • Minimum tax credit refundable for corporations - 19:33 • Important links - 20:08 Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 16282 Money and Life TV
Can someone just tell me the jist of the tax changes? This is what this video is about. There are of course many many changes but you might wonder about what the biggest ones are that will affect you without needing to do hours of research. I have summarized it for you to give you an idea and the tax changes are huge. There is no easy answer to see if you will get a lower or higher tax bill since the changes are so complex. There are certain things you CAN do to try to minimize your taxes with this new reform. Audible Free Audiobook Trial: http://www.audibletrial.com/BeatTheBush Patreon: http://www.patreon.com/BeatTheBush NordVPN so your ISP does not snoop on you: http://bit.ly/2lRo5uG My Equipment: https://www.amazon.com/shop/Beatthebush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My Channels: https://www.youtube.com/BeatTheBush https://www.youtube.com/BeatTheBushDIY
Views: 113075 BeatTheBush
Once you possess a Green Card, you are now taxed on your worldwide income just like any US citizen would be. Additionally, other reporting requirements may exist. For instance if you have overseas bank accounts in excess of $10,000 you likely have an FBAR or what is also know as a FinCEN Form 114 requirement or you could face up to a 50% penalty on account value. Additionally, there exists a litany of foreign reporting forms, like Form 8938, Form 5471 for example that Green Card holders have an obligation to file at a rate much higher than the public at large. Failure to file the forms starts a $10,000 per year and can get as high as $50,000 per year. Again, these are risks that can all be managed. They just take some thought and effort. https://www.irsmedic.com/kb/services/international-tax-issues/individual/us-green-card-irs-taxes-faq.html What is the income tax rate for US Green Card holders? The income tax scheme for US Green Card holders is the same as it is for an American citizens. Taxation is exactly the same. There are no increased or decreased tax rates for Green Card holders. But as we show, their issues tend to be more complicated and the income tax tends to be more onerous because of the types of overseas and foreign investments Green Card holders often possess. What are the tax filing requirements for US Green Card holders? US Green Card holders have the same filing requirements as US citizens. Green Card holders overseas, like US citizens abroad, have an extended time to file taxes, usually June 15th which can be extended to October 15th, and then there is a permissive extension until December 15th. What is a US Green Card holder responsible for when filing? For all tax filings, taxpayers are ultimately responsible for everything they sign even if they can’t understand what they are signing. Additionally, even if they could fully understand English, that is slight guarantee that they know what they are signing as the IRS tax code is so expansive it is unknowable any one person. Are there any tax benefits to being a US Green Card holder? Only if you think that being taxed as a US citizen is a benefit. Can you deduct the cost of your obtaining your Green Card on your tax return? Some may advise against deducting the legal fees relating to the acquisition of your Green Card, but it is not an entirely unreasonable position. What are the tax consequences of allowing a US Green Card to expire? The Green Card is evidence of your Permanent Residence status, but it is not the thing that actually grants Permanent Residence status. Just because your Green Card expired does not mean you are a no longer subject to US taxation. Yes, this is true even if you are overseas and not eligible for re-entry. It is possible for the IRS to tax you even though the federal government won’t let you back into the United States Your obligation to file and pay U.S. taxes as a long term green card holder persists until there is a judicial or administrative order, or alternatively, until you file Form I-407. A lapsed green card on its own does not terminate your IRS tax obligations. What are the tax consequences when surrendering a US Green Card? Have you had a Green Card for 8 or fewer years of the last 15? If so, then great. You can surrender a Green Card without triggering any exit or departure tax. If however you have been in the US for more than 8 of the last 15 years, and your assets exceed $2 million you may want to engage with our firm to legally lower this exit tax. What is the departure, expatriation, or exit tax for US Green Card holders? For those who have been in the US long enough and have the assets to trigger an exit tax, IRS Form 8854 is used. If I leave the United States without surrendering my Green Card, and without paying or filing the exit tax return, what can the IRS really do to me? Enforcing the US tax code against people who are not in the US and do not have property in the US or any reason to return to the US is incredibly difficult, but not impossible. Some countries have joint agreements to cooperate with the IRS. Many people have gone this route, and truth be told, have gotten away with it. The problem is if another opportunity arises that makes US presence necessary. For instance, many ex-Green Card Holders will return to the US on a investor visa if their children go to school in the US or start a family within a US. Leaving a loose end like an improper exit tax, or none at all, could very much complicate or completely frustrate a return to the United States. If I try to enter the US with a green card or a passport from another country, will I have a problem if I am in tax non-compliance? You very well could have a problem. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 [email protected] https://www.irsmedic.com
Views: 11016 IRS Medic
State and local governments offer large financial incentives to attract employers to their part of the country. John Oliver explains what communities get, or often don't get, in return. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 7528768 LastWeekTonight
Why doesn't Donald Trump hardly pay any income taxes? Why doesn't Amazon pay any? In this video, we're going to do our best to explain the concept of business deductions and real estate depreciation. Keep in mind, we are not attorneys, tax professionals, nor are we accountants. Make sure you consult with licensed tax professionals before applying any of the concepts we talked about in this video! We encourage everyone to start their own business or invest in real estate to take advantage of some of these amazing tax codes and rules that help us pay less in taxes every year! 😃 Thanks for Subscribing & Liking our Video! 📰 Want to read more tips & tricks about real estate investing, financial literacy and entrepreneurship? Subscribe to our Blog: https://www.thekwakbrothers.com/newsletter The Kwak Brothers are millennial real estate investors who have acquired over 76 Units of Rental Units and have raised over $20,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals. 📋 GET OUR FREE OWNER FINANCING CHEAT GUIDE KIT: https://www.thekwakbrothers.com/cheatguide 📊 GET OUR FREE HELOC STRATEGY CALCULATOR & EBOOK: http://chopmymortgage.com 💻 JOIN OUR FREE FACEBOOK MASTERMIND GROUP: https://www.facebook.com/groups/bestreigroup GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 🔊 📧 Hire the Kwak Brothers to Speak: [email protected] #donaldtrump #trump #taxes ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
Views: 888 The Kwak Brothers
http://www.camarda.com Fiduciary Investment Advisor in Jacksonville See Important Disclosure Information at http://www.camarda.com/p/adv-important-disclosure http://www.camarda.com/rankings-disclosure Ah, it’s March again, and the tax madness musters anew. For those who yearn to file by April 17th, the pressure begins to build. Before the mad dash takes off in earnest in just a few short weeks, you may want to brush up on the big disruptions to the tax code wrought by last year’s “tax reform.” You’ll be dealing with some of the biggest changes in a generation, so be warned. Besides fundamental restructuring like the elimination of exemptions, there are more changes this year than have been seen in quite some time. All the new rules will add mightily to the confusion, so best get a jump on it if you’ve not already begun. Worse, many old and cherished tax tactics have gone by the wayside, and if you’re not careful the new tax “cuts” may wind up biting your wealth instead of reducing your taxes. Tax strategy, always important to wealth-maximizers, should be especially scrutinized this year. Before jumping in, it is useful to remember that US tax policy law is in constant flux, a seething, changing thing driven by the compleplex and fickle political wind. The battlefield is ever-shifting, and readers are advised to keep a sharp and frequent lookout to chart the safest path through the fire and carnage. Like so many changes before it, the new tax reform is short lived, with many provisions “sun-setting” – expiring – after 2025, if they last that long. The future Congresses and President may extend them, or cancel them. Taxes may go up or down or stay the same. Tax policy breeds many unintended consequences, and change creates new winners and losers. For now, we will mostly address income taxes since the urgency of these is probably why you are reading this article, but please be attentive to our upcoming thoughts on the much more insidious estate tax, which will be covered in another piece. Here are some highlights of the big changes: Estate Tax. The estate tax exemption has been doubled to $11,180,000 per individual - almost $22.4M per married couple - which should make for far fewer taxable estates. Just remember that this may change at the whim of the next government, and that in any event the exemptions revert to the old level in 2026. Employee Business Expenses and Other Miscellaneous Deductions: W2 employees – as opposed to independent contractors or business owners – have always had the short end of the stick when it comes to business write-offs, where the small range of allowable deductions got whittled down to almost nothing by the arithmetic on the Schedule A. Well, the short stick's now been whittled down to nothing, and employees no longer have any write off opportunities. Ditto for moving expenses, brokerage, IRA and investment advisory fees, new alimony, and most casualty losses. If these items apply to you, you could see significant tax increases. Where possible, using or setting up an owned business to expense applicable items could offer substantial relief. Exemptions and Itemized Deductions: The standard deduction has been effectively doubled, changing the calculus of whether to itemize things like charitable contributions, home interest, and so on. Complicating the calculus: there are no more personal exemptions. This is a sea change! Exemptions were basically a “bonus” deduction based on the size of the taxpayer’s eligible family, and available regardless of whether you itemized other deductions or just took the standard deduction. Depending on your situation, this can dramatically blunt the value of the expanded standard deduction. The limits for charitable deductions are slightly expanded. The so-called SALT for State and Local Taxes deduction is curtailed, with the sum of income, real estate, and sales taxes capped at $10,000. Business owners can continue to deduct these items if they qualify as business use. Finally, the nasty stealth tax on deductions – where an arithmetic shell game of “now you see ‘em, now you don’t” eliminated deductions or whittled them way down for higher-income folks, effectively boosting their tax rate – is gone under the new tax regimen. 4. Capital Gains Tax Rates stay the same at 0%, 15%, and 20%, plus (not to pick any NIITs), if applicable, the 3.8% Obama- era Net Investment Income Tax kicker. Remember that Capital Gains rates are determined by ordinary income rates – in other words, having sufficient business, interest, employment, or oth er “regular” income will drive the effective capital gains rate higher.
Views: 54 Camarda Wealth Advisory Group