Self-Canceling Installment Notes (SCINs): A Powerful Wealth Transfer Strategy
Self-Canceling Installment Notes (SCINs): A Powerful Wealth Transfer Strategy Todd Phillips Mar 4, 2025 3 min read For business owners and real estate investors looking to transfer wealth without triggering capital gains tax or adding assets to their taxable estate, Self-Canceling Installment Notes (SCINs) offer a powerful solution. When paired with an irrevocable trust, SCINs can […]
Q: How Can I Take Advantage of the REIT Structure to Recapitalize My Real Estate?
Q: How Can I Take Advantage of the REIT Structure to Recapitalize My Real Estate? Todd Phillips Feb 23, 2025 2 min read The short answer: REITs can be a great tool for investment real estate owners when solving for maturing debt. The arrangement can provide: Access to More Capital Improved Debt Structures Gap Financing […]
I Can’t Sell My Real Estate, The Tax Bill Would Be Too High
I Can't Sell My Real Estate, The Tax Bill Would Be Too High Todd Phillips Feb 23, 2025 4 min read For many real estate owners, selling their property outright is a non-starter. Not because they don’t want to cash out, but because of the significant tax consequences that come with it. Capital gains taxes, […]
How Does My Inventory Accounting Method Impact My Taxes?
How Does My Inventory Accounting Method Impact My Taxes? Todd Phillips Feb 21, 2025 4 min read Inventory isn’t just a business asset—it’s a tax strategy waiting to happen. The way you track your inventory can significantly impact your taxable income, deductions, and cash flow. For small business owners, choosing the right inventory method is […]
Q: I want to employ my kids in my business, can I just put the money in their bank account?
A: Great idea! Employing your kids can be very rewarding for them and help them learn many life lessons, as well as a good chance to spend more time with them. And the tax benefits can be substantial. But – and it’s a big but – they have to actually do the work for you […]
Q: What are the tax differences between flipping houses vs short term rentals vs long-term rentals?
A: I am going to keep this brief – so know that reading this, you have more homework to do to fully understand it. Flipping houses: From a tax perspective, this is more like a job and less like an investment. And the house you are flipping is more like inventory than it is an investment […]