Properly structured conservation easements.

Jan 15, 2020
6:05:36pm

Archaea All-American

There are those that abuse the rules but a proper donation of land with proper valuation is an advantage that middle income don't have the spare cash to take advantage of.

Report problem with this ad

Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: Apr 29, 2024
Total posts: 93,673 (3,089 FO)

Report problem with this ad

Messages

Author

Time

CPA's, are there any tax avoidance strategies that the rich use to save lots

BYU71

1/15/20 1:39pm

<< Deleted >>

RdF3

1/15/20 1:44pm

Beware, conservation easements are listed transactions. I like sec 280A(g)

hitechcpa

1/15/20 1:56pm

Carried interest loophole?

maizecoug

1/15/20 1:52pm

And getting paid with stock options is another way to convert some ordinary

frontrowcougar

1/15/20 1:54pm

I got stock options offered when Intel offered me a job as a internal

BYU71

1/15/20 1:59pm

That one bugs the heck out of me. It is one the dems and repubs

BYU71

1/15/20 1:57pm

Yes, but if you wealthy and have concentrated and highly appreciated assets, a CRUT can save a lot.

RdF3

1/15/20 2:00pm

Maybe you are on to something. Maybe we should do away with

BYU71

1/15/20 2:04pm

Create a foundation with tax deductible donation, then work for the foundation

frontrowcougar

1/15/20 1:55pm

Can you take as income all the foundation earns. If not it is a charity.

BYU71

1/15/20 2:01pm

Here's an OZ example that an acquaintance of mine is doing

RdF3

1/15/20 2:08pm

Yea, a couple of friends of mine got into one. Sounded pretty

BYU71

1/15/20 2:14pm

Yeah I’m 100% sold on it being a good deal for lower income classes.

SpecialKC

1/15/20 2:23pm

So was it a program with good intentions or another botched

BYU71

1/15/20 2:25pm

I’m no expert but I am working on a deal in an OZ that we’ve funded and working

SpecialKC

1/15/20 2:41pm

Just that is more experience than I have. From talking to the two friends

BYU71

1/15/20 2:49pm

The thing is - truly rich people don't mind paying taxes. (Gates & Buffett)

ClackamasCoug

1/15/20 2:19pm

I don't think they do. They get to set up huge foundations and

BYU71

1/15/20 2:27pm

IMO, the greatest tax avoidance opportunities right now are bonus depreciation,

Incentivize

1/15/20 2:31pm

Interesting when talking about a 1031. Unless the property is eventually passed

BYU71

1/15/20 2:45pm

Defined benefit plan plus solo 401k can get you 150-200k tax deferred space

cougfanz

1/15/20 4:56pm

Properly structured conservation easements.

Archaea

1/15/20 6:05pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad