May 26, 2020
Investing Qs - Taxes in Real Estate, Saving in Retirement
- BRT S01 EP16 5-24-2020
Guests: Dan Hughes, CPA w/ CBIZ
https://www.linkedin.com/in/danhughescpa/
https://www.cbiz.com/about-us/employee-directory/employee-details/daniel-b-hughes
Dan is the CBIZ Tax Practice Leader for the Phoenix office. He works with his department to ensure that each client's tax consulting and day-to-day tax matters are met by the firm's innovative and aggressive tax team. He also works as a business advisor and consultant. Dan has worked with clients on planning for acquisitions, divestitures, real estate transactions, sale transactions, executive compensation, and state income tax minimization (M&A, tax planning, business consulting, estate plans, etc).
He carries a significant role in client representation before the Internal Revenue Service and Arizona Department of Revenue. Dan also speaks regularly to groups of individuals regarding current tax issues. He graduated from ASU with a BA in Accounting.
Dan talks Cap Gains Taxes in Real Estate
Notes:
If you sell a house or property in less than one year of owning it, the short-term capital gains is taxed as ordinary income, which could be as high as 37%. Long-term capital gains for properties you owned over one year are taxed at 15% or 20% depending on your income tax bracket.
https://www.cbiz.com/insurance-hr/services/property-casualty/industries/real-estate
As Your Property Portfolio Expands, Your Risk Does Too - We Can Help.
When you’re moving fast to close a deal, it can be easy to forget about potential exposures. But risks surrounding construction, financing, tenants, physical property and more are still there. We are experts at providing risk advisory and insurance brokerage services to protect your commercial real estate assets. CBIZ Insurance Services incorporates detailed knowledge of capital markets for our portfolio of clients, which includes publicly-owned and privately-held firms.
Our real estate specialization includes:
- Commercial Retail
- Hotel
- Multifamily (apartments & condos)
- Office
- Real Estate Investment Trust
- Shopping Centers
Guest: Denver Nowicz, President - Wealth For Life
https://www.linkedin.com/in/denvernowicz/
https://twitter.com/DenverNowicz
Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.
Denver on saving and investing
MB on China Co's, Stock Scandals, & Accounting Fraud
Link to Taxes Show on 10/31/2021 w/ Denver: Here
Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here
Link to Shows, Denver was a Guest: Here
Real Estate Topic: https://brt-show.libsyn.com/category/Real+Estate
https://brt-show.libsyn.com/size/5/?search=best+of+real+estate
Legal Topic:
https://brt-show.libsyn.com/category/Legal-Asset+Protection-Estate+Planning
Business Topic:
https://brt-show.libsyn.com/category/Business-Consulting-Bus+Lessons-Management-General
‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement
More 'Best of Investing': Here
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