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Tax thoughts for buying a practice with Jonathan Bird
Retirement Tax Services Podcast
The Importance of Paying Up Front
Paying for something that's going to benefit you over a period of time. You agree with that logic or not. That's what the IRS is deciding and we get to go along with it. But as you're looking at the potential cost and benefit, those are important considerations. I definitely see this happen with taxpayers quite often when they don't realize that really common example is with rental properties.
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