5 Non-Obvious Tax Saving Strategies for Your Accounting Clients
Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals
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Do You Want to Buy an Asset, Hold It for More Than a Year and Then Give It Away?
Tax law and court precedent show that you can acquire an asset inside of an entity that's already held it for a year, and you can legally tack on to their holding period. So we're creating an opportunity where our clients don't have to do that. We've buying this big amount of asset, o resources for significant discount, and we sell it to our tax payers for a litle bit more. But the good news is it's worth a lot more. And because we've held this asset for more than a year, they can legally tackle on to our holding period.
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