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Royal Knowledge

Tax

Tax

General Questions

What are the ways that you can save me money on tax?

Is XYZ product a disregarded entity?

Do you help with Low Income Housing Tax Credit (LIHTC) or the process to remove the income restrictions?

What is Cost Segregation?

Tax Filing

What do you do for tax filing?

What’s the difference between effective and marginal tax rates?

Do you provide audit defense?

Can you help me if I have foreign income?

Bookkeeping

Do you offer bookkeeping? And what all does that include?

Bonus Depreciation

Can depreciation offset active income?

Can bonus depreciation be utilized as a deduction in all states, or only certain states?

Private Foundation

Why should I use a Private Foundation?

How much can I put into the Private Foundation?

How do I take money or assets out of the Private Foundation?

How much can I pay myself as a director’s salary?

How do I take a director’s salary?

What is the minimum contribution required to start or maintain the Private Foundation?

When and how should I fund the Foundation?

What assets can I invest in with a Private Foundation? Are there any limitations or restrictions?

What can I do with a Private Foundation?

Can I use vehicles or properties in the Foundation?

Is a sale through the Private Foundation a taxable event?

How does the Private Foundation compare to a Defined Benefit Plan?

Does my state allow the Private Foundation?

Can I use a Private Foundation as an H-1B Visa?

How much does it cost to run the Foundation?

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S-Corp

Can you make an existing S-Corp / C-Corp anonymous?

Can you offset active income by taking rental income through an S-Corp?

Capital Gains / Step Up Basis

What is the Step Up Basis?

Does the Delaware Statutory Trust have any effect on the step up basis in California?