10. What is DST?
1. Can mean to two different
things:
2. - Delaware Statutory Trust
(1031X)
3. - Deferred Sale Trust (Sell in
exchange of Promissory note
or installment agreement)
17. Tax Rules for
Business Use
of
Automobiles
- Own or lease
- Actual exp vs. standard
mileage ( 58 C / mile)
- Should I buy a car
under my name or
business name?
18. Business
Travel
- - The 50% golden rule
- - Travel by plane, train, bus
or car
- - Use the Trip Primarily for
Business Purposes
22. Hire your
children to
work for you
- Tax Rules For Hiring
Children In The
Family Business
- Minimize payroll tax
exp
- Early retirement
saving for your Kids
through ROTH
23. Start a
501(c)(3)
Organization
- Example (W. Buffett,
Clinton, Gate, Trump)
- Medical research, homes
for elderly, disabled, low
income
- Give cash or property -
(30% - 60%) tax deduction