No. 1 in an email series…
Seasoned Professionals Protecting Your Wealth and the Income You Work For
Dynamic Wealth Strategies, LLC, with its experienced lawyers and tax professionals, has developed targeted 2019 year-end income and transfer tax strategies for the recovery of otherwise “lost” benefits of residential property owners’ state and local tax (“SALT”) deductions.
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We offer our clients the ability to reclaim part or all of the now limited Schedule A state and local property and income tax deduction (the “SALT” deduction) for properties paid on personal residences (including, second homes and vacation homes), by utilizing traditional income tax and estate planning techniques that have been long recognized by the IRS, and wealth preservation structures that have been used successfully for decades. The recovered deductions under our strategies are typically valued at as much as $20,000, $30,000, $40,000, or more, annually.
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For business owners using pass-through entities (sole proprietorship, LLCs, partnerships and S-Corporations), we employ structured solutions that enable them to maximize the benefits of the 20% deduction against qualified business taxable income under new Section 199A.
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Our initiatives also help taxpayers who no longer file Schedule A to nevertheless utilize and maximize the unlimited deduction for charitable contributions; and