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Maximizing Returns: Unraveling Tax Benefits of Opportunity Zones

Maximizing Returns: Unraveling Tax Benefits of Opportunity Zones

by Wayne A. Scully, CPA | TaxBiz

Maximizing Returns: Unraveling Tax Benefits of Opportunity Zones In today’s financial landscape, savvy investors actively seek avenues to optimize returns while minimizing tax liabilities. Investors have increasingly turned to investing in Qualified Opportunity...
Decoding Reverse Mortgage and Taxes in Jamaica, NY

Decoding Reverse Mortgage and Taxes in Jamaica, NY

by Wayne A. Scully, CPA | TaxBiz

Understanding Reverse Mortgage Taxation in Jamaica, NY Reverse mortgages offer seniors a way to tap into their home equity without selling their property. However, the tax implications of these financial products can be complex. Let’s delve into the taxation...
Cost Segregation Strategies for Income Tax Savings in Queens, NY

Cost Segregation Strategies for Income Tax Savings in Queens, NY

by Wayne A. Scully, CPA | TaxBiz

Cost Segregation Strategies for Income Tax Savings in Queens, NY Introduction In the realm of real estate investing, where every dollar counts, savvy investors are continually seeking ways to minimize tax liabilities while maximizing cash flow. One potent tool in...
Home Equity Loans for Property Investments & Taxes

Home Equity Loans for Property Investments & Taxes

by Wayne A. Scully, CPA | TaxBiz, Uncategorized

Home Equity Loans for Property Investments & Taxes Harnessing Home Equity for Property Investments In the realm of real estate investments, finding the right financing avenue can make all the difference in maximizing returns. One increasingly favored method...
Claiming Mileage: A Comprehensive Guide to Tax Deductions

Claiming Mileage: A Comprehensive Guide to Tax Deductions

by Wayne A. Scully, CPA | TaxBiz

Just a trip down memory lane before I get into the blog post. But don’t worry, this is related: Hey Jamaica, NY agents (and any agent, regardless of location), have you heard of MileIQ? If not, let me share my experience. I’ve been using MileIQ for years,...
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W. Scully, CPA, P.C.

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