We know there are a lot of details to get familiar with in the tax & financial world, so we’ve gathered some useful definitions & resources in one place.
IRC Section 643- Section 643a(3)(4) defined
https://www.law.cornell.edu/uscode/text/26/643
Irrevocable Life Insurance Trust
https://www.forbes.com/advisor/life-insurance/irrevocable-life-insurance-trust/
What is a Revocable Trust
https://www.investopedia.com/terms/r/revocabletrust.asp
Non-Grantor Trust Defined
IRS Tax Guide for Small Business
https://www.irs.gov/publications/p334
NIAICS IRS Business Codes for Business Descriptions
https://www.irs.gov/pub/irs-soi/18pf_business_codes.pdf
Understanding Small Business Taxes – FDIC
https://www.fdic.gov/about/diversity/sbrp/
6 Benefits of Real Estate Investing
https://www.rocketmortgage.com/learn/tax-benefits-of-real-estate-investing
IRS Allowable Business Tax Expenses
https://www.irs.gov/publications/p535
Your Complete Guide to Real Estate Taxes
https://www.fool.com/the-ascent/taxes/real-estate-taxes-your-complete-guide/
Day Trading Taxes
https://www.benzinga.com/money/day-trading-taxes
IRS Code for Day Traders
https://www.irs.gov/taxtopics/tc429
Passive Activity Loss Rules for Real Estate Professionals
https://www.irs.gov/pub/irs-utl/33-Real%20Estate%20Professionals.pdf
Changing an S-Corp to a C-Corp
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