Harry W. Laughlin III (Wis)
Of Counsel, The Crone Law Firm PLC
Wis is a 2017-19 tax Super Lawyer and a former IRS tax attorney. For more than 35 years, he has ranked AV Preeminent 5/5 on Martindale.com.
See more in About Me.
Category Archives: Real estate, investing
The Tax WISard’s Thoughts for Investment Advisors June 2020
Taxpayers pay unnecessary taxes every year because they are ignorant of the tax laws. For example, a tax return client bragged to me about over $50,000 in dividends, all foreign companies. That client paid TWICE as much tax as he … Continue reading
Posted in Business Law, Taxes, Individual Tax, Real estate, investing
REAL ESTATE, INVESTMENTS Sept. 2019
Rental Real Estate Tax Strategies – more advanced Real estate rental properties can be a fine tax shelter and a satisfying way to build retirement income if you know what you are doing. However, watch out for the complexities. The … Continue reading
Posted in Business Law, Taxes, Individual Tax, Real estate, investing
Real Estate Rentals, June 2019
With Tax Reform and all the other changes in the tax law, it is about time to do a general review of the tax rules for rental property owners. This article will get into the basics and the next WealthWISe … Continue reading
Posted in Real estate, investing
Real Estate Transfers at Death Oct. 2018
REAL ESTATE TRICKS AND TRAPS: I bet you can’t guess how many ways there are to transfer real estate at death. You can do it with or without a will, with a defective will, with a tenancy by the entirety, … Continue reading
Posted in Estate Planning & Probate, Real estate, investing
Real Estate, Investments May 2018
TAX REFORM Individual landlords and partners owning real estate should qualify for the new 20% deduction from Qualified Business Income. See the business article above. In the future I hope to have some examples for readers. Meanwhile Installment Sales and … Continue reading
Posted in Real estate, investing, What's New?
REAL ESTATE, INVESTMENTS WW2017_8
EASY AND EFFECTIVE TAX TIPS Avoid gain on older stocks. One of my new clients, Serena Stockholder, is a Federal Express employee and loves to buy Federal Express stock. As a result, she has stock that has been purchased over … Continue reading
Posted in Real estate, investing, What's New?
REAL ESTATE, INVESTMENTS WW2017_7
WHEN IS A DORMITORY A TAX SHELTER? Let’s say that your “child” is a sophomore in college and you are tired of paying rent for his apartment. What can you do? If the ave you considered buying a place for him to … Continue reading
Posted in Real estate, investing, What's New?
Tagged airbnb, tax planning, taxes
Don’t be afraid to sell your property. WW2017_1
Are you afraid to sell one of your properties because of the tax liability? Clients often come to me, worried about this problem. In some cases, they may be right to worry. Taxable gain equals selling price less “adjusted basis.” … Continue reading
Posted in Real estate, investing, What's New?
Airbnb – Save Taxes after Tax Reform
In this article, the author, Wis Laughlin, tells you how to pay the lowest legal taxes on your Airbnb rentals, particularly after 2017 Tax Reform. This article is based on a May 10, 2018, talk at Memphis Investors Group at … Continue reading
Posted in Real estate, investing, What's New?
Tagged airbnb, tax planning
Real Estate, Investments WW2016_9
How can you boost your after-tax return on your real estate and other investing? Normally, a taxpayer’s rental property losses are limited to $25,000 per year or less, but a landlord can deduct unlimited rental property losses by qualifying as … Continue reading
Posted in Real estate, investing, What's New?
