Heirs recover estate tax paid on IRAs and deferred comp.
Income in Respect of a Decedent (IRA distributions, deferred comp, annuities) is taxed twice — once via estate tax, again as income to the beneficiary. §691(c) lets the beneficiary deduct the estate tax attributable to the IRD item. Frequently missed by heirs and their CPAs.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Front-load depreciation on real estate to slash current-year taxes.
Turn W-2 income into tax-free passive rental losses.
Defer capital gains indefinitely by rolling into bigger real estate.
Defer + eliminate capital gains via OZ funds.
Rent your home to your business up to 14 days/year — tax-free.
Deduct 20% of pass-through business income.
Slash self-employment tax on profits above ~$50K.
Expense equipment, vehicles, and property in year one.