Will Your Insurance Cover the Earthquake and Flood Damage That Is Predicted to Happen? By GSI Insurance Solutions

California Storm Threatens $725 Billion Worth of Damage  On July 4, 2019, a 6.4 magnitude earthquake hit just north of Los Angeles, California. The next day, a 7.1 magnitude earthquake hit the area. Now, scientists are predicting a massive California storm that could cause a building toppling earthquake and the collapse of the Whittier Narrows…

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Biden’s “‘Billionaires’ Tax” Affects More Than Billionaires by Gary D. Halbert

In his federal budget for fiscal year 2023 that he unveiled earlier this month, President Biden proposed a huge new tax increase on America’s wealthiest citizens. The administration labeled it the “billionaires’ tax” and promised it would finally bring fairness to our tax code by making the richest Americans pay at least 20% of their wealth gains annually to…

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LLC vs Living Trust: Which is Better Protection? By, Michael K. Elson, Attorney

A Limited Liability Company (LLC) is designed to protect your assets from lawsuit liabilities. A Living Trust is designed to preserve your assets from unnecessary taxes, probate, and court control of your estate when you die or if you become incapacitated. The LLC is a corporate entity featuring liability protection for its owner(s), much like…

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Cost Segregation Studies Generate Savings for Real Estate Investors By Cliff Hockley, CPM, CCIM

Cost segregation studies are a very effective way to generate savings when buying investment property. They should be considered by every real estate investor on every transaction. When optimized, they can increase cash flows, reduce tax liability, and uncover missed deductions. What is a Cost Segregation Study? A cost segregation study (CSS) is an engineering/accounting…

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