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Sources of Passive Income

[fa icon="calendar'] Jul 13, 2018 3:43:41 PM / by Samuel Kirshenbaum posted in Passive Income, Tax credits, Cherrytree Group, Renewable Energy, Investment Tax Credit, federal tax credits, Historic Rehabilitation Tax Credit

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The most common form of wealth stems from active income, money earned from performing a service. This is capital made from but is not exclusive to jobs providing salaries, tips, or commission. But many times, the public hears of enigmatic stories about immense financial growth through various means of passive income.

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Changing the Game: The Future of Tax Credits

[fa icon="calendar'] Jul 13, 2018 3:03:51 PM / by Warren Kirshenbaum posted in Tax planning, tax credit, Cherrytree Group, warren kirshenbaum, family office, federal tax credits, Investment Tax Credit, Historic Rehabilitation Tax Credit, Passive Income, IRS Guidelines, Renewable Energy, Federal Tax Credit, Tax credits, opportunity zones

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These are exciting times in the tax credit world!  In addition to tax cuts, the 2017 Tax Reform brought about other significant changes, including “Opportunity Zones”, which are a new concept that can potentially link tax credit projects and capital gain deferrals in a single deal.

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Are you interested in paying less taxes?

[fa icon="calendar'] May 24, 2016 4:17:07 PM / by Warren Kirshenbaum posted in Passive Income, Federal Tax Credit

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No matter whether you view the economy as sluggish, brisk, or flat, several realities are evident, those being that corporate tax rates are at a record "low" of 39%, the highest individual tax rates are 39.6%, and long term capital gains rates are on average 28.6%, when taking into account the federal deductions of state taxes and the phase-out of itemized deductions.  

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With the spike in capital gains rates, tax credits have become a viable planning tool

[fa icon="calendar'] Jan 30, 2016 1:58:27 PM / by Warren Kirshenbaum posted in Passive Income, federal tax credits, capital gains rates

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Alternative Sources of Passive Income

[fa icon="calendar'] Jun 30, 2014 11:48:00 AM / by Lillian Clark posted in Historic Rehabilitation Tax Credit, Investment Tax Credit, Passive Income, federal tax credits

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     Perhaps the most well-known form of passive income comes from Real Estate, specifically from rental income.  The scope of passive income however, is much broader than just the Real Estate market.  The Internal Revenue Service (IRS) recognizes passive income as any, “income received on a regular basis [from an activity], in which you do not materially participate”.

     With the advent of the internet, social media, and the growing popularity of blogs, a relatively new source of passive income has emerged.  Today, “affiliate marketing” which is typically generated when targeted advertisements are placed on high traffic websites, has become a major revenue source for individuals with popular websites and blogs. When readers click advertisement links and/or make purchases from a website, the operator of the site makes a small profit, hence the term, “affiliate marketing”.  For popular sites, this profit can accumulate into quite a substantial amount of passive income.

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