http://www.purtzki.com/justfordoctors/t ... -mortgage/
Article from the website of the accounting firm Purtzki et al. Three ways to make mortgage interest tax deductible using a corporation.
'You own real estate which cost $500,000, and has a market value of $900,000. You sell the real estate to your medical corporation, or holding company at an elected value of $500,000. Your Corporation borrows $500,000 to pay for the real estate. You use the proceeds to pay down your personal mortgage. The interest expense is deductible in the corporation...
The medical corporation borrows money to pay dividends to the shareholders, who use the funds to pay off personal loans. The interest is deductible in the company as long as the dividend is paid out of the accumulated profits or retained earnings of the company... You cannot borrow money and deduct the interest if the bank loan exceeds the retained earnings...
This strategy works well where the doctor has injected his or her own capital, usually in the form of a shareholder loan, into the corporation. Consider the following series of transactions:
You as a shareholder use the proceeds to pay down the personal mortgage;
You take out a new mortgage on your house and invest the funds in the company;
The company uses the new mortgage proceeds to repay the bank loan.
Nothing has really changed in your debt structure, except that the house mortgage is now tax deductible on your personal tax return.'Overhaul Retime Speed.
Give us the ability to select multiple keyframes where they have been added to the Retime Speed line.
Give us the ability to set eas in/out as the default keyframe option.
Get the keyboard shortcut for next and previous Keyframe to actually work (it doesn't on my Windows 10 machine) and also ensure that the keyframe is actually selected, rather than the playhead simply repositioned there.
Let us have a keyboard shortcut to activate the Retime Speed panel itself.
Article from the website of the accounting firm Purtzki et al. Three ways to make mortgage interest tax deductible using a corporation.
'You own real estate which cost $500,000, and has a market value of $900,000. You sell the real estate to your medical corporation, or holding company at an elected value of $500,000. Your Corporation borrows $500,000 to pay for the real estate. You use the proceeds to pay down your personal mortgage. The interest expense is deductible in the corporation...
Have your own thoughts to add to this or any other topic? Want to ask a question, offer a suggestion, share your own programs and projects, upload a file to the file archives, get help with calculator and computer programming, or simply chat with like-minded coders and tech and calculator enthusiasts via the site-wide AJAX SAX widget? EmberGenFX beta is out today - free for all OctaneRender subscribers! OTOY® and JangaFX are very proud to release the first public beta of EmberGenFX - bringing incredible real time GPU simulation tools for creating fire, volumetrics, smoke - and (new in this release) particles - to all OctaneRender subscribers. Windows 10 Pro version 20H2 OS Build 19042.630 CPU AMD Ryzen 3900x RAM 64Gb GPU RTX 3070 Studio Driver 457.30 C Drive Samsung SSD Other drives M.2 NVME 2Tb.
The medical corporation borrows money to pay dividends to the shareholders, who use the funds to pay off personal loans. The interest is deductible in the company as long as the dividend is paid out of the accumulated profits or retained earnings of the company... You cannot borrow money and deduct the interest if the bank loan exceeds the retained earnings...
This strategy works well where the doctor has injected his or her own capital, usually in the form of a shareholder loan, into the corporation. Consider the following series of transactions:
Dynare Forums View Topic List
The company takes out a temporary loan of, say, $300,000 to repay the shareholder loan;You as a shareholder use the proceeds to pay down the personal mortgage;
You take out a new mortgage on your house and invest the funds in the company;
The company uses the new mortgage proceeds to repay the bank loan.
Nothing has really changed in your debt structure, except that the house mortgage is now tax deductible on your personal tax return.'Overhaul Retime Speed.
Give us the ability to select multiple keyframes where they have been added to the Retime Speed line.
Give us the ability to set eas in/out as the default keyframe option.
Get the keyboard shortcut for next and previous Keyframe to actually work (it doesn't on my Windows 10 machine) and also ensure that the keyframe is actually selected, rather than the playhead simply repositioned there.
Dynare Download
Automatically create 'bell curves when the middle of 3 keyframes is lifted (or lowered) - or create a flat-topped bell curve if the line between the middle two of four keyframes is lifted.Let us have a keyboard shortcut to activate the Retime Speed panel itself.