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Groco Weekly
Weekly Wealth Building Tips Issue #130
January 7th, 2008

 

in this issue...
  • 8 Steps for Getting Out of Debt
  • Your 2008 401K Contribution Limits
  • Commercial Property Owners to Qualify for Energy Efficiency IRS Deduction
  • What Real Estate Investors Need To Know About Property Management

  •  
    Your 2008 401K Contribution Limits

    The 2008 401K contribution limits are mostly unchanged from 2007 - except for the increase in the section 415 limit on total contributions which is discussed below. At the same time it is important to review the limits regularly and make sure you are within the guidelines.


     
    Commercial Property Owners to Qualify for Energy Efficiency IRS Deduction

    Some commercial property owners have never dealt with qualifying for energy efficient tax deductions because they thought it was a waste of time. However, the government has definitely made it worth your while to look into this now.


     
    What Real Estate Investors Need To Know About Property Management

    Once you purchase a real estate rental property, you virtually become the CEO of your own small business. Sure, you feel good about becoming a landlord and owner of your own private money-maker, but unless it's raw land, your work has just begun.


     

    IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this document is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter that is contained in this document.


     
    8 Steps for Getting Out of Debt
    By Alan L. Olsen, CPA

    The Average American spends a great deal more than they make every year. This results in a financial pitfall to them later in life. If you find yourself digging deeper into the empty wallet there are ten steps that you can use as a crutch to help free you of the overwhelming financial burden of debt.

    Read On...
     


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