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Kohler & Eyre CPAs, LLP (“K&E CPAs”) has been serving clients Nationwide for over 11 years! We have built a unique team of Personal Tax Consultants and Accounting Professionals whose primary objectives are to not only save our clients taxes, but provide support in their accounting needs to save them time and produce better information for decision making. We pride ourselves in communication, thinking outside the box and implement a proprietary checklist of tax strategies with all of our clients.
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Our Latest Blog Posts
- The Perils of Investing with Friends, Family and Church MembersEvery week our firm gets call from clients around the country who have lost money by investing with friends, family or neighbors they trusted—but who were not licensed to sell securities or did not properly document the relationship as a partnership. Many of these new clients have given someone a short-term, high-interest loan with a promissory note that has not been repaid. Others have invested money with someone who claimed to be achieving spectacular returns from investing in real estate, commodities, or foreign currency. Some invested into these ‘projects’ directly out of their retirement plan and wonder if now ‘all is lost’. Nearly in every case there is a guarantee of unusually high returns with no risk, and of course, they have never missed a payment. However, by the time they call our office, the money is gone, their calls are being ignored and they want legal advice on what ... Read more
- Why Buy Your Parent’s Home and Rent it Back to ThemBelieve it or not, it could actually be a really smart move to buy your parent’s home and rent it back to them. In fact, there are several ways to handle a parent’s home depending on their particular health or financial situation. But a bare minimum, even if you don’t use a sale/leaseback strategy your parents should have a Revocable Living Trust to ensure the orderly and effectively transfer of the home to the family and avoid probate in states where the expense can be significant. However, some of you may have alternative goals and purchasing the home to rent back to your parents could be a wise strategy. With a simple transaction, your parents could gain immediate access to their home equity, stay in the home, and you’d pick up some generous new tax deductions. Here is a summary of a few other hidden benefits: Access to Cash. ... Read more
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