It is a tool used by business owners(even partial owners) to legally reduce income taxes while creating future wealth and income at the same time. It isn’t a tax scheme, or a traditional qualified plan of any kind. It’s in use for almost two decades by both big and small businesses and is used and analysed by the IRS almost twenty times with no changes needing to be made. What does a RPT do for a business owner? A Restricted Property Trust gives the owner the ability to fund the trust and have most of the funding be tax deductible every year. This will save the business owner potentially hundreds of thousands of dollars in taxes over a five to ten year period. Here are some details of how and why the trust is used for tax deductions and wealth creation:- A Restricted Property Trust (RPT) is formed by a professional well versed in this type of trust and in conjunction with your CPA or tax attorney. The minimum contribution to the trust every year is 50,000 USD in five ye...
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