If there is one thing you can not run away from as an adult, it is taxes. As a result, most people and businesses do their best to pay less in taxes. This will allow them to save more. These savings often go a long way when it comes to retirement plans or the growth and development of your business. At Dean Roupas and associates, we specialize in helping you maximize your savings.
- Consult a qualified tax advisor
Thanx to the internet, one can access almost everything after a few clicks and scrolls. While there are several tips online for you to consider, remember that specific roles require expertise. Your money is valuable, so having experts work with you is not such a bad idea. Individuals like Dean Roupas, who have been in the field for a long time, have experience and knowledge to help you save more on your taxes.
Work with an advisor or tax firm interested in your objectives and can identify tax-saving alternatives tailored to your specific circumstances. Roupas and associates have been doing this for years now, and you can trust them. A trusted advisor is someone who does more than merely file tax forms and gives general tax-saving advice. Instead, they create a personalized plan for you. A business owner may have dramatically different tax-saving potential than a W-2 employee. To establish a planning approach that corresponds with your long-term goals, a real Trusted Advisor collaborates with other specialists such as attorneys, financial consultants, and insurance agents.
Do you think that working with a qualified tax advisor might be expensive? Well, most Dean Roupas and associates can quantify the potential tax savings they can achieve for you when you work with them. These savings usually far outweigh any fees you may pay for their services. You will benefit from working with a tax advisor.
- Get the most out of your itemized deductions.
Even though nearly 90% of taxpayers will take the standard deduction rather than itemizing under tax reform, you still have the opportunity to maximize your deductions and push them above the standard deduction. This is $12,400 for single filers and $24,800 for married filers filing jointly. Your itemized deductions, such as house mortgage interest and property taxes, are close to the standard deduction. Keep in mind that charitable contributions may push you over the standard deduction line. Include any household goods and supplies you donated throughout the year, as well as any travel expenses you incurred while engaging with a charity. Dean Roupas will help get the most out of your itemized deductions.
- Purchase a house or invest in real estate
The new tax law appears to have diminished the benefits of owning a house. This is because the deduction for Property Taxes and Mortgage Interest is capped. However, there are still significant benefits to excluding capital gains when selling your property.
Selling a principal residence that has increased in value might result in significant capital gains. You can deduct up to $250,000 of that gain from your income if you file a joint return with your spouse. Or up to $500,000 if you file a joint return with your spouse. Special rules exist, so make sure you talk to your tax expert about it. Roupas and associates specialize in such issues.
Buying real estate as an investment might be a great way to save money on taxes. Depreciation reduces a significant percentage of rental income. In fact, it is not uncommon for us to find rental properties that are cash-flow positive yet have a paper loss.
Rental Real Estate Investment Properties can be constructed around any advanced tax planning tactics, making them a very effective vehicle for long-term wealth growth with little to no tax impact. As always, talk with your Trusted Advisor to explore and implement tax-saving options that are tailored to your specific circumstances.
- Investigate the most-missed credits.
There are a couple of credits that citizens will generally miss each year that can be lucrative investment funds on your duties. The procured annual tax reduction is one of the most overlooked – truth be told. The IRS expresses that around 1 out of 5 citizens miss it consistently. The procured annual tax reduction can be worth up to $6,660 for a family with three children. However, numerous citizens neglect to guarantee this because they may not understand they are qualified. Qualification for the acquired annual tax break depends on low to direct pay. Your pay may regularly be higher than the EITC pay limit. However, on the unfortunate chance that you have a deficiency of wages, you may now be qualified to guarantee the refundable credit and amplify your assessment reserve funds.
The saver’s credit is another credit that numerous citizens neglect to guarantee (and frequently don’t think about). It would be best if you investigated the saver’s credit, as it’s a credit that you can get for adding to your retirement. It can be worth up to $1,000 for single filers and $2,000 for married citizens documenting together. On the off chance that you confronted joblessness because of the occasions of 2020, you might be qualified for a portion of these pay based credits. Under the Coronavirus Response and Relief Supplemental Appropriations Act passed on Dec. 27, 2021, there is likewise a unique lookback arrangement that permits you to utilize your 2019 pay on the off chance that it assists you with meeting all requirements for more procured annual tax reduction.
- Maximize on business deductions.
This is likely the most common way used by businesses. If you own a business, you want to take advantage of as many Small Business Tax Deductions as feasible. Remember to include educational and membership expenses. These may be deducted if you pay dues to a business-related organization or pay to attend business-related seminars, such as CLEs. Keeping track of the purchase of new equipment or software will also maximize your deductions. Small firms may be able to deduct the cost of specified assets in the year they are purchased.
Dean Roupas and associates focus on helping you understand these and many other tips that you can consider to maximize your savings on tax money.
Vitaly Malkin: Oligarch from the East … pseudonym “Uncle”
Kenia had a lot of contacts, one of the many was a girl I didn’t know much about, but her name is Gosia and she has a wealthy client from Russia who has a special love for very young girls. At the entrance, I found out that he was a member of the Russian parliament, he was an important person and that was enough for me. We sent girls to him, who then performed, among others in the programs of the Polish edition of the popular Top Model program. “Uncle”, as Gosia called him, was the owner of the Avant agency. Russian oligarch and politician with an Israeli passport in his pocket, a trusted man of the former and current President of Russia – Vitaly Malkin. It is worth focusing on the figure of this man, who is a symbol and stereotype of the so-called “Nowy Ruski”.
The official (because it matters in this case) Malkin’s fortune, in 2008 was valued by Forbes Magazine at $ 1 billion. Comparing him with other famous oligarchs from the headlines, he was not exceptional. However, Malkin is an active and very colorful background that plays a significant role in Putin’s Russia in shaping the policy and system that has been building the Russian mentality since the collapse of the Soviet Union. Malkin’s career began in 1990. A young employee of cooperative introducing computer technology at a Moscow university, having Jewish roots, had access to the first mass-produced personal computers
imported from abroad. Malkin’s first fortune, along with his colleague Bidzina Iwaniszwili, was allocated to the “Agroprogress” cooperative, which was to “promote” computer technologies. It is worth stopping here and seeing who Malkin’s partner at the time – later known as Bidzina Iwaniszwili.
Bidzina, Georgian billionaire and politician. The leader of the Georgian Dream coalition, which won the parliamentary elections in October 2012. Prime Minister of Georgia from October 25, 2012, to November 20, 2013. According to Forbes magazine, the value of his assets in 2009 amounted to USD 3.2 billion and systematically increased over the next three years. In March 2012, as Georgia’s richest man, he was ranked 153rd on Forbes’ richest people list with a net worth of $ 6.4 billion. His fortune was half of the annual Georgian budget (https://www.forbes.com/profile/borisivanishvili/).
He suddenly appeared in Georgian politics in 2011, interestingly in the same year, he owned a minority stake in Russian Gazprom worth 1.5 billion dollars. Ivanishvili created a new political party from scratch and gathered around him opponents of the then-president Mikheil Saakashvili, who was criticized by the opposition, among others for violating human rights, especially in prisons. But it was Saakashvili after the “Rose Revolution” who
transformed Georgia from the most criminal state in the Caucasus into the most secure, fighting the gigantic scale of corruption along the way.
In the media, Bidzina says that he would rather be a fruit grower than a politician. In fact, it is successful on both levels. His party has been in power continuously since 2012, and he is surrounded by nature wherever he can. He even built a residence for himself in the Tbilisi Botanical Park. But this is not his only property. More beautiful and larger, because it covers 260,497 m2, it is located on the shores of the Black Sea, surrounded by subtropical greenery, separated by a tight fence from the eye of an interesting passerby. There, Bidzina realizes itself as a fruit grower.
The Russian-Georgian Dream, or the rise of Uncle’s power
Coming back, however, to the 1990s and the fledgling Russian, post-Soviet psedo capitalism and cooperation on the Malkin Iwaniszwili line. As can be seen from many Russian websites devoted to the activities of oligarchs (in this case also: https://hrmonitor.ru/bio/vitalij- malkin.html), the next business step in the path of this business duo that made their first big money in hard currency was to set up a bank called OJSC Bank Russian Credit. In 1996, it was the seventh-largest bank in Russia by assets. In 1997, the bank was transformed into a joint-stock company. Due to the Russian financial crisis in 1998, the Russian Loan became insolvent and lost most of its clients, and hence also deposits – despite this, the bank stayed on the surface. However, Malkin left the company in 2005, and Ivanishvili in 2012. In 2016, the
bank’s license was withdrawn, and therefore its activity had to be suspended. The businessman received a minority stake in a company specializing in oil and gas. In 2011, the company was sold to Rosneft, followed by the career of the Russian-Georgian duo with the purchase of a number of newly privatized Russian mining plants. In 2002, they sold their combined metallurgical assets for about $ 2.2 billion.
In 2012, Malkin’s official tax returns showed that he was the richest member of Russia’s upper house of parliament (Federation House), earning $ 33.6 million in 2011 alone. He resigned from parliament in 2013 after allegations that he illegally held dual Israeli and Russian citizenship and significant assets. His efforts to obtain Canadian citizenship were repeatedly rejected due to reports that the government was concerned about alleged ties to organized crime as reported in The Times (https://www.thetimes.co.uk/article/vitalymalkin- the-philosophical-oligarch-hoping-to-turn-his book-into-a-bestseller-fb7hg3m3t).
Cooperation with “Uncle”
It was for him that we arranged the girls through Gosai’s agency. Gosia was one of the people who used my and Kinia’s services. Kenia knew Gosia longer than I did, I had no specific knowledge about her. Always according to her guidelines, I sent certain girls to the same client, which is Vitaly. I did not know then that Gosia is like Vitaly’s agent for Poland, who has a clearly defined task: searching for new victims of the “sexual gains” of a powerful Russian oligarch. One of such girls was Magda, who confided to me what happened on one of such trips :
“We went to Moscow, he hosted the girls most often there. There were always several of them. I saw that not all of them were of legal age. He welcomed us in his very expensive palace in a villa district near Moscow. His wife had access to the huge house, and in this case, he had a special tunnel dug to avoid meeting with his spouse. He was obsessed with our age. I noticed that our passports were checked during our stay in order to verify our date of birth.”
“We often lied to Vitaly (with Gosia’s permission) about the age of the girls, as his requirements seemed to be pedophilic. Girls often got into a row over the fact that he had been deceived about their age. We chose girls of his type of beauty, which he always accepted. The issue that led to the controversy was age.”
As reported by Magda.
“ During my stay, we saw Vitaly’s irritated people. Russian bunny girls said that he was furious because he found out that one of the girls had lowered her age. One Ukrainian woman was allegedly kidnapped and burned her passport, he expected that she was 15, not 19. I completely did not understand the oligarch’s motives.”
To be continued…….
Esteban Jimenez Story!From A Dreamer Boy To A Successful Entrepreneur
Esteban Jimenez is a venezuelan entrepreneur, CEO and founder of two companies dedicated to restoring and modify cars, Luxtires and ForceMotorsport. He dreamed about it his entire life, since he was a child, he wanted to dedicate his life and career to cars and motorcycles. From a very young age, he was surrounded by friends and family that encourage and support him in his passion. Esteban tells us first-hand how his childhood and his closeness to people and jobs related to the area, influenced his preparation to become the successful man he is today.
He was born in Venezuela. Since he was a little child, his parents, Yolimar Romer and Luis Jimenez involved him in the business of restoring and modification and restoration of cars, because it was the family business of them. “I grew up surrounded and exposed to that environment because my father’s family have always worked on it.”
In fact, he started working at a very early age: “my first job was in my 14, with my dad at a bodyshop restoring and repairing cars. That was my first experience in the area, and even if I was very young and the activities were more as an assistant, I can consider it my first learning, and later, it will be what motivates me to keep learning, this experience gave me the passion for what I do today. My childhood was very happy, and the more I got close to the world of cars, the more I got passionate about”
His father was the first one who gave him the opportunity of getting involved in the area, that is why he became and he has always been his model to follow. “He was a good father, he always believed in me so he gave me the examples needed to improve my skills”. Esteban also followed closely the careers of Foose and Richard Rawlings.
When ha was a teenager, his relatives always support him, and they were the ones that convinced him to work as an independent, and then he could finally found his first company in Venezuela, dedicated to the car`s restoration and transformation. At that moment, it was a very good business opportunity in that country, because the company offered a brand-new service in the Venezuelan market.
The knowledge he acquired in Venezuela gave him the opportunity to found two companies in Miami, Florida, where he lives since 2016, Luxtires and ForceMotorsport, where he keeps innovating and creating techniques and equipments for his customers.
Knowing a little more about his early years, he considers that his experiences became him into the man he is today: “there are good and bad experiences in life, but all of them teach you something to make you a better person, and everything that happened in my life made me decide that I wanted to work on this, for me and for my family. This is what I love, and if I can help others to reach things they want for them, why wouldn’t I? If I can give an advice, there it goes: if you have a dream, that you truly believe it can get better and you will produce something useful for others, then work for that. If you want that and work for that, you will achieve it. Everything is possible”
Marko Stout -The best known Artist in New York City.
New York and art. The big apple is full of many museums, art galleries and graffiti. But if you ask anyone in downtown New York City who they think the best and coolest artist is, most will reply ‘Marko Stout.’ His fame has earned him an immense cult following of ardent fans and loyal art lovers who see him as the next Andy Warhol. In fact, because of the tremendous stir around him.
Marko Stout is a popular New York-based artist renowned for his raw pictorial pop narrative approach, saturated in vigorous color and topical expression that resonates with the viewer! Celebrated for his innate ability to entwine styles of the gritty urban world- particularly NYC with the erotic aura of feminine ferocity, Marko’s inventive work has taken Manhattan by storm
Marko Stout user gallery
This user gallery has been created by an independent third party and may not represent the views of the institutions whose collections include the featured works or of Google Arts & Culture.
Marko Stout is a multimedia, digital, and film artist based out of New York City, best known for his stimulating narratives of contemporary urban society, where subjects often appear in a moderate state of distress, overwhelmed by their modern high-tech uber-paced environment, while still maintaining a chic detached sexy demeanor of a sophisticated twenty-first-century city dweller
According to Hollywood Magazine; Marko Stout depicts contemporary society amidst the grit, energy, and excitement of modern city life.”
Marko’s art fans have been attracted to his pieces because of their vibrant colors and the cool NYC theming that are different from others. Marco’s solo exhibitions have been attended worldwide from New York, London, Los Angeles, Brussels, and Miami, New Jersey to Paris. He’s been on many covers and headlines of magazines like City Limits, Huff Post, The Entrepreneur Magazine, LA Journal, Forbes Magazine, Times Square Chronicles, and Splash Magazine.
Marko Stout is well known for his video art installations and his establishment of New York City micro cinema, a grittier style of experimental French new wave art cinema with film noir influences. Marko’s exhibitions usually include experimental film and video installation pieces characterized by unconventional narrative structures and the use of everyday urban subjects. For his works, Marko often uses the digital media of modern film and video, which he presents in various cinematic locations, gallery and museum installations, and nightclubs.
Marko Stout NFT
Many in the art world, including prominent dealers, are excited about the announced release of NFT by acclaimed New York artist Marko Stout, whom many media are calling “the next Andy Warhol.” The upcoming NFT collection is based on the artist’s most recent works and will debut on OpenSea, the online non-fungible token marketplace also based in New York this spring.
The idea of owning a digital asset appeals to many people, but not all of them know how to make this dream a reality. This is the perfect investment option for you these days! Marko Stout NFT gives you bragging rights and a sense of exclusivity. Simply owning one of these tokens will trick people into thinking you’re an insider or aficionado with access to unique opportunities not available to everyone, which can be a great way to socially network or professionally. You enter the ground floor of an artist’s first wave of blockchain work.
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