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Tax Attorney Anthony Kim Sheds Light on Tax Filing Pitfalls for High-Net-Worth Individuals on “Liquidity Event Lessons” Podcast

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Tax Attorney Anthony Kim Sheds Light on Tax Filing Pitfalls for High-Net-Worth Individuals on “Liquidity Event Lessons” Podcast

Published on March 21, 2024

In an illuminating upcoming episode of the “Liquidity Event Lessons” podcast, hosted by finance veteran Michael Ross, esteemed tax attorney Anthony Kim of the reputable firm Rosado & Kim will reveal the common tax filing mistakes that high net worth individuals and families often make. With a career spanning over three decades specializing in federal and state tax matters, Kim’s insights are invaluable for anyone navigating the complex world of taxes, especially during significant financial events.

The episode “Navigating Tax Challenges for the Wealthy” promises to delve deep into the intricacies of tax preparation and filing for affluent business owners. Kim will cover various topics, including the allure of “can’t lose” tax schemes and the critical importance of accurate tax filing following liquidity events.

Michael Ross said: This topic is important because business owners spend decades of their life building businesses that they are proud of and are valuable, only to make mistakes in the sales process and see the value at sale drop dramatically because of it.”

“One of the biggest missteps I see,” Anthony Kim shares in the interview, “is underestimating the complexity of tax laws, especially when dealing with liquidity events. It’s essential to have an experienced tax preparer who can foresee the IRS’s objections to certain filings and guide you through the process.”

“Liquidity Event Lessons” by Michael Ross is designed to explore the pitfalls that trap many high-net-worth business owners during the crucial period of selling their business. This episode aims to educate listeners on the dangers of engaging in too-good-to-be-true tax avoidance strategies and how the IRS is increasingly vigilant about such schemes.

Listeners will gain insights into how they can anticipate IRS objections and ensure their tax filings are compliant, thus avoiding potential audits and penalties. The discussion will also touch upon the broader implications of these mistakes and how proper guidance and planning can lead to more favorable outcomes.

The episode is a must-listen for business owners, financial planners, and anyone interested in understanding the complexities of tax law as it applies to high-net-worth individuals. Through this engaging conversation, Anthony Kim aims to arm listeners with the knowledge to identify and steer clear of common tax mistakes, ensuring a smoother and more profitable business transition.

“Don’t miss this opportunity to learn from one of the field’s most experienced professionals,” invites host Michael Ross. “Understanding these common pitfalls can save you from significant headaches and financial loss.”

 

About Michael Ross

Michael Ross, is 30+ year veteran as a financial advisor. After 30 years with Morgan Stanley, he is now an independent financial advisor who excels in helping business owners exit their businesses and move to the next phase of their lives.

Advisory services are offered through Integrated Advisors Network LLC, a registered investment advisor.

Learn more: www.mylatticewealth.com

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Suzanne Dunn Jewelry: Empowering Women Through Faith, Resilience, and Storytelling

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Suzanne Dunn Jewelry: Empowering Women Through Faith, Resilience, and Storytelling

Published on March 28, 2024

Suzanne Dunn Jewelry, founded by Suzanne Dunn, offers luxury collections crafted in 18k gold and sterling silver, each piece telling a story of faith and resilience. Suzanne’s inspiring journey from homelessness to successful designer aims to empower women who have faced adversity through her unique designs and partnership with organizations to provide training and employment opportunities within the jewelry industry.

Suzanne Dunn, the visionary founder of Suzanne Dunn Jewelry, has emerged as a beacon of hope and empowerment for women through her unique luxury jewelry collections and personal story of faith and resilience. In a recent interview on the Shine On Success Podcast, hosted by Dionne Malush, Suzanne shared her journey that began in a basement and led her through a New York City homeless shelter. Her unwavering commitment to her dreams and her faith has culminated in a thriving jewelry brand that marries luxury with a social conscience.

Suzanne’s collections, Gears of Life and Mantra, are crafted in 18 karat gold and sterling silver, each piece telling a story of faith, love, and the power of believing in oneself. The Gears of Life collection represents the essential elements one must possess to navigate life’s challenges, while the Mantra collection features pieces adorned with uplifting words such as “blessed,” “faith,” and “love.”

In addition to her finished collections, Suzanne Dunn Jewelry offers custom pieces that allow clients to share their personal stories and celebrate milestones. Each custom piece is accompanied by a book that documents the creation process from sketch to finished product, making it a truly special and meaningful keepsake.

Suzanne’s journey from aspiring medical professional to homeless single mother to successful jewelry designer is a testament to the power of faith and perseverance. Through her brand, she aims to empower women who have faced adversity, partnering with organizations to provide training programs and employment opportunities within the jewelry industry.

“Have faith, be resilient, and don’t take no for an answer,” Suzanne shares. “Understand that regardless of your current situation, it doesn’t define you as a person. If you’re in an adverse situation, don’t take it upon yourself and say, ‘This is who I am.’ It’s just a bump in the road.”

Suzanne Dunn Jewelry collections are available on her website, suzannedunn.com, and select pieces from the Mantra collection can be found on Walmart.com.

About Suzanne Dunn Jewelry: Suzanne Dunn Jewelry is a luxury jewelry brand with a social conscience, founded by Suzanne Dunn. The brand offers two collections, Gears of Life and Mantra, as well as custom pieces that tell personal stories. Suzanne Dunn Jewelry is committed to empowering women who have faced adversity through training programs and employment opportunities within the jewelry industry.  For more information or to schedule a custom jewelry consultation, visit her website suzannedunn.com or connect with Suzanne on Facebook at facebook.com/zannedunn, Instagram at instagram.com/suzannedunnjewelry.

About Shine On Success Podcast: The Shine On Success Podcast, hosted by Dionne Malush, entrepreneur and owner of Realty One Group Gold Standard, is dedicated to exploring the journeys, challenges, and triumphs of today’s entrepreneurs. Each episode is crafted to inspire, educate, and empower listeners, whether they’re just starting out or are seasoned business owners.

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Justin Hopkins Mortgage Loan Officer with Huntington Bank, Interviewed on the Elite Real Estate Leaders Podcast.

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Justin Hopkins Mortgage Loan Officer with Huntington Bank, Interviewed on the Elite Real Estate Leaders Podcast.

Published on March 28, 2024

Justin Hopkins Discusses Outside the Box Ideas to Rehab or Purchase Property Using a Renovation or Construction Loan. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-justin-hopkins-mortgage-loan-officer-with-huntington-bank/

In a market where home values are increasingly important, homeowners are constantly seeking ways to enhance the appeal and worth of their properties. Recognizing this trend, leading financial experts today shared invaluable insights on how renovation mortgages can be a strategic tool in increasing home value.

Renovation mortgages offer homeowners the unique opportunity to finance their home improvements through their mortgage, allowing for potentially significant increases in property value without the immediate out-of-pocket expense. These financial products can cover a wide range of renovations, from kitchen and bathroom upgrades to energy-efficient installations and smart-home technology.

Key Tips for Utilizing Renovation Mortgages:

  1. Focus on High-Return Projects: Experts recommend prioritizing renovations that are known to offer the best return on investment (ROI). Kitchen and bathroom remodels, adding square footage, and energy efficiency upgrades are among the top suggestions.
  2. Smart Financing Decisions: Homeowners are encouraged to carefully consider their financing options. A cash-out refinance or a home equity loan could unlock the equity already built up in the property, providing the funds needed for impactful renovations.
  3. Plan with Resale in Mind: While personalizing a home is important, experts advise keeping potential buyers in mind. Renovations that appeal to a wide audience can help ensure the home sells quickly and at a higher price point when the time comes.
  4. Consult Professionals: Before embarking on renovation projects, consulting with real estate and renovation professionals can provide valuable insights into which improvements are most likely to increase home value in a specific market.
  5. Incorporate Energy Efficiency: Making a home more energy-efficient not only reduces utility bills but also can significantly increase its value. Upgrades such as solar panels, energy-efficient windows, and smart thermostats are attractive features for today’s eco-conscious buyers.
  6. Embrace Smart-Home Technology: Installing smart-home technology, such as security systems, thermostats, and lighting, can make a home more appealing to tech-savvy buyers and increase its overall value.
  7. Don’t Overlook Curb Appeal: First impressions matter. Enhancing the home’s exterior through landscaping, fresh paint, or new siding can dramatically improve its curb appeal and, by extension, its value.

Justin explained: “Strategically utilizing renovation mortgages can significantly enhance a home’s value, making it a worthwhile consideration for homeowners looking to sell or simply improve their living space. As the housing market continues to evolve, staying informed on the best practices for home improvement financing will remain crucial for maximizing property value.”

About Justin Hopkins

He has been a Mortgage Loan Officer since 2020 and has helped many individuals and families purchase and refinance their homes.  He offers an array of mortgage products including renovation, and construction to go along with the conventional and FHA, VA, and USA products.

Learn more:
https://linktr.ee/justin.hopkins  | https://www.linkedin.com/in/justin-hopkins-75115b19b

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Dating Coach Creates Quiz To Stop People Sabotaging Their Own Love Life

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Dating Coach Creates Quiz To Stop People Sabotaging Their Own Love Life

Published on March 28, 2024

Dating coach Adam Lyons has created an online quiz to help people discover the ways they might be sabotaging their own chances of romance.

The Self Sabotage Dating Test allows people to find out which of seven personality types they belong to and how this impacts the way they date. Aimed predominantly at men, the test is designed to help them see the ways they have been self-sabotaging when it comes to dating so they can improve their chances of success.

Adam, who is the founder of Ask the Dating Coach, originally developed the quiz to use with clients on his high-level programs. It proved to be so successful in helping him identify weaknesses in their dating strategies, that he decided to open it up to anyone by offering it free on his website, askthedatingcoach.com.

The 43-year-old, who is originally from London, UK and now lives in Texas, US, says: “Most of the dating advice out there comes from the one personality type which speaks the loudest and it doesn’t resonate with everyone. The Self Sabotage Dating Test calculates which personality type you are out of seven and helps you identify which of the seven types you match best with and how you would match with the other six.

“It is designed to show men where they are going wrong. Each personality type has eleven different ways they will commonly mess up their own dating success.”

The seven personality types include the Social Guy, the Voice of Reason, the Enabler, the Daddy, the Creative and the Performer. Adam says that people’s personality types are not fixed and can change depending on their mood, circumstances and situation. 

Adam says: “I’ve been teaching men how to date successfully for 18 years, and the first step has always been to work out what someone’s personality type is as well as the personality type of the kind of people they want to date. Once we know that, we can build a plan and instead of trying to date every woman they meet, they are focused on looking for the right one.

“There are lots of ways people self-sabotage when it comes to dating but the most common one is telling themselves ‘it won’t work for me’. Ruling themselves out before they even try is the biggest way people hold themselves back, followed by telling themselves they don’t have time or that no one will be interested in them.

“The test isn’t a fun, fluffy quiz – some of the questions are quite invasive and ask about things like finances but this is because we want to identify who you really are and give you an accurate result.”

The Self Sabotage Test is available now at https://askthedatingcoach.com/test

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