Many do not consider retirement until the time grows close, and many then scramble to find appropriate retirement options.
Tax preparation services of Chicago, Illinois, and Jeff Badu helps clients make plans for their retirement. One of the many options made available are REIT, real estate investment trusts, that work in part with other retirement options. This provides many with a steady source of income during retirement years.
“The most common way to do this is use an equity company. These pool money from many different customers and make investments on their behalf. Dividends are paid out to shareholders,” said Badu.
This means there is specific tax responsibilities for shareholders. Badu offers tax preparation services in Chicago, IL, for REIT members.
There is a high chance of excellent income potential within the REIT, but this also comes with high risk. Badu explained.
“Most REIT equity businesses buy on debt with the rental income to offset the debt and generate the income. When there is a loss on the properties and it does happen, the shareholder takes the hit against their income. This is why I recommend meeting with me to discuss tax options for retirement savings.”
Badu and his team offer other tax services in Chicago, IL, in addition to helping with retirement planning tax preparation.
Badu Tax Services, LLC has worked exclusively in Chicago for many years. Jeff Badu, CPA, is certified in the state of Illinois and specializes in taxation for small and medium businesses. Learn more at his website. Visit www.badutaxservices.com for details.
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States