In terms of tax breaks, there are few that are bigger and better than the ones found in real estate. It is probably too late for you to do at this point of the year, but if you are thinking about investing in real estate, I recommend going to Lisa Vander’s workshop and reading her book. Go to http://www.pacblueinvestments.com.
I do not know what your business is, but if you can somehow classify or qualify as a real estate professional, you can offset a nearly unlimited amount of taxes using real estate.
