How to File Taxes as a Real Estate Professional
Qualifying as a real estate professional can allow rental real estate losses to be treated as nonpassive for federal tax purposes when you also materially participate in the rental activity. That can make losses available to offset other nonpassive income, subject to other applicable tax limitations.
Mastering Real Estate Tax Preparation for California Flippers
Turn California Flips Into Tax-Smart Profits Flipping houses in California can be highly profitable. Property values are strong, opportunities move quickly, and […]
Comparing S Corp and LLC Tax Preparation for California Owners
Tax problems rarely show up all at once. In most cases, they build gradually over time. It often starts with missing records, […]
What California Homeowners Must Remember During Tax Time
Owning a home in California comes with numerous benefits, such as privacy, great weather, and tax advantages. However, tax laws can change […]
IRS Real Estate Professional: What Is It and How Do You Become One?
More and more Americans are considering the idea of real estate as a way in which to generate passive income. Rental income, […]
Cost Segregation: What Real Estate Investors Should Know
Are you a real estate investor with numerous properties, who fears tax season? This may be the year for you to utilize […]
The Tax Advantages of Real Estate: 5 Reasons to Invest
Real estate investments have many tax advantages that reduce your yearly expenses and maximize return on investment. This article will look at […]
Tax Advantages of Owning a Real Estate Rental Property: 9 Tax Deductions You Need To Know
Owning real estate is a great way to invest your money and grow your personal wealth. Being a landlord can greatly increase […]
1031 Exchange For Real Estate Investors: Rules, Strategies and More
If you’re a real estate investor, 1031 exchanges can be a great way to increase your tax efficiency. They allow you to […]
Apartment Building Investors – Changes in 1031 Exchanges and Cost Segregation
Apartment building investors – this podcast is for you! Eric Christopher of WSC Realty advisors interviewed Tony Watson, EA on his Everything […]
Using Section 179 or The “Hummer Loophole” To Lower Your Business Taxes
Successful business owners have no problem paying the taxes that they owe – but that doesn’t mean they shouldn’t look for loopholes […]
CPAs Vs Other Tax Pros: Which One Do You Need?
In the US, there are a number of professionals who can help you make sense of the US tax code: CPAs, accountants, […]