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Dec 13 How Tax Reform Impacts Real Estate

Last Updated Dec 13, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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At KRS, we've been tracking tax reform legislation closely and are ready to assist you in your tax planning and preparation when it is finally signed into law. This post discusses some important changes to tax law real estate professionals need to know about. ...

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Aug 03 What Is the New GAAP Lease Accounting Standard?

Last Updated Aug 03, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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In February 2016, FASB issued an update, ASU 2016-02, Leases (Topic 842) which impacts all entities that lease property, plant, or equipment. Under the new guidance, a lessee will be required to report on its balance sheet certain assets and liabilities related to lease...

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Jan 31 Do You Hold Real Estate in a C Corporation?

Last Updated Jan 31, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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In practice I have encountered legacy entities that were set up before the rise in popularity of S Corporations or the general acceptance of Limited Liability Companies. Occasionally, there is still the investor who was advised to purchase or is contemplating purchasing, rental real estate...

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Dec 22 Trending Now: Real Estate Crowdfunding

Last Updated Dec 22, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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Ever hear of real estate crowdfunding? If not, maybe you should take a look. As a result of the JOBS Act, crowdfunding platforms have become available which offer options for investing in real estate. Here's what you need to know about this new investing tool...

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Nov 07 Real Estate Trends – Foreign Sellers

Last Updated Nov 07, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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Acquiring U.S. real estate from a foreign seller? Make sure you are familiar with your filing obligations under FIRPTA. ...

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Oct 06 Can Real Estate Professionals Pay No Income Taxes (a la Donald Trump)?

Last Updated Oct 06, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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This post shares an accountant's view on how Donald Trump may have carried those tax losses forward legally - and how the same strategy can be used by real estate professionals....

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Sep 28 Why do investors want to participate in Zero Cash Flow deals?

Last Updated Sep 28, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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Zero cash flow deals do not provide current cash flow, but can offer tax savings through depreciation deductions and appreciation of the real estate in the long-term....

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Sep 14 Will Your Taxable Gain Be Calculated Properly? Make Sure You Are Using The Correct Basis

Last Updated Sep 14, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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Using the correct basis to compute taxable gain? Here's what you need to know....

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Aug 31 How to Defer Taxes on Capital Gains

Last Updated Aug 31, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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This post covers how you can defer taxes on capital gains by receiving installment payments....

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Aug 17 Beware of Phantom Income

Last Updated Aug 17, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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The goal of any real estate investor is to ultimately turn a profit. For landlords, the figures reported on their tax returns might be totally different than monthly cash flow. If cash flow is higher than the income amounts reported on the tax returns, that...

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