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. ...
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...
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...
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...
Acquiring U.S. real estate from a foreign seller? Make sure you are familiar with your filing obligations under FIRPTA. ...
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....
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....
Using the correct basis to compute taxable gain? Here's what you need to know....
This post covers how you can defer taxes on capital gains by receiving installment payments....
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...
