Dec 05 Allocating Between Land and Building when Acquiring Rental Real Estate
How purchase value is divided up between land and buildings impacts the depreciation tax benefits you get as a real estate owner. Here's what you need to know....
Nov 22 Consider Converting to an S Corporation to Avoid Taxes
If you have a closely held corporation that is set up as a C corporations, you need to consider electing to be taxed as an S corporation, where there is only one level of taxation. This post reviews S corporation eligibility requirements and points out...
Oct 24 Tax Planning Strategies – Minimizing 2016 Individual Income Taxes
It is never too early to get a jump start on tax planning. Why not start now and minimize end of the year holiday stress? These four tax strategies could help reduce 2016 taxes....
Aug 01 Family Limited Partnership May Result in Significant Estate Tax Reduction
Although not as popular as they once were, family limited partnerships remain an effective tool in reducing federal estate and gift taxes. In the Estate of Natale B. Giustina v. Commissioner, T.C. Memo. 2016-114, assets having a fair market value of $150,680,000 were valued...
Jul 05 Structuring a Business Sale to Minimize Income Taxes
In a business sale, transaction structure can have a huge impact on the amount of taxes paid. With the proper structure, income taxes may be reduced by as much as 50%. This post discusses issues to consider when structuring a business sale....
Nov 22 Passive Activity Loss and the Income Tax Puzzle for Real Estate Professionals
Does being a real estate professional have income tax advantages? For real estate professionals, it all comes down to passive and non-passive activities related to property. Here's how to figure out this income tax puzzle. ...
Nov 22 Passive Loss Limitations in Rental Real Estate
[social_share style="square" align="horizontal" heading_align="inline" text="" heading="" facebook="1" twitter="1" google_plus="1" linkedin="1" pinterest="1" link="" /] If you think purchasing a rental property will make a great tax shelter, you may need to dig a little deeper into “passive loss limitations” and how they may affect your real estate...
Nov 22 The Tax Benefits of Cost Segregation in Real Estate
Cost Segregation Basics
Real estate investors can obtain significant tax benefits by using a popular asset depreciation technique called cost segregation. Using this process, purchasers view a real estate acquisition as not only that of the building and land, but also as tangible personal property and land improvements.
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