by William Bronchick, J.D. | Apr 16, 2013 | Real Estate Tax Strategies
Taxes will be the biggest expense you will pay in your business and personal life. Taxes will prevent you from taking more money home and putting it into your bank account. Taxes will eat away at your wealth. One of the best ways to reduce your taxes is to be in...
by Diane Kennedy, CPA | Oct 30, 2012 | Real Estate Tax Strategies
The IRS has been stepping up their audits of anyone who takes a real estate loss on their tax returns. Some of their arguments against the taxpayers are valid and a lot of them are not. Here are some of the recent challenges to the real estate professional status by...
by Phil Pustejovsky | Oct 16, 2012 | HomePage, Real Estate Investing Strategies, Real Estate Tax Strategies
Are you maximizing your tax savings in your real estate investing business? Now is a great time for you to make sure you have structured your investing operation properly, so you take full advantage of the tax benefits of being a real estate investor. I’m a big...
by Diane Kennedy, CPA | Sep 26, 2012 | Real Estate Tax Strategies
In this article, we’re going to talk about some details of one of the real estate professional deduction requirements. The issue is something called the material participation test. According to the material participation rules, you must spend 500 hours or more in...
by Diane Kennedy, CPA | Sep 25, 2012 | Real Estate Tax Strategies
One of the hottest real estate tax strategies is the Real Estate Professional. The IRS is on to this one, though, so make sure you follow the rules. If your income is over $150,000, you can not take advantage of your real estate passive losses unless you are a...
by Diane Kennedy, CPA | Jul 31, 2012 | Real Estate Tax Strategies
Real estate tax can be tricky. One of the first challenges is determining what kind of definition the IRS gives you. There are five terms you need to know: Real Estate Business Owner Real Estate Developer Real Estate Dealer Real Estate Professional Real Estate...