How to Get the Real Estate Professional Tax Rules Right
Friday, February 04
Dealing with the Internal Revenue Code is never something easy due to its complexity and numerous rules that sometimes can contradict one another if not grasped properly. Therefore it is very easy to feel confused and sometimes even completely lost when trying to get all of it right. But do not ...
Tax Tips for Selling Real Estate Investments
Thursday, February 03
Deciding to invest in real estate is usually a fantastic idea and easily turns into a successful business fairly soon. Buy-to-rent schemes in most cases work seamlessly and you are able to make profit quickly, not only by collecting monthly payments, but also by deducting a fair amount of costs...
Ten Key Tax Deduction for Real Estate Investors
Thursday, February 03
If you are already on the property ladder, chances are you have a golden opportunity to run a successful business with real estate. Whether you own just one home other than your regular living space or a few more, there are plenty tax deductions you can take advantage of legally and turn your i...
Single Member LLC With Foreign Owner Must Report To The IRS
Thursday, February 03
LLCs or limited liability companies with a single member are disregarded entities for tax purposes. Under the new IRS regulations, LLCs with a single owner who is not a U.S. citizen will report to the IRS the same as corporations. Treating single member LLCs with foreign owner as corporations w...
How To Reduce your Taxes for Business and Real Estate Owners
Monday, January 31
We recently sit down with a client to create a tax strategy that involved different types of income such as a profitable business and real estate. Part of the exercise involved minimizing the tax liability by looking for a state in the U.S. with the lowest tax rate as well as securing the asset...
Ten Real Estate Investment Tax Tips
Monday, January 31
Mortgage Interest and Points. Mortgage interest is deductible for the first and subsequent mortgages or equity line. Points are deductible over the life of the mortgage for real estate investments, either for the original loan or for refinancing. If refinancing, the original points paid are deduc...