I believe the US Senate added HR 9395 (the bill to modify bonus depreciation back to 100% for 2023,2024 and 2025) as an amendment to the FAA reauthorization bill in the Senate. Does anyone know if this now has to go b...

Hi! We bought our primary residence in Orlando FL in 2006 for $260,000. This year we are buying a new home and looking at potential to convert our current home to rental property. Would we be eligible to get tax break...

The March 16th due date has passed and among returns due were partnership and s-corp returns.
Many were hopeful IRS would have made an announcement regarding filing due date relief, but it's understandable the Coro...

Late filing penalties, late payment, and underpayment penalties are the most common for taxpayers.
We have a lot of last-minute filers reaching out for help. Unfortunately, we don't have any more bandwidth to take on...

I’m a newbie investor with all my starting capital tied up on my second deal. I’m seeking advice whether to: (1) sell; (2) hold and pull equity out; or (3) a creative financing solution that I have not yet thought of…...

The Internal Revenue Service announced tax relief for Southern California taxpayers in the Presidential Disaster Area struck by severe wildfires beginning on Oct. 21, 2007.

The disaster area consists of the followin...

http://rew-online.com/2018/04/18/opportunity-zones-offer-capital-gains-tax-relief-to-investors/

Just a note: I received a much-reduced Allegheny County tax bill for our latest acquisition, which included the former owner's homestead exemption and a senior tax relief discount. I was more or less expecting this, a...

The NAR (National Association of Realtors) just sent out this communication to Realtors yesterday, Saturday the 21st. It covers various concerns of real estate agents, MFR property owners, Mortgage lenders, etc. 
For...

The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!
For example: Typically, if you wer...