For Tax Year 2016, IRS E-File Closes on November 18th; After That, Disaster Victims, Others Need to File on PaperWASHINGTON —The Internal Revenue Service today reminded people, including those in disaster areas, who w...

There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...

I started another LLC in 2017 with a focus on wholesaling and flipping homes. We held nothing in this company and sold everything no longer than 5 months. Our CPA is saying we will be classified as a dealer/trader a...

Is there a way to sell through a 1031 Exchange but then put the proceeds directly into a bunch of capital improvements at an already-owned like-kind property? This way you do not necessarily need to identify a new pro...

The IRS released Notice 2020-17 yesterday which gives tax payers who owe money for 2019 an extra 90 days to Pay. This makes your 2019 Tax Balance due by July 15 2019, Interest and penalties will begin to accrue on the...

I came across a property that I'm interested in it's priced pretty high, been on market for 280 days...I pull up the information on the assessors website...Taxpayer : 100% "Name of listing agent" address: "address of ...

I recently had a conversation with an attorney in AL regarding a redemption that is probably going to take place on a couple of adjoining tax deeds I have, and he mentioned something about possibly charging the taxpay...

I'd like to understand how Rental Income and Capital Gains are taxed and forms to be filed with the IRS.

I own a Real Estate C Corp that Flips properties.   I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp. 
Averagi...

Does anyone know if it's ok to do a 1031 exchange and use the money to jointly buy property with somebody else or does the owner have to be the same person and no one else?