Is the government taking over the financial and real estate industry with the moves they are making?

Hey all you helpful people, I was listening to recent podcast and heard where the the person being interviewed said (early in the podcast) that he had found an app that you could send in estimated tax payments for 109...

In selling your first (and only) primary residence, I understand there is no capital gains tax incurred. But my question is will the income from the purchase be taxed as regular income?
If I make 60k a year and sell ...

Hi all,
This one is wracking my brain.
My wife and I have several investment properties all under either both our names or hers, all currently with mortgages attached to them.
We have one specifically we're looking...

The IRS has placed a temporary moratorium on the Employee Retention Tax Credits (ERTC) until 12/31/23 at a minimum. Hopefully this article answers some of the questions you may have.
Why did the IRS implement this pa...

Hello-My wife and I are selling our primary residence which we have owned and lived in for 6 years now. I inderstand married taxpayers can exclude up to 500k in capital gains. However I purchased the home prior to bei...

Some of you have been looking into conservation easements as a tax shelter for doctors and other high earners.
Take notice: the IRS is in the attack mode. On July 9, the U.S. Tax Court struck down four more abusive ...

Just an FYI - A very brief excerpt from an article that appears in the "The Tax Adviser" - 4/1/2018 -"Taxpayers entitled to claim the deductionThe Sec. 199A deduction is available to any taxpayer "other than a corpora...

Hello!

I am under contract for a 3 family unit, what are the pluses / minuses of paying my taxes and insurance via bank escrow?

Thanks

If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes? If yes, what would I need to do?