I have a phone call with a potential CPA that has been referred to me by a colleague but I want to make sure I ask all the proper questions to ensure they can properly assist in maximizing my tax deductions for my rea...

Hi everyone, tax question here.I have a family friend who is selling their long-time business, resulting in a nice paycheck for them, but also missing out on a lot due to capital gains tax.  Obviously a 1031 exchange ...

Attention all Accountants and real estate investors!
The Inflation Reduction Act (IRA) of 2022 was signed into law on August 16, 2022 by President Biden.
It’s a $737 billion investment that according to two of the ...

I acquired a property in Sacramento (built in 1890) which I was advised may be eligible for a property tax reduction under the Mills Act. Does anyone have experience filling out the `Mills Act Program` application (ht...

How does federal tax exemptions or reductin for hurricane damages work? Texas had some hurricanes and I have properties (Market value $300K, Roof damages $25K). What is the strategy to maximize the tax reduction. Pape...

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.

Under the proposed...

Are there ever owner occupancy property tax exemptions/reductions that apply to the entire building when you buy a multiplex and live in one unit and rent out the other units? 
If the prop tax reduction is limited to...

The dreaded day has arrived... Travis CAD released assessments for 2022 and I almost fainted when I saw the newly appraised value of the duplex I just closed on in March. The county raised my appraised value by 173% Y...

I’m trying to figure out what the typical tax reduction is for turning a ny home into a producing farm by merging with an adjacent orchard? Just a ballpark would be great. This ”multiplying the acreage in each soil gr...