California Assembly Bill AB 2962 was approved and signed into law by California Governor Arnold Schwarzenegger on September 22, 2006.

California's current income tax withholding law enacted in 2002 and effective Jan...

Hello allMy brother and I have created a complicated mess with our real estate transactions over the past decade.  We're now trying to clean things up via an LLC.  Currently, we have some houses in California that we'...

Anybody have any experience with an IRS Public Auction where the IRS is auctioning off the right, title and interest of the Taxpayer in and to the property?

This particular sale has a 180 day redemption period I cann...

Let's say you own three rental properties, and each property has its own LLC. What happens to the LLCs if you decide to trade the rental homes for an apartment building using a 1031 Exchange?  Are the LLCs not under y...

I’m sure folks saw this already, but just in case you didn’t:https://www.bisnow.com/national/news/economy/nar-recent-irs-tax-deadline-extensions-benefit-1031-exchanges-103865

Hi BP Team,Hoping there is a tax professional out there that can address my question.  I recently realized a significant 1231 loss.  I understand there is a 5 year carry over on this so if i realize any gains those ga...

Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...

Hello, I had a question about being seen as a real estate professional for tax purposes. If I'm "House Hacking" my primary residence does that count as hours towards my 750 per year?   

A new Alabama Court of Civil Appeals decision on Friday January 12, 2018 makes it clear that Alabama tax sale investors who wait too long to take possession forfeit their rights.The issue is about the short statute of...

Hello everyone!  I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job.  My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense.  H...