In the middle of buying out partner (50:50 partnership) in a mixed-use owner operated Gas station and real estate property. Buy out would be of two companies, first is operating company for the Business operations of ...

Hi - does anyone include an estimate of tax savings based on tax deductible items into their proforma? I know it is not truly part of 'total return' but I would like to include it in someway to help analyze the TOTAL ...

Does anyone have any experience using oil and gas tax deductions (Intangible Drilling Costs: 100% tax deductible during the first year and tangible Drilling Costs: 100% tax deductible) to reduce tax liability against ...

Greetings.

I am looking for a couple of tax professionals to answer a few questions about real estate tax due diligence. If you are available, please let me know how to contact you.

Much obliged.

-Justin

Does anyone know if setting up a separate bank account for sales tax on rental income is necessary in the state of Florida, as is an escrow account for security deposits?  Also how often is sales tax due?

I live New York and invest in Missouri rental properties. Every year, I've been filing Missouri Non-resident tax returns with no tax due because we've been at a loss each year. Not sure where to report each year's los...

I just received my Real Estate Property Tax for 2019 and found that it jumped almost 60% from the previous year. I was told by the Tax Assessor office that the big increase was due to the fact that all of the mobile ...

I am doing a partial exchange.  The relinquished property is sold this year, but the boot will not be received until next year.  Will my capital gains be taxable this year and due next April, or will my capital gains ...

I'm looking for someone who can clarify the homestead exemption act for me. As i understand it today, I can sell a house that I've lived in 2 of the last 5 years and not pay capital gains tax on that. So I did that, l...

Hello, 
My mom received a house through an inheritance last year.  She now wants to transfer that house to me as a gift.
What kind of  tax issues should I be concerned with in terms of receiving such a gift.  The ho...