IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes.  In essence, the forgiven funds are taxable, in direct conflict with the Cares Act.  Congr...

Hi, What do i I need to write off travel that is used to look for a property to invest in?Do I need a business license ?Can I write off all expenses from the trip, such as hotel, meals and travel costs like gas, or ai...

My current accountant has apparently not been taking depreciation on my rental properties every year. I am a rank novice in this area. Just wondering whether there could be any strategic benefit  to not taking the dep...

which is the better option, assuming you have the cash? what advantages do you get from buying with cash and then refinancing after?i'm mainly interested in this approach because, from what i've read, it allows you to...

I own a real estate flipping business, so all of my profits are taxed as ordinary income (and at a high rate).  I thought it could be beneficial if I bought a mixed use property and rented the commercial space to my f...

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...

I am a new owner of a duplex that I live in one unit and rent out the other unit. needless to say is a Tax year, and I am doing my own tax. I have done some maintenance on the bulding as a whole. My question is can I ...

Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...

I am looking for a new CPA firm to help with tax strategy and planning for my REI. Has anyone used Tom Wheelwrights firm ProVision? Please let me know what you think of them?

We just movedout of the duplex we lived in for four years. We just got our security deposit back minus some deductions, that they itemized out for us. Most of them I'm fine with, a couple I don't like, but understand....