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I'm looking into some better guidance into tax planning and a new CPA as I grow my real estate business. Has anyone worked with Tom Wheelwright's ProVIsion or now Wealth Ability? I had a consultation with them and ...
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Of the several property mangers I have there are 2 that do 1099's differently.
One manages 2 properties and does not issue a 1099. Annually I ask and annually they tell me that their owners just use the income from t...
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There are some new tax laws in effect and others that are sunsetting, making our 2023 taxes look a bit different.
Inflation Reduction Act Updates
45L Energy-Efficient Home Tax CreditThe revisions to this tax credi...
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First a quote from the honorable judge Learned Hand.
"Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not e...
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Hey guys,
I'm still in my "learning about real estate" stage. I just got Amanda Han's book on tax deductions.
My question is, how do investors realize that $200/mo cash flow from a property? Obviously it would be go...
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I am a new to the wholesaling business and I'm in the process of constructed some offeres to purchase then assign or dual close. My question is this - If I have to do a simultaneous close as opposed to a contract assi...
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Agriculture is an industry that has many tax benefits available to those who invest or own/operate farms and ranches. Here are what I would consider to be 9 of the top tax credits available.
Cost Segregation Study:...
Most discussions I found about when and how to become real estate investors come from the 18 to 25 age group. Then there are a few with the "Am I too old to start investing at somewhere between 35 to 55 age group. T...
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My day job is a photographer and cinematographer, I have an LLC for that work that files taxes as an S-Corp. I generally pay myself a reasonable W2 salary (about half of Business income) but 2020 was a bit different....
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Has anyone set up a solo-401K for a real estate investing business? Seems like a great option but as a buy and hold investor not sure how I get around the "earned income" requirement... any thoughts or resources in t...