Texas recently passed a tax relief for property owners.  Does anyone know how it actually works and applies to commercial real estate?

I have seen a piece of commercial real estate on the market for under $70k. It is structurally sound in an area of town that offers rehab grants.  It requires a full rehab, roof utils, wall, etc. taxes are at $1200yr....

I had a house rented in 2020 and 2021 to a tenant who quit paying due to job loss as a result of Covid. Because I was not receiving rent, I did not deduct depreciation.  She applied for rent relief and I was reimburse...

I received this from my accountant in his newsletter. I thought it was worth passing along.

Nine Facts about Mortgage Debt Forgiveness

If your mortgage debt is partly or entirely forgiven during tax years 2007 t...

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NYTimes - Money Matters
Unemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to los...

On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...

If a seller of a vacant (and run down) property get's debt forgiveness in a short sale, are they liable tax wise (to the IRS) for the forgiven debt if the house was a rental at the time of purchase?

How about it was ...

If I own a rental property free and clear and want to sell it, I have to pay capital gains on it unless I put it into a 1031 and get a new property. If I were to sell it and carry the note for the buyer, would I then ...

unfortunately I thought HR Block filed an extension for me for 2013 (1st year of my business tax returns) . They emailed me saying the extension needed emailed ; I assumed they were doing that which they did not. When...

A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria. As some of you know, immediately after the Hurricanes, the IRS ...