What You Need to Know: Self-Rentals and Negative Tax Capital Accounts
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Did you Know: Self-Rentals Did you know that rental income to
Are You Required to Elect a Partnership Representative?
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Read Part one here. Did you Know: Partnership Representatives Did
Real Estate Interest Expense Limitations Could Impact Your Business
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Did you Know: Interest Expense Limitations Did you know the Tax
How the New IRS Centralized Audit Procedures For Partnerships Affect You
In recent years, the popularity of partnership filings have increased as this entity type has grown. Partnerships provide a number of key benefits to business owners, including flexibility as well as operational, legal, and tax benefits. The IRS however, has found it both costly and burdensome to audit partnerships, and
New 20% Deduction for Qualified Business Income
The recently passed Tax Cuts and Jobs Act includes a significant new tax deduction taking effect in 2018. This deduction should provide a substantial tax benefit to individuals with “qualified business income” from a partnership, S corporation, LLC, or sole proprietorship. This type of income is commonly referred to
Tax Court Issues Taxpayer-Favorable Opinion Regarding Like Kind Exchanges
After deliberating for a decade, in the case G.H. Bartell, Jr. Est., U.S. Tax Court (August 11, 2016), the Tax Court has held that an intermediary with no benefits or burdens of ownership can hold title to real property outside of the established IRS “reverse” 1031 Exchange safe harbor without