Why does BOI Reporting Matter? This new requirement is both significant and broadly applicable to our clients with substantial penalties for non-compliance. We estimate that in our firm’s client base, there are likely between 1000-1500 BOI reporting requirements alone. While the reporting itself is not complex, the specific guideline around this new process is nuanced. […]
Investing in real estate offers various tax advantages that can greatly improve your financial health. Whether you’re an experienced investor or just getting started, understanding these benefits can help you maximize your return on investment. Here are the key tax advantages of investing in real estate: 1. Tax Rate on Rental Income Rental income is generally
What are the Tax Advantages of Investing in Real Estate? Read More »
The global events of the past two years have had a profound impact on real estate, from the disruption to office real estate to the rise of secondary markets. In terms of sectors that have seen positive growth, industrial and multifamily have emerged as clear frontrunners. Multifamily owners and investors have benefited from the shift
THE INVESTOR’S DILEMMA: INDUSTRIAL OR MULTIFAMILY? Read More »
It feels great to get a high price for the sale of your home, but watch out: The IRS may want a piece of the action. That’s because capital gains on real estate are taxable sometimes. Here’s how you can minimize or even avoid a tax bite on the sale of your house. How does a
Selling a House? Avoid Taxes on Capital Gains on Real Estate in 2021 Read More »
Real estate depreciation can save you money at tax time Real estate depreciation is an important tool for rental property owners. It allows you to deduct the costs of buying and improving a property over its useful life and lowers your taxable income in the process. KEY TAKEAWAYS Rental property owners use depreciation to deduct the costs of buying
How Rental Property Depreciation Works Read More »
What’s not to love about tax season? The chill you get when you realize you owe the IRS thousands, the fear that you may be getting a bit too aggressive on your deductions, the fleeting hope you’re due for a big return … that’s dashed when you end up with $2… OK, so maybe only accountants love tax season. And here’s another
5 Things Your Accountant Wishes You Knew About Owning a Home Read More »
Successful real estate investors are those who do the essential things right. For instance, business structuring, tax preparation, and deductions management are vital aspects of the real estate business that must be handled scrupulously. And it is on these vital aspects that smart investors outdo the rest of the competition by enlisting the services of professional real estate accountants.
Why You Definitely Need a Real Estate Accountant Read More »
Investment properties come with an incredible number of tax advantages. In addition to all the deductible expenses, real estate investors enjoy far more tax benefits than the typical side hustle allows. In my home city of Baltimore, a self-employed person in the top tax bracket faces an income tax liability of over 60%, while the top
11 Ways to Significantly Lower Your Taxes as a Real Estate Investor Read More »
The U.S. tax code can be quite complex in many areas, and real estate is certainly one of them. For one thing, you may have to worry about paying taxes when you sell a property, but the tax treatment depends on the nature of the property, how long you held it for, and a few
Real Estate 101: How Is Real Estate Taxed? Read More »
Owning real estate is a business just like any other business in that you’re in it to profit. There are three tried-and-true ways to make money–cash flow from monthly rents, appreciation upon resale and tax benefits. Most people know about the first two, but not as many think about the third. The tax code changes
How Can a Small Real Estate Business Owner Save on Taxes? Read More »
