S Corporations – Considerations for Real Estate Investors
For real estate investors, the way you structure your rental properties can significantly affect your tax liability. It seems like social media is recommending everyone…
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Our Tax News Blog
Retirement Tax Planning for Small Business Owners
Last month’s blog post discussed tax savings related to Traditional, Roth, 401k, and Health Savings Accounts. This post will focus on retirement accounts particularly advantageous…
Take Advantage of Retirement Account Tax Savings
January is a time for reflection, planning, and action, both personally and professionally. Taxpayers can use this extra motivation to get their finances on track…
Can I Deduct That? Personal Use of Rental Property
When you own rental property, one of the key tax benefits is deducting rental expenses from your rental income, but things can get more complex…
Real Estate Professional – Do You Qualify?
Real Estate Professional status is a unique designation under U.S. tax law that can have significant benefits for individuals involved in real estate activities. Here’s…
Beneficial Ownership Information (BOI) Reporting – What is it?
The Corporate Transparency Act (CTA) was passed to improve business ownership transparency and reduce financial crimes including tax evasion, money laundering, and terrorism financing. Starting…