In recent years, advances in technology have provided multiple opportunities for taxpayers to earn additional streams of income or start a new business altogether. The “gig economy” business models (such as Uber, Airbnb, etc), haven't solely generated opportunities...
Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything...
Most people are unaware that rental real estate gets more tax deduction benefits than almost any other investment. If you do not take full advantage of tax deduction benefits, it can actually mean the difference between having a loss or a profit from your rental...
The Opportunity Zone (OZ) Program was created as part of the Investing in Opportunity Act, which was included in the Tax Cuts and Jobs Act enacted in December 2017. The OZ program was created to encourage private investment in these communities in exchange for capital...
US real estate tax can have a serious impact on the amount of profit made through the purchase and sale of property in the United States of America (USA). It's a topic that all foreign investors need to understand in order to be invest successfully in the USA. In...
Choosing the right tax strategy depends on understanding your options and how those options are shaped by the way certain activities are characterized or treated for tax purposes. The tax code is full of tests that determine how activities are characterized and how...
Our tax law puts your income and deductions into three separate buckets for tax purposes. Each bucket has its own rules and regulations. These are the three buckets: 1. Passive 2. Portfolio 3. Active A real estate rental is automatically in the passive bucket if...
Your building, whether it’s rental property or your office, likely can put more cash in your pocket if you act. You can do this right now—with a building you already own, a building you plan on buying, or a building you are renovating. In this article, we show you...