real estate professional

Taxes

Real Estate Professional Status: The IRS Has Read Sun Tzu

by Clint Coons | March 25, 2011
Thumbnail image for Real Estate Professional Status: The IRS Has Read Sun Tzu

It would appear the IRS has read Sun Tzu’s “The Art of War” and is applying his strategy of “avoiding what is strong to strike at what is weak.”  Albeit compared to four years ago the real estate market is weak even if it is beginning to show signs of stability.  So who better than [...]

5 comments Read the full article →
Real Estate

Considerations for April 15, 2011 Tax Deadline

by Clint Coons | March 19, 2011
Thumbnail image for Considerations for April 15, 2011 Tax Deadline

As we approach April 15, 2011, our call volume dramatically increases.  Individuals desperately seeking to reduce their 2010 tax liability inundate my firm with deduction related questions.  Ironically, like asset protection planning that begins upon notice of a lawsuit, tax planning for 2010 should have begun over a year ago; but alas, such is the [...]

3 comments Read the full article →
Taxes

The Basics of “Real Estate Professional” Status for Tax Purposes

by J Scott | August 4, 2010

One of the biggest challenges real estate investors face is keeping the profits that they earn from their investments. Just like any other business, the IRS is going to want to take as big a chunk of your profits as possible, and knowing how to use the system to your advantage will help you keep [...]

22 comments Read the full article →
Real Estate

Professionalism, from the Magic Kingdom to Your Own

by Brendan O'Brien | May 9, 2009

Image via Wikipedia Last week, as you’ll remember, I visited Walt Disney World with my family and was highly impressed with the professionalism of the whole Disney organization.  Professionalism, to me, means caring competence.  A professional knows how to do his job and wants to do it as well as possible. Professionalism is a means [...]

0 comments Read the full article →
Commentary

When Lenders Mess Up, Everyone Suffers!

by Jim Watkins | October 5, 2007

The days of the “Fogamir” mortgages are gone. Surely you remember the Fogamir? “Yes Sir! We can give you a mortgage. If you would just take this application and rather than fill it out, could you breathe heavy onto that reflective square at the bottom?” If it fogged up, you got the mortgage. It was [...]

7 comments Read the full article →
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.