How to Best Calculate the Improvement Ratio to Increase Annual Depreciation
The IRS allows depreciation expense to be written off -- so how do you best handle this perk? Learn exactly how to use this tax-saving calculation here!
Author
Brandon Hall
Property Depreciation: Why the Tax Benefits Could Come Back to Bite You
The tax benefits from property depreciation are a big perk, right? Be SURE to read up on the downside before you bank on this as a way to save money!
A Case Against Frugality: Why Pinching Pennies is NOT the Best Path to Wealth
What habits are most important in building lasting wealth? If you think it's frugality... then check out this compelling argument AGAINST being frugal!
The Exercise That Drove Me to Reevaluate My Cubicle Life, Purchase a Triplex & Start 2 Businesses
This investor started in a cubicle job, but this simple exercise changed everything. Learn to step outside of your routine & turbocharge your goals here!
The Ultimate Strategy to Tap into Suspended Rental Passive Losses
The power of investing in real estate lies in the ability to offset your income with the passive losses. So what happens when your income is too high?
The Most Flexible & Tax Efficient Way to Structure a Partnership
There are so many unique ways entity structuring can benefit your business. Learn a great way to set up your partnership from a CPA's point of view here!
3 Common Tax Strategy Myths Taught to Investors at Educational Seminars
Educational seminars can be highly informative -- or they can perpetuate completely faulty information. DON'T fall for these tax strategy myths!
How the Section 121 Exclusion Can Boost Real Estate Investors’ Returns
Do you understand the future tax implications of selling the primary residence you're renting? Learn how the section 121 exclusion can save you money!
The Home Equity Line of Credit (HELOC) Interest Deduction: What You Should Know Before Filing Taxes
As tax season swings into full gear, you may be preparing your own taxes and wondering what you can and cannot deduct. One such deduction seems so simple at the…
How to Strategically Plan Holiday Business Travel to Maximize Tax Deductions
It’s that time of year again. Airports and roads are congested with people and vehicles. Northerners and Southerners cross paths and wonder how the other can possibly live such polar…
Will My Flips Qualify for Long-Term Capital Gains or Will I Need to Pay Self-Employment Tax?
A question often presented on the BP Forums is whether or not flipping income is subject to self-employment taxes. The answers tend to range wildly in accuracy and completeness. For…
The Tax Court Case That Proves You Can Qualify as a Real Estate Professional With Only One Rental
A recent summary memo opinion filed by the US Tax Court demonstrates that it is possible to qualify as a real estate professional even if you only have one rental…
A CPA Explores: “How Much Income Should I Allocate to Taxes as a Business Owner?”
My clients who are real estate agents and business owners (flippers, wholesalers, etc.) often ask me how much of their profits they should be allocating toward taxes. They are sometimes…
