Real Estate Investor Need To File 1099s To Take 20% 199A Tax Deduction
Tuesday, October 22
Property owners who want to claim a recently added 20% tax break for 2019 should plan now, because they may need to send 1099 forms early next year. 1099A TAX BREAK VERY COMPLICATEDNO DEDUCTION ON VACATION HOMEMAJOR PENALTIES FOR NOT FILING 1099sSTRINGENT RECORD KEEPING REQUIREMENTSMAJOR TAX BR...
How The Elites Execute Their Real Estate Tax Planning
Tuesday, October 01
According salon.com. When William Koch decided to expand his Cape Cod home, he wanted the neighboring 26-acre compound so badly, that he paid double the $29.5 million appraised value for it. Koch paid $63,744,920 to be exact. He bought the property through an LLC, and he added 26 acres to his e...
Real Estate Investors Will Love IRS Opportunity Zone Clarifications
Tuesday, October 01
Although the Opportunity Zone Program was introduced without much fanfare along with the Tax Cut and Jobs Act, it has sent waves through the world of real estate, municipal development, and financial advisory. According AccountingToday.com In the meantime, more than 8,700 qualified opportunity ...
How Real Estate Companies Can Use Consolidate to Reporting to Pay Less
Tuesday, October 01
After the introduction of the Tax Cuts and Jobs Act of 2017 (TCJA), the widespread opinion was that the United States had finally shifted from a worldwide tax regime to a territorial one, in line with that of its trading partners. It would be more accurate to say that the U.S. federal income t...
How To Select The Best Entity For Your Real Estate Investments
Tuesday, October 01
It´s about The Entity! As the Tax Cuts and Jobs Act of 2017 mature tax prepares are becoming very adept at steering their clients through its complexities. The most important question for small business owners are: is my current business entity tax optimal, or can I do better? Large businesses o...
How Real Estate Investors Can Do To Claim 20% QBI Deduction
Thursday, July 11
What is at Stake? The IRS does not give a clear answer to the question whether a ‘rental real estate operation’-enterprise is a “trade or business” for purposes of Section 199A of the Internal Revenue Code. Enterprises that are considered a “trade or business” in terms of the same qualify for th...