Real Estate Tax Planning in 2018
Friday, July 27
With the beginning of 2018 brought a number of changes in the tax law as a result of the US tax reform signed by President Trump in late December. It has caused some confusion and uncertainty for real estate investors and taxpayers as a whole. At FAS CPA & Consultants, we are committed to pro...
How the Changes to the U.S. Tax Code Affect Real Estate Investors
Friday, July 27
The IRS has published the changes of depreciation after the enactment of the Tax Cuts and Jobs Act. Real Estate investors can generally depreciate tangible property except land, including buildings, machinery, vehicles, furniture and equipment.Changes to depreciation and how they will affect busi...
How to Save your Real Estate Business From an IRS Audit
Friday, July 27
We recently had a conference call with a client who is investing in a new real estate niche: subleasing in Miami. Subleasing real estate is basically renting the property and getting the tenants who stay for short term rentals, typically from a week to a month. The key element for this investment...
Tax Consequences for U.S. Investors Of Foreign Real Estate
Friday, July 27
We recently sat with a U.S. client planning to invest on international real estate. Going offshore for your real estate investments changes the game for tax reporting. One of the first consequences is that you will not be able to deduct the interest expense on foreign mortgages as we explained on...
Trump Tax Plan Changes for Foreign Real Estate Investments
Friday, July 27
The new tax law this year severely restricts your foreign property write-offs.Mansion Global has recently reported that renting out a foreign property for more than 2 weeks a year means that owners of foreign property will not be eligible for a tax deduction under the new tax law. One of the main...
20 Things You Need To Know Before Buying Your First Investment Propert
Friday, July 27
Buying your first property with a mortgage is quite different from buying with cash. Starting with the down payment and ending with the market price we pay at the closing date, when you buy with mortgage the tendency is to pay full market price. This is something we realized during the purchase o...