When it comes to maximizing your real estate investments, forming a clear tax strategy is a key step. For many taxpayers, the first thing that comes to mind is researching possible tax credits and deductions. But did you know that even choosing an accounting method can function as a tax strategy? Even if you have […]
As a tax professional, real investors may come to you looking for ways to mitigate taxes. They may even be aware that a key tax strategy is to place their properties in business entities. They may not be expecting you to start asking questions about their accounting method. This is a great example of the
Accounting Methods for Real Estate Holdings: An Advanced Tax Strategy Read More »
For real estate investors, placing your property into a business entity can serve as a great tax savings strategy. This allows you to separate properties with different purposes and make sure they receive different tax treatment by the IRS. Before you take this step, you first need to answer this key question: what classification do
What Entity Should I Use for Real Estate Holdings? LLCs vs LPs Read More »
Real estate can be a lucrative investment—especially if the owners do advance planning to maximize tax savings. As a tax professional, a top recommendation you can make to your investor clients is to place different properties in different entities. This allows your client to receive different tax treatment for each property and can be especially
Entity Choices for Real Estate Holdings: LLCs and LPs Read More »
Many business owners assume tax planning is something to think about later – often lumped together with retirement or viewed as a byproduct of financial planning. This misconception can be costly. In reality, tax planning is a separate and essential discipline, and when implemented early, it becomes the foundation that allows you to keep more
Tax Planning vs. Financial Planning: Why You Need to Understand the Difference Read More »
Many business owners assume tax planning is something to think about later – often lumped together with retirement or viewed as a byproduct of financial planning. This misconception can be costly. In reality, tax planning is a separate and essential discipline, and when implemented early, it becomes the foundation that allows you to keep more
Tax Planning vs. Financial Planning: Why You Need to Understand the Difference Read More »