Tax Basis for Inherited or Gifted Property: Implications for S Corporations and Partnerships
In a previous blog, we discussed tax basis—the amount that a taxpayer has invested in business assets, which determines the
Category: Real Estate Strategies
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The Real Estate Tax Implications of California Prop 19
California Prop 19, also known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural
Meet Your Local PVA!
Somewhere within your county, likely at this very moment, a Property Valuation Assessor (PVA) is determining the value of a
Real Property Tax Basics
Property tax is one of our country’s oldest taxes; it was even established prior to federal income tax. As far
Ignorance of Tax Laws Won’t Always Grant You a Pass
“I’m sorry, officer. I didn’t know the speed limit was only 25 in a school zone.” When is the last
The Hazards of Selling to a Related Party
You may have a client who comes to you with a “great idea” to sell their property to a family
Best Tax Deductions for Timeshares
A timeshare is not only a great opportunity to get away for a while, but it can also be a
Five Tips to Avoiding the Tax Hazards of Renting to Relatives
If you have more than one home, renting one to a relative may appear at first glance to be a
Is The New Tax Cut For Qualified Improvement Property Unfair to Restaurants?
Some laws are enacted because they appear to provide solutions to issues in need of resolution. That seemed to have
Taxpayers Proceed With Caution Warns the IRS
Not so fast, taxpayers! Proceed with caution, warns the IRS, after New York and New Jersey approved workarounds involving charitable
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