Why and How Do LLCs Offer Greater Flexibility to Corporations?
Last week, I spoke about why putting your rentals in a Corporation is not such a good idea after all. This week, we continue with
Should I Put My Rental Real Estate into a Corporation or an LLC?
Let’s look at what happens if you put the properties into a Corporation. Well, nothing really happens when the properties are held within a corporation
Is Accounting For Real Estate Investors Complicated?
Real estate investors face complex accounting challenges due to their involvement in various activities such as flips, rehabs, wholesaling, 1031 exchanges, installment sales, syndications, trust
How to Access Earnings from Your S-Corporation?
When it comes to operating an S Corporation, one key consideration is how to appropriately access the earnings generated by your business. While tax benefits
What Is The Employee Retention Tax Credit (ERTC)? Does My Business Qualify For It?
Employee Retention Tax Credit (ERTC) is applicable for businesses who had full time employees and paid payroll taxes during TYs 2020 and 2021. ERTC is
EV Credit Expanded For New Clean Vehicles Purchased in 2023 or After
Who Qualifies? You may qualify for a credit of up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in
I Made A Loss At The Time Of Selling My Rental Property. Does That Help With My Taxes? If Yes, How?
The truth is that losses on rental properties are ordinary losses, not capital losses. Because the loss on the sale of the rental properties is
6 Rules to Understanding Section 1031 Exchange
Many business owners and individuals lose money in taxes simply because they are not aware of the Section 1031 Exchange. You get to pay nothing
What are the Tax Implications If I Change My Home to a Rental Property?
If an owner changes their home (or a part of it) to rental use(rental property) at any time other than at the beginning of the