by CPA | Jun 18, 2018 | Real Estate CPA, Rental Real Estate CPA
Let’s face it. Unless you love the nitty-gritty details of accounting, you probably don’t enjoy the bookkeeping part of your real estate business. If you are like most people, then you put it off until the last possible moment. Maybe that time comes when your lender...
by CPA | Jun 13, 2018 | Real Estate CPA
Do you own an investment property valued at $1,000,000 or more? Do you pay federal income taxes? Do you operate a corporation or entity that is for-profit? Are you planning to the hold the property for more than one year? If you answered YES to all of these questions,...
by CPA | Sep 12, 2017 | Real Estate CPA, Rental Real Estate CPA
Investments in vacation rentals are becoming more popular with the rise of services such as Airbnb and VRBO. Many investors have successfully purchased and rented these properties all over the U.S. In our sharing economy, it is a wonderful way of earning top dollar....
by CPA | Aug 4, 2017 | CPA Services, Real Estate CPA, Rental Real Estate CPA
According to the IRS, homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. Taxpayers can exclude up to $250,000 ($500,000 Married Filing Jointly) of gain on the sale of a homeThis is known as the Section 121...
by CPA | Jul 14, 2017 | CPA Services, Military CPA, Real Estate CPA
According to the IRS, members of the military may qualify for tax breaks and benefits. Special rules could lower the tax they owe or give them more time to file and pay taxes. In addition, some types of military pay are tax-free. Below are some special tax...
by CPA | Jun 23, 2017 | CPA Services, Real Estate CPA, US Expatriate & International Tax Returns
FROM THE IRS IR-2017-109, June 21, 2017 WASHINGTON — The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2017. The agency urges taxpayers affected by changes to the...
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