by CPA | Aug 8, 2022 | Taxes
Don’t you love depreciation? Depreciation is easily one of my favorite benefits of real estate investing, but it is often misunderstood. Basically, depreciation is the tax benefit that the IRS allows for “wear and tear” of investment property. The...
by CPA | Jan 20, 2021 | Taxes
It’s that time of the year again when we need to start filing our taxes. Instead of procrastinating or stressing about the hassle of tax time, here are some tips to keep things as easy and painless as possible this year. They are designed to help you stay on top...
by CPA | Dec 21, 2020 | Taxes
This month we are privileged to have a guest writer: Andrew Postell, VP of Mortgage Lending at Guaranteed Rate. Tax season is fast approaching and that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to put...
by CPA | Aug 21, 2020 | CPA Services, Taxes
If tenants aren’t paying rent, you have empty units, or you’re dealing with other financial issues, you may need extra money, and as part of the CARES Act, the government is allowing people to make coronavirus-related penalty-free withdrawals from their...
by CPA | Jul 21, 2020 | Taxes
In the midst of the coronavirus, the Internal Revenue Service (IRS) extended the due date for 2019 federal tax returns from April 15 to July 15, 2020, but if you need even more time, you can request an extension until October 15, 2020. Here’s what you need to...
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