You can view the corresponding infographic by clicking here. Audit—it’s a scary word for every tax-paying citizen, but, fear not! Audits are relatively infrequent, and there are specific mistakes you can avoid to greatly reduce the chance of that dreaded IRS letter in the mail. Here, on behalf of The Real Estate CPA, I detail the […]
This beast of a tax reform plan is big—really big—and it can be overwhelming to understand all the changes that have been made. Fortunately, you don’t have to! We’ve wrangled up several of the most pertinent points for you to review (you’re welcome!) Of course, when it comes to taxes, nothing is ever certain, but […]
As you may know, our CPA firm is virtual. We don’t meet clients face-to-face and we certainly don’t accept paper documents. We’re techy, cool, and in the cloud. What you may not know is that, true to form, all of our employees are also virtual. We don’t have a physical office. Instead, we interact daily […]
A 1031 Exchange allows real estate investors to defer the capital gains tax and use the full proceeds from a sale towards the purchase of another property. What is a 1031 Exchange? A 1031 Exchange is derived from IRC Section 1031, which states states: No gain or loss shall be recognized on the exchange of […]
You can view the corresponding infographic by clicking here. LLCs: Should you, shouldn’t you, when is best, what will its formation do for you—these are just a few of the questions real estate investors have when I broach the subject of forming an LLC, or limited liability company. To make things a bit easier, I’ve […]
You can view the corresponding infographic by clicking here. Once upon a time, the BRRRR Method was the end-all-be-all way of maximizing your real estate buying power. But now, a new and more effective addition has been made to this method: the introduction of the “A,” which stands for advertising. Now, using the BARRRR Method, you […]
If you work with us, you know we’re a tech heavy firm. Actually, we’re a tech only firm. We don’t believe in paper based workflows. As Kevin Smith, an Accounting Wizard at our firm says “people are inefficient, I’d rather manage technology.”
On 12/22/2017, President Donald Trump signed the much talked about GOP tax bill into law.
Investors dive into real estate for a variety of reasons. Some want to build wealth and others want to hold a tangible asset. Most investors agree that, while supplemental, they invest in real estate to reduce their tax burden.
Everybody wants to make a profit, and real estate investors are no different. Although in order to really make a profit, you have to know all the true costs and benefits that impact your bottom line - and time is money, right? Money is easy to calculate as a cost, but time is one of […]