Navigating the intricate waters of taxation can be daunting, and amongst these intricacies lies the concept of passive activity losses (PALs). Often heard but rarely understood, PALs play a pivotal role in the tax arena, especially for those engaged in multiple...
This article is going to sound a bit like heresy, especially in the world of tax advisory but since I tend to wear two hats in my life as an investor and as a tax advisor, I’m always keen to emphasize and strike a balance between the two. Today we’ll be discussing why...
This week we’ll dive into some more technical areas of real estate tax law. As you may know, real estate taxation is mostly governed around court cases and a mish mash of revenue rulings, regulations, and other common/best practices. However, one area of tax law...
Welcome to today’s post, where we’ll be covering a fundamental aspect of US tax law that might seem a bit intricate and daunting at first – Subchapter K of the Internal Revenue Code (IRC). Fear not, as this blog aims to provide an easy-to-understand...
As a continuation of our tax deferral series, I wanted to bring to your attention a different approach to your strategy of selling property and deferring the taxable gains. The complex world of real estate investment is loaded with intricate strategies that can...
Understanding real estate taxation is crucial for homeowners, investors, and real estate professionals in the United States. This system of taxation involves several different types of taxes, each with its own set of rules and regulations. The four main categories of...
