Advise RE Blog – Latest Posts
2025 Predictions for Real Estate and Tax
TRANSCRIPTION Welcome back everybody. Stephen Morris here with AdviseRE, and we are approaching the year end. I thought I'd spend a little bit of time here to share some predictions, ideas, and other thoughts about what's going to happen in 2025 as it relates to real...
2024 – Year End Tax Strategies & Tips Before the Year Is Over!
As the year winds down, it’s time to get serious about tax planning. In this video, Stephen Morris from Advise RE breaks down the key steps you need to take before the year ends to optimize your tax position—no more scrambling after the fact. We’ll cover: * Accurate...
The January 1, 2025 Deadline: Why EVERY Business Owner Must File Their Beneficial Ownership Information
The clock is ticking, and if your business entity was created before January 1, 2024, you have until the end of the year to submit your Beneficial Ownership Information (BOI) report under the Corporate Transparency Act (CTA). This isn’t something you can brush off or...
Unlocking Tax Secrets: How Short-Term Rentals Maximize Depreciation!
Join Diana Tung and Stephen Morris, real estate tax advisors from AdviseRE, as they dive deep into the world of real estate depreciation with a twist—using short-term rentals! Learn why your typical rental is difficult to use for...
How Gain Calculations Work in a Taxable Transaction of Real Estate
Taxation of real estate gains includes understanding key concepts like basis, Section 1231 gains, and Section 1250 recapture. Basis is the initial value of the property used to calculate gains or losses upon sale. Section 1231 gains benefit from long-term capital...
Is an S-Corp Right for You? Business Structures and Tax Insights
Join Stephen Morris and Diana Tung from AdviseRE CPAs in Los Angeles as they delve into the world of S-corps, a business structure coveted for its tax advantages. This video unpacks everything from the basics of forming an S-corp, including legal entities and IRS...
1031 Exchange Hack: Avoid Tax Pitfalls with Parking Transactions
Unlock the secrets to maximizing your real estate investments with 1031 exchanges! In this enlightening video, we delve into a strategic approach known as the "1031 parking transaction." Discover how this method not only boosts your negotiating leverage but also...
How To Internationalize Your Life and Save On Taxes, Invest in Real Estate, and Plan for Emergencies
Discover the strategic advantages of obtaining residency in foreign countries in our latest video! Whether you're looking to diversify your investments, optimize your tax obligations, or establish a secure plan for emergencies, understanding the process of acquiring...
Real Estate Investing: Zoning, Analysis, and Winning Strategies
Unlock the secrets to successful real estate investing with our comprehensive guide! In this video, we delve into the essential aspects you need to master before diving into the property market. Whether you're a beginner or looking to sharpen your skills, this...
Run Your Business Like One, Not Like a Job
After a hectic but efficient tax season, I’m finally back here to write more about tax, real estate, and business concepts. We will have a few changes will come to this blog this year, including more images as well as much more video content, so stay tuned! With that...
Don’t Be So Quick to Form an LLC!
https://www.youtube-nocookie.com/embed/Rc3nvBnIiIw?feature=oembed&enablejsapi=1 Welcome to our latest video where we dive deep into the common misconceptions surrounding the formation of Limited Liability Companies (LLCs),...
New Construction Does Not Mean Zero Repairs
When I wrote this title, I had to pause, step away from my computer and take a huge, deep breath to calm down. Now that I’m calm, I can write the following sentence in a nice way: Your expectations of new construction need a...
Internationalize Your Life: Get Permanent Residency in Paraguay
Following my recent article on the pivotal role of global diversification in your life strategy, many of you reached out, eager to understand the initial steps towards broadening your horizons. Embracing an international strategy does require dedication, yet the...
Beneficial Ownership Reporting – How To Do It
You may be aware already of the upgraded requirements for most entities formed in the US to report on beneficial ownership requirements through the news or various other websites. In case you aren’t aware, we prepared this nifty little article for you to read to...
Check out our article on the American Apartment Owners Association’s Q4 magazine!
You can read more at the link here to see our thoughts on the issues relating to the real estate professional exception under IRC 469. We are proud to contribute to the AAOA’s magazine and hope to provide more insights into the...
You Should Plan to Internationalize Your Life Now
Why You Should Consider Multiple Residencies in 2024 Happy New Year to everyone. We took a break from posting to spend some time with friends, family, and tax planning. Year end is always the busiest time of the year for us as we lock in last minute adjustments,...
Learn more about UAE with Ascent Auditing in our first ever interview!
Join us in this insightful 37-minute interview with Dolly Joshi and Shrey Joshi from Ascent Auditing, as we delve deep into the thriving business landscape and tax benefits of the United Arab Emirates, particularly Dubai. This comprehensive discussion sheds light on...
What I Learned from Traveling to Dubai and the UAE
Hope everyone is having a wonderful start to the holiday season. More than anything, Thanksgiving is the time of year I look forward to the most since I love cooking the feast and of course, eating delicious roasted turkey with the family. I’ve been absent from this...
California’s Passthrough Entity Tax Credit: Maximizing Benefits
Hope everyone is having a fantastic week. We put together a video for you to help you understand how the passthrough entity tax credit works and why you should seriously consider taking advantage of it whenever you can! Feel free to contact us if you need further...
Achieving a 10.5% Tax Rate Can Be Your Reality
I really think that the Internal Revenue Code garnered such a mythology around it such that my clients sometimes view me as a sorcerer who can conjure up the right tax law to magically make their tax liability $0 or close to it, especially many months after the tax...
Always Ask “Why?” – A Lesson on Principled Negotiations
This time around, we’re going to shift gears a bit and talk about the most annoying thing every real estate deal maker encounters at least once in their lives, either as the aggressor or the victim. That thing is of course the dreaded “re-trade,” which also known as a...