Advise RE Blog – Latest Posts
The Basics of Tax Planning
Tax planning is an essential component of personal finance that all individuals should understand. Simply put, it's the analysis of a financial situation or plan from a tax perspective. The goal of tax planning is to ensure tax...
Tax Planning Strategies for Business
Effective tax planning is crucial for businesses of all sizes. By adopting appropriate strategies, businesses can minimize their tax liability, increase their cash flow, and, consequently, enhance profitability. This article outlines the essential tax planning...
Tax Deductions and Credits for Individuals and Businesses to Consider
Navigating the complex terrain of the United States tax system is no small task. A solid understanding of tax deductions and credits can significantly reduce your tax liability. This article delves into commonly claimed...
Tax Planning Considerations for Retirement
While retirement offers a time to enjoy the fruits of one's labor, navigating the tax landscape can be complex. Adequate tax planning is crucial to ensuring a comfortable retirement. This article aims to guide you through the basics of tax planning for retirement....
Estate Tax Planning for Domestic and International Persons
Estate planning is a critical aspect of personal wealth management. By planning ahead, you can ensure your assets are distributed according to your wishes while minimizing potential tax liabilities. This comprehensive guide will focus on estate tax planning...
You Must Consider Vacancy and Turnover Costs in Every Real Estate Investment
I hope everyone had a wonderful Memorial Day weekend Let’s start off this week with another discussion of real estate investment analysis. It is my contention that vacancy and turnover costs are an area that optimistic real estate investors bury their heads in the...
What is a CPA?
In the intricate world of finance and business, Certified Public Accountants (CPAs) play a vital role. These financial professionals not only oversee financial operations for organizations but also contribute to strategic...
International Taxation Fundamentals (Pt 2)
As part of the ongoing series on international taxation, we are going to delve into various areas, focusing first on the fundamentals, then moving on to US inbound taxpayers and eventually over the course of several months, working on US outbound taxpayers. US inbound...
Don’t Buy Property Outside of Your Immediate Geographical Area Unless You Do These Things First
I love talking about real estate investing strategies as much as I love talking about real estate tax strategies, so in this article I want to focus on the concepts you need to consider when you are buying out of your area such as an investment in an out of state...
Considerations For Depreciation of Business Real Estate
When buying business real estate—for your own occupancy or for rental to others— you should take steps that maximize the income tax depreciation deductions that you can claim for the property. Here are a few suggestions. Separating improvements from land Not all of...
Considerations for International Taxation- The Fundamentals
In this post, we’ll cover a little bit about how international tax works. The US Internal Revenue Code and its related clarifying regulations, rulings, and cases is inherently complex to begin with (proponents of the system call it “sophisticated”), adding in the...
Sell Your Property When It’s Ready To Be Sold and Not a Moment Before
In this article, I wanted to shift gears a little bit and talk about a mistake I see a lot of developers make and folks in the real estate space who engage in some kind of value add activity. Selling your property too early can be absolutely lethal and I wanted to...
Navigating the Evolving Real Estate Landscape in 2023 and Beyond
I wanted to take a little bit of time to share some of my thoughts on where we’re heading in the real estate market. As a real estate tax consultant, I get this question a lot from everyone I know and I figured in the interests of saving time, I can just point them to...
Demistifying the Electric Vehicle Credit for 2023
If you’re a successful real estate investor and made it big by following our advice, then you’re probably in a great position to buy yourself an expensive electric vehicle (EV). Whether it’s a Tesla Model S, a Lucid Air (my personal favorite), or any of the other...
Let’s Talk About the 1031 Exchange (Tax Deferral Series) – Episode 2
In Episode 2 of this series, I’ll chat a little bit about the detailed mechanics of the 1031 exchange. You can read episode 1
California Will Never Have Enough Housing
In this article, we’ll talk about why California will never energize developers to build enough housing to meet demand with its inane policies. As a developer, I have a very good understanding of the road blocks we face in providing housing in this state. As a native...
Let’s Talk About the 1031 Exchange (Tax Deferral Series) – Episode 1
For the next few weeks, I’ll spend a little time explaining to you some of the tax benefits of utilizing IRC 1031 (“1031 exchange”) and its tremendous amount of benefits that only real estate investors can take advantage. I...
Why I Specialize in Both Tax and Real Estate as a CPA and Investor
In this post, I want to discuss with you some questions I’ve gotten over the years about why I work as a real estate CPA as well as an investor and broker of property. If any of you know me, then you’ve probably heard me repeat over and over again that I believe real...
Comparing Bonus Depreciation and Section 179 in 2023
Let’s spend some time today analyzing the difference between IRC 179 and IRC 168(k), which are commonly referred to as Section 179 and Bonus Depreciation, respectively. A lot of you have questions on which tax code is better to use. I’ll lay out how each code section...
Stop Forming LLCs So Quickly! Especially in California (PSA)
This will be a quick PSA to everyone, including my clients and the general public, about the need to form Limited Liability Companies “LLCs,” especially in California. LLCs are great legal vehicles to protect your business...
My Thoughts on ChatGPT and Tax Planning
I think ChatGPT is a great tool that can help you crank out letters, essays, and do some research. Coincidentally, it also does some decent tax research and can help you identify some areas of the Internal Revenue Code and give you the answers on how the laws work....