by Stephen Morris, CPA, MBT, CCIM | Oct 1, 2024 | Tax Strategies
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...
by Stephen Morris, CPA, MBT, CCIM | Sep 5, 2024 | Tax Strategies
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...
by Stephen Morris, CPA, MBT, CCIM | Jul 24, 2024 | Real Estate, Tax Strategies
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...
by Stephen Morris, CPA, MBT, CCIM | Oct 12, 2023 | Tax Strategies
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...
by Stephen Morris, CPA, MBT, CCIM | Oct 5, 2023 | International, Tax Strategies
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...
by Stephen Morris, CPA, MBT, CCIM | Sep 13, 2023 | Real Estate, Tax Strategies
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...
