GIFT & ESTATE | 11/02/2024 Estate Planning: Securing Your Legacy and Reducing Taxes When it comes to your estate, thoughtful planning is essential to ensure your assets are distributed according to your wishes while minimizing estate taxes and other expenses. The potential expiration of the enhanced estate and gift tax exemptions under the Tax Cuts …
INDIVIDUAL TAX | 07/16/2024 If you’re a taxpayer with income from rental activities or other real estate investments, it’s important to understand whether the IRS considers you a real estate professional. This consideration impacts the tax treatment of any rental income or losses and, consequently, may result in significant tax savings. Do You Qualify as …
PROPRTTIES | 06/23/2024 When operating or selling rental real estate, it’s essential to understand the tax implications associated with intangible assets. These can include lease acquisition fees, lease cancellation fees, and loan origination fees. Properly classifying and handling these assets for tax purposes can help property owners manage liabilities, optimize deductions, and make informed decisions. …
PROPERTIES | 06/09/2024 When operating or selling rental real estate, it’s essential to understand the tax implications associated with intangible assets. These can include lease acquisition fees, lease cancellation fees, and loan origination fees. Properly classifying and handling these assets for tax purposes can help property owners manage liabilities, optimize deductions, and make informed decisions. …
GIFT & ESTATE | 05/01/2024 Effective estate planning is essential to ensure your assets are distributed according to your wishes while minimizing tax liabilities. From utilizing trusts and gifting strategies to leveraging life insurance and charitable giving, thoughtful planning can make a significant difference. With potential changes in tax laws on the horizon, consulting with …
PROPERTIES | 04/01/2024 Key Insights for Filing a Real Estate Tax Appeal Property tax assessments play a critical role in determining your real estate tax obligations, which fund essential community services like education and public safety. However, inaccurate assessments can lead to overpayment of taxes. Understanding the assessment process and knowing how to navigate the …