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Image from www.tylercauble.com   What if you could take depreciation faster than 27.5 or 39 years on your real estate investments? It will surely help your bottom line, right?  A cost segregation study can significantly improve your chances of front-loading deprecation deductions by breaking your building up into different categories.  Land isn’t depreciable, so we’ll eliminate that from the equation right away. But, then you have equipment, furniture and qualified improvements… Continue reading Turn Your Rental Property into a Cash Cow

Image from www.inman.com    Are you a Real Estate dealer or investor? Here are few aspects to consider: Buying properties periodically, fixing them up, and selling them makes you look like a dealer. But when you seldom do this , then you can qualify as an investor and hence get favorable tax treatment. If you… Continue reading Crucial Tax Considerations for Real Estate Investors

Picture from www.henssler.com Did you discover errors on your tax return? I know how frightening it can be, but fortunately, it’s not as hard to fix as you think.   If you catch the error before the IRS tax due date or the IRS extended due date (October 15), you can file what’s called a… Continue reading Error on Your Tax Return? No Worries!!!

Image from www.nstp.org   The Delta variant continues to put Americans at risk, and the government is highly encouraging all employers to mandate the vaccine. While the mandate itself is controversial and a matter of personal opinion, there are ways you can help your employees without mandating the vaccine. The federal government offers assistance to… Continue reading Killer Tax Saving Strategies from Covid