More and more Americans are considering the idea of real estate as a way in which to generate passive income. Rental income, or gains from the resale of property, can generate a nice income. However, a lot of people fail to think about the tax obligations related to these activities. The IRS allows some real…
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Real Estate Tax Advice & Tips
With four decades of real estate tax accounting experience in the Glendale, Burbank & Pasadena areas, Robert Hall & Associates accounting firm has helped countless real estate agents, investors & developers implement the best tax strategies and enhance the values of their real estate holdings. Get real estate tax planning and preparation tips from the real estate accounting experts at Robert Hall & Associates below.
Cost Segregation: What Real Estate Investors Should Know
Are you a real estate investor with numerous properties, who fears tax season? This may be the year for you to utilize cost segregation and kick that fear to the curb. Cost segregation can save real estate investors tens of thousands of dollars in taxes every year. This tax-saving strategy utilizes your real estate’s depreciation…
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The Tax Advantages of Real Estate: 5 Reasons to Invest
Real estate investments have many tax advantages that reduce your yearly expenses and maximize return on investment. This article will look at five reasons why investing in real estate is a better option than other investments such as stocks and mutual funds. 1. Real estate offers many tax deductions Real estate offers several opportunities to…
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Rental Real Estate Tax Advantages: 9 Tax Deductions You Can Use
Owning real estate is a great way to invest your money and provide for your family. However, before you dive into real estate, you need to know all rental property tax advantages since different tax deductions apply to this business. This article will discuss some of these tax deductions in detail. 1. Mortgage interest Mortgage…
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1031 Exchange For Real Estate Investors: Rules, Strategies and More
If you’re a real estate investor, 1031 exchanges can be a great way to increase your tax efficiency. They allow you to defer the capital gains tax on the sale of real estate by reinvesting it in property similar or related in service or use. While 1031 exchanges can be beneficial to many investors and…
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Q&A with Stephen Hall and Real Estate Mogul Steve Rozenberg
Stephen Hall, shareholder at Robert Hall & Associates, discusses having the right entity structure for real estate investors in a Facebook live video with real estate mogul Steve Rozenberg. He stated you should “maximize your wealth as a landlord. It’s not about what you make it’s about what you keep, and it’s important to plan…
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Apartment Building Investors – Changes in 1031 Exchanges and Cost Segregation
Apartment building investors – this podcast is for you! Eric Christopher of WSC Realty advisors interviewed Tony Watson, EA on his Everything Apartments podcast. They talk about whether or not the Biden administration will enact sweeping changes to the 1031 exchange and how will these changes could affect Apartment Investors. And, they discussed a little-known…
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Using Section 179 or The “Hummer Loophole” To Lower Your Business Taxes
Successful business owners have no problem paying the taxes that they owe – but that doesn’t mean they shouldn’t look for loopholes to reduce their tax burden as much possible, so long as they stay within the law. Section 197 of the IRS tax code provides exactly that kind of loophole and has since it was…
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What California Homeowners Must Remember During Tax Time
Owning a home in California comes with its many benefits, such as the privacy, weather and of course, the amazing tax breaks. But as every year goes by however, many factors regarding tax returns can change quickly. Thus, it is vital to always keep up with the changing factors. We have outlined the top four…
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CPAs Vs Other Tax Pros: Which One Do You Need?
In the US, there are a number of professionals who can help you make sense of the US tax code: CPAs, accountants, and tax preparers. The difference in titles is there for a good reason as they have different level of competencies and qualifications. If you own a small business requiring an uncomplicated tax return,…
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