What Happens If I Don't Report Rental Income?
Owning rental property is often considered an attractive method of building wealth. The benefits may include the following:
What Does Escrow Mean in Real Estate?
Understanding how escrow works can be important in real estate investing. Escrow accounts protect you during a real estate transaction and ensure that both parties meet all requirements before money is exchanged.
What Is Net Income Investment Tax?
Net Income Investment Tax also referred to as NIIT, doesn’t apply to everyone. Certain conditions must be met. In this article, we’ll go through the details of what NIIT is and when you can expect to incur it.
What Is a Private Fund Manager and How Do I Find One?
If you hold any type of private funds, such as real estate funds or private equity, you may want to consider working with a private fund manager to help manage your assets. A private fund manager can assist you in organizing your assets and developing an investment strategy to pursue some of the highest returns possible on your investments.
Can You Gift a 1031 Exchange Property?
Completing a 1031 exchange after selling an investment property can bring many potential tax benefits, such as deferral of any capital gains and depreciation recapture taxes incurred from the sale of your original investment property.
What Is an Accredited Investor?
An accredited investor is an investor who is able to participate in investments not registered with the Securities and Exchange Commission (SEC) and other agencies by meeting certain qualifications regarding their income, net worth, professional experience, or licensing.
Is There a Penalty For Filing a Tax Extension?
Sometimes situations occur when you might not be able to pay your taxes by the deadline. While there isn’t a penalty just for filing an extension, there are fines you might face for not paying on time.
What Is an Unincorporated Business Tax?
An unincorporated business is any business entity that has not legally registered itself at the state level. It differs from incorporated businesses in one key aspect: incorporated businesses are separate legal entities from their owners, while unincorporated businesses are not.
What Is Tax Loss Harvesting and How Does it Work?
Tax loss harvesting is a type of portfolio rebalancing for tax efficiency purposes. Most people don’t perform tax loss harvesting manually. Instead, their broker does it automatically. While the process is automated, there are still some areas to look out for, such as the wash sale. Let’s go over how it all works.
What Are the Laws and Other Legal Considerations for DST Investments?
Plenty of information is available to investors interested in putting their monies into Delaware Statutory Trusts (DSTs). Such information includes what they are, how they operate, and their advantages and disadvantages.
