What is a Tax Shelter and How Does It Work?

Merriam-Webster defines the term “shelter” as: Something that provides protection An establishment that houses and feeds strays or unwanted animals Delving into this a little further, a “tax shelter” isn’t too far off the first definition’s mark, while having nothing to do with the second. Turning back to Merriam-Webster, a tax shelter is defined as: An entity, such as a partnership or investment plan, formed with tax avoidance as a main purpose An interest offered or purpose, with the goal of providing favorable tax consequences

Real Estate Tax Strategy for the Family Office

Very affluent families may establish a family office to manage their wealth. These entities usually serve family units with tremendous assets and complex needs. In addition to investment advice, the family office may provide tax and estate planning services and personal support in other areas. Historically, most family offices were not registered as investment advisers due to their private status. After the Dodd-Frank Wall Street Reform and Consumer Protection Act eliminated the exemption for private advisers, the Securities and Exchange Commission adopted a rule that defined family offices and excluded them from regulation under the Investment Advisers Act of 1940.

How Do State Property Taxes Work?

Not all states have income taxes, but the same can’t be said for property taxes. Every state and the District of Columbia have property taxes.

Key Steps for Meeting The July 15th Filing Deadline

Even though our world may feel like it is at a standstill, many property owners are still navigating the time-constrained process of a 1031 exchange. However, in response to the chaos of the pandemic, the IRS issued Notice 2020-23, which extended deadlines for time sensitive tax actions.

Maximizing After-Tax Cash Flow Through Financial Tools Online

Investors are conditioned to look at pre-tax returns. It’s a learned behavior that can be traced back to the day that first paycheck arrived. But alas… somewhere between gross and net, the wages were placed in a tax grinder. Years and decades later, many investors still struggle to remember that the IRS has a voracious appetite. The key is not to focus so much on the top dollar amount; what matters at the end of the day is how much you can put in your pocket after taxes.

The Tax Benefits of Real Estate Investing

The Land Act of 1820 was one of America’s first solutions for motivating people to buy land in “The West.” By reducing the minimum price and size of a standard tract, the government made land ownership throughout the country accessible for average Americans—not just the wealthy.

The Differences In Tax Statements

Depending on how you are involved with a property, there are different tax forms to consider when filing your income taxes. These forms also arrive at different times of the year. In this article, we discuss three common real estate tax forms.

Tax Reform And Mortgage Interest Deductions

Part 4 in the Realized Series "2017 Tax Reform Impact on Real Estate" Much of the recent news coming from President Donald Trump’s administration has been focused on healthcare and the wall. Though Trump tax reform has been on the back burner, there are indications that Congress and the President will begin the process of tax overhaul in fall 2017. It’s uncertain how tax reform will impact the overall economy. However, based on the limited information we have, tax reform could have a profound change on how you invest, and what type of capital might make the most sense.

Tax Reform And Real Estate: An Overview

Part 2 in the Realized Series "2017 Tax Reform Impact on Real Estate" It’s no secret that President Donald Trump and the Republican-controlled Congress have made tax reform a huge item on their agendas. Though the rhetoric is plentiful, what has been released so far is a one-page reform proposal from the Trump Administration, and the House of Representative’s tax reform proposal, A Better Way Forward on Tax Reform which was issued in 2016.

Tax Benefit Of Real Estate Investing - Examples

When properly structured, real estate can be an extremely tax efficient investment. Benefits are produced by the following three components: Depreciation Interest Deduction 1031 Exchange

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