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Understanding Taxes on Real Estate Gains

RogerRossmeisl

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through entity such as an LLC, partnership or S corporation.

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Protecting Your Business from Real Estate Fraud

RogerRossmeisl

Whether your company acquires businesses that own real estate or you invest in real estate directly, fraud poses an ever-present threat. Buying and selling real estate is complicated, and it’s relatively easy for crooks to manipulate the process.

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Advantages of Keeping Your Business Separate From It’s Real Estate

RogerRossmeisl

Does your business require real estate for its operations? With long-term tax, liability and estate planning advantages, separating real estate ownership from the business may be a wise choice. Or do you hold property titled under your business’s name? It might be worth reconsidering this strategy.

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Can Homeowners Deduct Seller-Paid Points as the Real Estate Market Improves?

RogerRossmeisl

The recent drop in interest rates has created a buzz in the real estate market. The post Can Homeowners Deduct Seller-Paid Points as the Real Estate Market Improves? appeared first on Roger Rossmeisl, CPA. Potential homebuyers may now have an opportunity to attain their dreams of purchasing property.

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Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions

RogerRossmeisl

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. 179 deduction can be claimed for real estate qualified improvement property (QIP), up to the maximum annual allowance. But should you? Importantly, the Sec.

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Detroit Woman Gets Probation for Being Unlicensed CPA, Real Estate Agent

CPA Practice

Ramirez The Detroit News (TNS) A Detroit woman convicted of being an unlicensed accountant and unlicensed real estate agent has been sentenced to two years of probation, officials said. She faced up to five years in prison for being an unlicensed CPA and up to 90 days for each count of being an unlicensed real estate agent.

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Detroit Woman Gets Probation for Being Unlicensed CPA, Real Estate Agent

CPA Practice

Ramirez The Detroit News (TNS) A Detroit woman convicted of being an unlicensed accountant and unlicensed real estate agent has been sentenced to two years of probation, officials said. She faced up to five years in prison for being an unlicensed CPA and up to 90 days for each count of being an unlicensed real estate agent.