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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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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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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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Deduction of Interest Expense During Prolonged Real Estate Development

Withum

If the development of a real estate property is executed without any complications, the project will begin operations and be placed in service post-production. This article takes a closer look at the tax treatment of interest expense during prolonged real estate development. If the 120-day period spans two tax years (i.e.

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How Section 1231 Gains and Losses Affect Business Asset Sales

RogerRossmeisl

Operating businesses typically dont own capital assets, The post How Section 1231 Gains and Losses Affect Business Asset Sales appeared first on Roger Rossmeisl, CPA.

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Real Estate Accounting Best Practices: Ensuring Tax Readiness and Financial Success

Withum

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. Cloud-based accounting software can be used to help with real estate accounting. Prepare for tax season early.

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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.