CPA Practice

FEBRUARY 24, 2023

A new survey from lease optimization software provider Visual Lease has found that, while 70% of senior real estate executives reported that their businesses are looking to add space as a part of their 2023 real estate strategy, 88% are planning for physical space needs just one year or less in advance.

Real Estate 124

Real Estate audit Government Technology 124

CPA Practice

FEBRUARY 13, 2023

Since individual investors (not corporate entities) own more than 70% of residential rental real estate , you likely have some clients who hold property assets and act as landlords for those properties. By David Wieland. With rising interest rates and prices, clients with investment properties may be feeling a pinch in income.

Real Estate 126

Real Estate Delaware Tax income tax 126

CPA Practice

JANUARY 11, 2024

That’s the forecast from top analysts at Dallas-based CBRE Group, one of the world’s largest commercial real estate firms. “We We expect 2024 will be decidedly different for real estate investors,” Darin Mellott, head of Americas capital markets research for CBRE, which moved its headquarters to Dallas in 2020.

Real Estate 113

Real Estate Construction Texas Start-ups 113

CPA Practice

SEPTEMBER 9, 2024

Those nearing retirement or on a fixed income often need to know what the financial and tax implications might be should they sell a longtime family residence, a second home or real estate included in their portfolio. The real estate industry has responded to these challenges.

Real Estate 114

Real Estate cpas Sales Education 114

Withum

MARCH 5, 2024

In this episode of Cryptonomix, Mark Eckerle sits down with Seth Priebatsch, President at Groma, a full-service real estate development and management firm with a blockchain twist.

Real Estate 126

Real Estate 126

Withum

MAY 16, 2022

The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. How coronavirus hit commercial real estate – GREEN STREET ADVISORS. not insolvent). Business Tax Services. Contact Us.

Real Estate 131

Real Estate Tax income tax tax return 131

Cherry Bekaert

OCTOBER 9, 2023

When investing in real estate funds , especially amid a volatile macroeconomic landscape, it is imperative to know the differences between the various types of funds. Portfolio Diversification – REITs diversify investor portfolios with real estate assets and divert away from the traditional stock market. link] Dahle, Jim.

Real Estate 110

Real Estate Non-Profits income tax Mississippi 110

CTP

JUNE 13, 2024

First, real estate rentals classify as either long-term or short-term rentals. Long-term rentals typically qualify for traditional real estate tax deductions from mortgage interest, property taxes, insurance, and property management fees. Also, on long-term rental properties, passive activity loss rules apply.

Real Estate 98

Real Estate Tax tax planning Account 98

CPA Practice

MAY 14, 2024

The NYU School of Professional Studies Division of Programs in Business will host the 2024 Federal Real Estate and Partnerships Tax Conference at the Mayflower Hotel in Washington, DC, from June 6 to 7. Partner, Hogan Lovells, Washington, DC Leasing Property in a Troubled Real Estate Environment Glenn M. Schachat, Esq.

Real Estate 96

Real Estate Washington Tax New York 96

Cherry Bekaert

MAY 6, 2024

Whether you own residential or commercial property(s), selling your real estate can be a complex process, especially when it comes to tax implications and deferral options. The good news is that the current real estate market favors sellers over buyers.

Real Estate 96

Real Estate Delaware Tax tax return 96

CTP

APRIL 10, 2024

Taxpayers who are willing to stay in the real estate market could benefit from a 1031 exchange. However, taxpayers may find it difficult to achieve the same return on investment with after-tax dollars outside of real estate. What other options are available?

Real Estate 96

Real Estate Tax Maine Sales 96

CTP

JUNE 11, 2024

Real estate is an attractive investment opportunity, but investors need to be prepared for potential taxes to truly maximize their profits. One popular but potentially tricky way to monetize real estate is to convert a primary residence into a residential rental property.

Real Estate 98

Real Estate Tax Sales Legal 98

CTP

APRIL 10, 2024

Partnerships may be formed as a real estate investment partnership where each partner contributes different properties. The post Tax Deferral Strategies for Real Estate: Using the 1031 Exchange in Partnerships appeared first on Certified Tax Coach.

Real Estate 105

Real Estate Tax tax planning tax return 105

Accounting Today

MAY 6, 2024

The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.

Real Estate 75

Real Estate audit Account accounted 75

Cherry Bekaert

NOVEMBER 14, 2023

The discussion below focuses in on tax planning opportunities tailored specifically for the real estate industry: deferring revenue, maximizing deductions, and utilizing available credits and incentives. Generally, taxpayers must reinvest the gains realized within 180 days of the transaction.

Real Estate 109

Real Estate tax planning Construction Tax 109

Withum

AUGUST 14, 2024

Typically, when performing a business valuation for SBA 7(a) purposes, the prospective buyer is seeking to purchase both the business and its underlying real estate from the seller. In these instances, it is important to ensure the relationship between the company and the real estate is addressed correctly.

Real Estate 78

Real Estate Legal tax return Tax 78

RogerRossmeisl

JANUARY 5, 2022

Do you want to sell commercial or investment real estate that has appreciated significantly? With real estate prices up in some markets (and higher resulting tax bills), the like-kind exchange strategy may be attractive.

Real Estate 228

Real Estate Tax CPA cpa firm 228

RogerRossmeisl

FEBRUARY 4, 2024

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a §1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell it.

Real Estate 189

Real Estate Tax CPA business tax 189

RogerRossmeisl

OCTOBER 30, 2023

179 deductions can also be claimed for real estate qualified improvement property (QIP), up to the maximum allowance. Eligible assets include depreciable personal property such as equipment, computer hardware and peripherals, vehicles and commercially available software.

Real Estate 251

Real Estate CPA Tax cpa firm 251

RogerRossmeisl

MAY 28, 2021

How it works You can claim an itemized deduction on your tax return for real estate taxes and home mortgage interest. The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” Most other home ownership costs can’t be deducted currently.

Real Estate 246

Real Estate tax return CPA Tax 246

CPA Practice

MAY 7, 2023

By Diana Crawford, CPA. Each spring, the blooming of the color-popping azaleas signals the time for arguably one of the greatest golf tournaments, the Masters. Augusta National Golf Course in Augusta, GA, is host to the first major golf tournament of each season in the first weekend in April. throughout the year.

Real Estate 110

Real Estate Tax North Carolina cpas 110

Withum

OCTOBER 23, 2024

Managing a real estate portfolio involves a plethora of expenses, some of which are uncontrollable. Let’s take a closer look at some of the key expenses real estate owners face. Cost of Debt: Debt financing is a typical method of financing real estate operations.

Real Estate 52

Real Estate Account accountant accounted 52

RogerRossmeisl

MAY 30, 2022

You’re generally treated as a regular real estate landlord once you begin renting your home. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries potential tax benefits and pitfalls.

Real Estate 44

Real Estate tax return CPA Tax 44

CPA Practice

MARCH 16, 2023

Home prices nationally should bottom out in 2023 then return to a more normal growth rate, according to a Zillow® survey of housing experts. Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec.

Real Estate 110

Real Estate Construction Sales California 110

RogerRossmeisl

JANUARY 26, 2022

Over time, historic cost may understate market value for appreciable assets, such as marketable securities and real estate. Generally Accepted Accounting Principles (GAAP), assets are recorded at historic cost. Additionally, internally generated intangible assets — such as copyrights, patents, brands and goodwill — are excluded from.

Real Estate 214

Real Estate accounting principles CPA financial statements 214

RogerRossmeisl

MAY 5, 2023

Cost (or asset-based) approach Because the balance sheet identifies a company’s assets and liabilities, it can be a reliable source of financial information, especially for companies that rely heavily on tangible assets (such as manufacturers and real estate holding companies).

financial statements 212

financial statements Real Estate accounting principles Manufacturing 212

RogerRossmeisl

AUGUST 6, 2023

In this scenario, the tax rules generally treat you as a real estate dealer. If you subdivide it, develop the resulting parcels and sell them off for a hefty profit, it could trigger a large tax bill.

Real Estate 214

Real Estate Tax income tax CPA 214

RogerRossmeisl

NOVEMBER 8, 2023

Certain industries — for example, construction, real estate, manufacturing and transportation — are usually more vulnerable to employee theft, according to the Association of Certified Fraud Examiners (ACFE). Occupational fraud risk isn’t necessarily shared evenly by all business sectors.

Real Estate 206

Real Estate Construction payroll Transportation 206

Accounting Today

MAY 20, 2024

Changes in residency, qualified personal residence trusts and other methods cited by experts carry big savings — with some caveats.

Real Estate 95

Real Estate Tax 95

Accounting Today

SEPTEMBER 11, 2024

The OZ program allows investors to defer their capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.

Real Estate 124

Real Estate Tax Sales 124

Dent Moses

DECEMBER 11, 2024

If youve constructed or purchased real estate for use in your business in the last few years, its probably worth a conversation to determine if a cost segregation study would be beneficial. The post Maximize Real Estate Depreciation Deduction with A Cost Segregation Study appeared first on Dent Moses, LLP.

Real Estate 52

Real Estate Construction audit accounted 52

Accounting Today

FEBRUARY 26, 2024

Mayor Brandon Johnson's plan to increase taxes on real estate transactions of $1 million or more was dealt a major blow.

Real Estate 119

Real Estate Tax 119

CPA Practice

AUGUST 21, 2024

Background : Normally, investors in passive activities in which they don’t “materially participate,” like most real estate activities, can take deductions only up to the amount of their passive income for the year. There are three key requirements for qualifying as a real estate professional.

Real Estate 115

Real Estate Tax Construction 115

CPA Practice

JANUARY 19, 2023

The tax law provides generous tax breaks to investors in real estate, but there are several key tax pitfalls to watch out for. Real estate is automatically treated as a passive activity. However, you can use up to $25,000 of loss to offset non-passive income if you are an active participant in a real estate activity.

Real Estate 122

Real Estate Tax tax return income tax 122

TaxConnex

SEPTEMBER 7, 2021

In real estate they say, “Location! Same is true for sales tax – except the word can have different meanings. For example, when it comes to sales tax, do you need to follow “destination-based” or “origin-based” rules? Right to the source “Sourcing” is important when you determine your sales tax obligations.

Texas 237

Texas Connecticut Real Estate Pennsylvania 237

Accounting Today

NOVEMBER 22, 2023

The five states with the highest real-estate taxes have an average rate of 2.17%.

Real Estate 143

Real Estate Tax 143

CPA Practice

MAY 3, 2023

Fernandez, Kiplinger Consumer News Service (TNS) For investors looking for a way to defer capital gains taxes when selling a real estate investment property, there are a variety of strategies to leverage depending on circumstances. Both of these strategies allow investors to defer capital gains taxes on the sale of their real estate.

Real Estate 124

Real Estate Tax Delaware Washington 124