How To Calculate California Property Taxes

Published: 10/13/2021 8:03:09 AM

Most homeowners in America are familiar with property taxes. One aspect of the property tax that homeowners may not be as familiar with is that property tax rates and laws vary by jurisdiction. For example, a homeowner in a Florida city would not be subject to the same property tax rates as a homeowner in a Georgia city. Taking this example further, there are also local rules and taxes that also factor into the homeowner’s final tax bill. California has always been one of the best states to invest in real estate, and in this article we will discuss how

» Read more

Real Estate Investors - What Numbers Should You Be Tracking for Tax Deductions?

Published: 9/23/2021 4:01:11 PM

One of the best ways to be prepared to file your tax return as a real estate investor is to know when the deadlines for taxes are. Below are some important upcoming deadlines you need to pay attention to, to be fully prepared to tackle tax season: Extension Return Type Deadline S Corps (Form 1120) September 15, 2021 Partnerships (Form 1065) September 15, 2021 Corporate (Form 1102) October 15, 2021 Personal Returns October 15, 2021 As any good investor knows, diversifying your assets is a smart move. You know flipping houses, investing in commercial real estate and rental homes can produce steady, recurring cash flow - which leaves a lot to track.

» Read more

Selling A Personal Residence Versus Real Estate Property

Published: 9/13/2021 9:50:20 AM

Although tax planning is likely not at the top of a person’s “to do” list, one of the most important things an investor or homeowner can do is to understand the tax implications between owning and selling a personal residence versus a real estate property. Owning a home is undoubtedly a big accomplishment in a person’s life, but in terms of tax planning, there are far fewer tax benefits to selling a personal residence versus a real estate property. Let’s start with the sale of a personal residence. Selling a Personal Residence When selling your personal residence, your first instinct

» Read more

Upcoming tax deadlines and whether you need them on your calendar

Published: 8/31/2021 8:40:19 AM

With so much to keep track of in the days of information overload, let’s take a little off your plate by foolproofing your upcoming tax deadlines. Many of us are aware of the April 15th deadline. Depending on your line of work you may be aware of the various other deadlines that pass at the beginning of the year. For the purposes of this article, we will be focusing on two quickly approaching deadlines and whether they apply to you and your business. September 15, 2021 A busy day for accountants and many small business owners, there are three deadlines

» Read more

5 Tax Benefits of Owning Commercial Real Estate

Published: 8/24/2021 3:30:13 PM

Owning commercial real estate may seem intimidating at first but it doesn’t have to be. With a little guidance and research, the tax benefits of investing in commercial real estate become relatively easy to understand and apply. In this article we will touch on five of the most common and beneficial tax benefits investing in commercial real estate can provide to the everyday investor. 1. Depreciation Likely one of the most commonly known tax benefits in commercial real estate is depreciation. Like all structures, commercial real estate suffers wear and tear over time. The tax code allows a certain amount

» Read more