Passive Activity Rule Limitations The Historic Rehabilitation Tax Credit (HTC) is most often generated from a passive rental real estate activity. Accordingly, individual taxpayers may be limited or prevented from claiming HTC under the passive activity rules unless one of […]
Tax Strategies
With the passage of the Tax Cuts and Jobs Act of 2017 came the Qualified Opportunity Zone tax incentive. The Qualified Opportunity Zone tax incentives are designed to encourage long-term investments and economic development while creating jobs in economically distressed […]
It’s been a while since your 2020 tax return has been finalized and filed, and 2021 is quickly moving along! Here are ten steps to take now – before year end–to save time with this year’s business tax return preparation […]
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to accelerate depreciation deductions on certain items, thereby reducing […]
With the housing market getting more difficult by the minute, alternative forms of housing ownership are growing in popularity—including cooperative housing arrangements. In a housing cooperative, the complex is jointly owned by its residents, who buy a “share” of the […]
With a whirlwind of new tax legislation in the past few years, it is hard to keep up with the most current tax-savings strategies. A good tax-saving strategy, that just recently became more appealing due to new legislation, is to […]
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