Six Key Tax Considerations for Owning US Real Estate
Tax planning for US real estate can be complicated. A plan to save on income or capital gains taxes might
Property Tax Rates in the United States: A Comprehensive Guide
Property taxes in the United States can be complicated, with rules and charges coming from federal, state and local governments.
Navigating Tax Issues: What a Notice of Deficiency Means for Property Owners
If you’re a property owner in the United States and you’ve received a Notice of Deficiency from the IRS, it
What Does It Mean to Materially Participate in Real Estate?
Material participation is an IRS rule to check if you’re actively involved in running a real estate property or business.
The Impact of a Notice of Deficiency on Rental Income and Tax Obligations
A Notice of Deficiency (NOD) from the IRS is an important letter that property owners—especially those renting out properties—need to
What Are the Benefits of Real Estate Professional Status for Tax Purposes?
If you’re a real estate investor in the United States, earning Real Estate Professional Status (REPS) with the IRS can
Rental Property Income Tax: Why Active or Material Participation Matters
When dealing with rental property income tax, the amount of tax you owe and the deductions you can claim depend
A Complete Guide to Notice of Deficiency: What You Need to Know
Receiving a Notice of Deficiency can be stressful, but it’s an important part of how the IRS collects taxes and
A Complete Guide to Materially Participate: What You Need to Know
The idea of “material participation” is important for anyone involved in rental properties for taxes purposes. The Internal Revenue Service
What Is Rental Property Depreciation and How Does It Work?
Rental property depreciation is an important yet confusing topic for landlords and real estate investors. Understanding the concept can help