The short answer is no - you take responsibility for what's on your tax return. It’s one of the most common misconceptions in tax: “My...

Again - so much bad information floating around about IRS Audits. Here is an article with references to the real statistics. The risk of...

Social media is full of influencers claiming their G-Wagon is “100% deductible,” their Botox is a business write-off, and their latest...

Every week, I speak to real estate investors who misunderstand the rules around Real Estate Professional Status—and sometimes miss out on...

In President Donald Trump's March 4, 2025, address to Congress, he outlined several tax-related initiatives. Below are the verbatim...

For business owners and real estate investors looking to transfer wealth without triggering capital gains tax or adding assets to their...

It appears that the path to “One Big Beautiful Bill” took a big step forward, but isn’t quite done yet. On February 25, 2025, the House...

UPDATE: Third Chief in two months to take over at IRS, more here. With the upcoming tax season on the horizon, these layoffs are raising...

Many real estate investors build wealth by holding a few high-value properties. While this strategy can generate strong returns, it also...

For many real estate owners, selling their property outright is a non-starter. Not because they don’t want to cash out, but because of...

The short answer: REITs can be a great tool for investment real estate owners when solving for maturing debt. The arrangement can...

Inventory isn’t just a business asset—it’s a tax strategy waiting to happen. The way you track your inventory can significantly impact...

For months, businesses have been caught in a regulatory whiplash over Beneficial Ownership Information (BOI) reporting  under the...

A Section 1015 Trust is a strategic estate planning tool used to transfer wealth outside of an individual’s taxable estate. Unlike a...

Capital gains taxes can take a significant bite out of investment profits, but with careful planning, investors and business owners can...

A: The Low-Income Housing Tax Credit (LIHTC)  is easily the most powerful funding mechanism for developing affordable rental housing in...

This is my least favorite thing about the US Income Tax System: Congress gives taxpayers a deduction, and then takes it away with a...

You aren’t going to like this one: the general answer is “no.” Many business owners and professionals use sports tickets to build...

Fringe benefits can provide substantial tax advantages for business owners, but their deductibility and tax treatment vary depending on...

First of all, cashing out in an UPREIT is possible, and Section 733 is very favorable - but it takes very careful planning and the more...