real estate

Could the Small Taxpayer Safe Harbor Work for You?

December 28, 2016

One of the more vexing tax accounting issues for property owners has long been the proper treatment of expenditures related to improvements of tangible property, such as buildings, machinery, equip..

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Passive Activity Self-Rental Rule Applies to S Corporations

December 28, 2016

If you own property and a business, there’s an obvious temptation to lease that property to the business. But be careful — you risk triggering the self-rental rule and catching the eye ..

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Renting Property to Your Business Could Backfire on Your Tax Liability

October 20, 2016

If you own both property and a business, it just makes sense to lease the property to your business, right? Not always — this approach could be costly tax-wise, especially in light of the 3.8..

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IRS Makes Major Change to Tangible Property Regulations

October 20, 2016

The IRS’s 2013 release of its tangible property regulations clarified the proper tax treatment of expenditures related to tangible property, including buildings. Specifically, they explained ..

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Don’t Get Carved up: Dealing with Nonrecourse Loan Carveouts

October 20, 2016

Nonrecourse loans draw many borrowers because the arrangements can shield them from personal liability. But they don’t always provide that protection. If borrowers violate carveouts in the lo..

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