Direct participation in commercial real estate (CRE), private investments via pass-through vehicles, as opposed to publicly-traded REITs, has long been a key asset class for most larger portfolios. ...
Taxes
Taxes
IRS Gets Its Wings Clipped on Roth IRAs and “Substance” Doctrine
Taxpayers recently got some good news via the 6th Circuit Court, and most have no idea. The court recently ruled in favor of a Roth IRA owner who “fed” his account with about $5 million in business...
Tax Tips for the Sharing Economy
The new "sharing economy" may create some tax confusion this year. People who are new to the world of Airbnb, Uber, WeWork and other web-based data-driven payment portals may find taxes have...
Who has the Jimmy Choo Shoe Box?
People are reorganizing closets, reclaiming shoe boxes, filled with receipts and statements that are being dropped off at their accountant’s office. All too often, with a commitment to end this...
Momentous Ruling in Tax Court
On Aug. 10, 2016, the United States Tax Court issued an opinion in the case of George H. Bartell et al., v. Commission of Internal Revenue, 14 T.C. No. 5. This case may prove to be the most...
Debt Financing and 1031 Exchanges
The fundamental rule of all 1031 exchanges is: In order to defer all income tax liability, you must trade: 1. equal or up in value (minus direct selling costs) and 2. equal or up in equity. The IRS...
Tax Advantages
Any real estate investor who has been in the game for a while knows the benefits of direct property investment. Among the major asset classes, real estate enjoys many unique positive tax advantages,...
What If?
1031 Exchange, named after Section 1031 of the Internal Revenue Code, allows a real estate investor to defer (postpone) tax liability when selling one property and buying another. This raises an...
Understanding UBIT
How to Avoid Unintended Tax Implications in Your Real Estate IRA Everyone knows that you don’t pay taxes on the growth of assets in an IRA, right? Well, not always. It’s true that the asset growth...
Shifting into Reverse
A 'Reverse' 1031 Exchange Requires Financial Strength, No Matter Which Route You Choose In a forward 1031 Exchange, the relinquished property is sold first, followed by the purchase of the...
