You should not pay the IRS more cash taxes than you should in Gilbert, AZ. Real estate investors should use an experienced Real Estate CPA or tax accountant capable of optimizing their tax positions, strategize in order minimize cash tax, and plan for the future around your specific taxable income situation. This professional should have experience and be savvy in all the latest legislative tax changes to help boost your after-tax income and minimize your cash taxes for both current and future tax years.
Looking to hire a Real Estate CPA? Look for one experienced in:
Strategic Planning for Real Estate Property Sales
- Project future taxable gains and strategize to minimize your tax due.
- Advise tax deferment on gains like 1031 (like-kind) and QOF (OZ) investing.
- Exit a real estate property investment tax-efficiently.
Now more than ever with the news below.
The IRS announced that is increasing its scrutiny of "high-income earners & partnerships". Targeting those with Real Estate activities & complex partnership structures. Also, they will rely on the help of AI for their examinations of these. New world for the IRS & taxpayers😅
— Johan G. (@aftertaxcash) September 11, 2023
Understands Your Specific Taxable Activities
- Passive or Non-Passive Activity Classification.
- Tax elections to minimize real estate taxes.
- Real Estate Professional Status (REPS) designation
- Shot-term Rental or Long-term Rental Tax Strategies
- Bonus Depreciation Election on Assets
- Cost Segregation study to maximize tax depreciation
Multiple Tax Structures in Real Estate Investing
- Activity-by-activity legal entity tax structuring.
- General Partner or Limited Partner tax planning and strategizing.
- Manage entity level taxes to be paid.
- Tax aggregation strategy of multiple real estate activities.
If your current tax accountant or CPA has never brought up these key tax strategies, then it’s very likely that he does not have expertise in real estate tax and is not optimizing tax strategies.
Again, do not overpay income taxes. Find an experienced Real Estate CPA that can help you minimize cash taxes.
My firm, JG CPA & Advisory, where we specialize in real estate taxes is currently accepting new clients for tax year 2023. If you would be interested in consultation or our services, complete the webform here. Or our short form on our website. We will contact you and set-up a meeting with you shortly after submission.