Don’t let the IRS take more in cash taxes than necessary if you’re a Fort Worth, TX resident. Real estate investors should engage an accomplished Real Estate CPA who specializes in optimizing tax strategies, reducing cash tax burdens, and planning for future tax scenarios based on your specific income profile. This professional should be current on all new tax laws to optimize your after-tax cash flow and minimize your cash tax for both this year and those to come.

Looking to hire a Real Estate CPA? Look for one experienced in:

Diverse Tax Frameworks in Real Estate Investment

• Legal entity tax planning on an activity-specific basis.
• Tax considerations for General Partners and Limited Partners in real estate.
• Entity-level tax liability management.
• Aggregated tax approach for multiple property ventures.

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

Strategic Approaches to Real Estate Asset Sales

• Forecast potential tax liabilities and develop strategies to reduce them.
• Recommend tax deferral methods such as 1031 exchanges and Qualified Opportunity Funds (OZ).
• Execute a tax-efficient exit strategy for your real estate investment.

Comprehend Your Taxable Real Estate Activities

• Classifying Passive and Non-Passive Activities.
• Strategies for Reducing Real Estate Tax Burden.
• Achieving Real Estate Professional Status (REPS) for Tax Benefits.
• Optimizing Tax Strategies for Short-term and Long-term Rentals.
• Electing Bonus Depreciation on Qualifying Assets.
• Utilizing Cost Segregation to Maximize Tax Depreciation.

If your existing tax advisor or CPA hasn’t discussed these crucial tax strategies with you, it’s probable that they lack specialized knowledge in real estate taxation and are not maximizing your tax-saving opportunities.

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.