Steer clear of overpaying the IRS in cash taxes, particularly if you’re located in San Francisco, CA. Real estate investors should seek out an informed Real Estate CPA proficient in crafting tax strategies, lowering cash tax payments, and future-proofing your tax situation based on your unique income conditions. This expert should be conversant with the latest changes in tax laws to elevate your after-tax income and curtail your cash tax liabilities for the current and upcoming tax years.

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

Effective Tax Strategies for Real Estate Asset Disposal

• Estimate forthcoming tax liabilities and devise tactics to minimize them.
• Suggest tax deferral avenues like 1031 (like-kind) and QOF (OZ) options.
• Implement a tax-favorable exit plan for your real estate holdings.

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

Decipher Your Real Estate Tax Responsibilities

• Differentiating Passive from Non-Passive Activities for Tax Purposes.
• Tax Reduction Techniques in Real Estate.
• Earning Real Estate Professional Status (REPS) for Tax Savings.
• Comparative Tax Strategies for Short-term and Long-term Rentals.
• Electing Bonus Depreciation on Eligible Assets.
• Employing Cost Segregation for Optimal Tax Depreciation.

Assorted Tax Strategies in Real Estate

• Activity-centric legal entity tax configurations.
• Tax planning for both General Partners and Limited Partners in real estate.
• Entity-level tax obligation control.
• Coordinated tax tactics for multiple property activities.

If your ongoing relationship with your tax accountant or CPA doesn’t include discussions about these key tax strategies, it’s a strong indicator that they’re not proficient in real estate tax optimization.

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.