by Jeremiah Wolcott | real estate, Tax
The Qualified Business Income Deduction (also known as Section 199a deduction) has provided many Denver area pass-through business owners a new tax savings opportunity. The deduction allows certain taxpayers to take a deduction equal to 20% of their qualifying... 
by Donald Prosser, CPA | real estate
The real estate industry is in constant flux, and the recent tax reform has simply added to the uncertainty. While some experts predict that the new tax law will negatively impact home and other property ownership, the real estate industry as a whole did escape with... 
by Donald Prosser, CPA | real estate
Beginning in tax year 2018, real estate partnerships will see a shift in how the IRS performs their audits. With the passage of the Bipartisan Budget Act of 2015, Congress repealed the existing audit procedures and replaced it with a new regime that will apply to all... 
by Donald Prosser, CPA | real estate
This summer, the IRS re-issued proposed regulations to create a centralized partnership audit regime. Originally enacted as part of the Bipartisan Budget Act of 2015, these new rules are designed to make it easier and less costly for the IRS to audit partnerships. The... 
by Donald Prosser, CPA | Featured, real estate, Tax
Every business owner searches for ways to reduce their income tax liability. Through effective tax planning, there are several strategies companies can employ to reduce taxes owed, including business tax credits, incentives, and deductions. For many, this is where the... 
by Mike Dowd | real estate
Life can present unexpected challenges that can catch even the most well prepared off guard. In such situations, it may be necessary to obtain more cash than one may have to address the problem. When this happens, individuals often turn to their 401k plan as a money... 