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John Hyre
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You Dealing?
Why Is Being Classified As a Dealer Important? Congress is most discriminating. For example, if two investors each purchased adjacent and identical properties for exactly the same price, spent exactly the same on improving each property and sold the properties for the same price to the same buyer, one investor might pay double the taxes …
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Federal Income Tax 101
This is just the basics. I don’t want to write a summary of 500,000 pages of federal income tax law, and you certainly don’t want to read it. The idea here is to give you an idea of how the system operates. Armed with a basic understanding of the law, tax planning ideas make more …
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Daddy’s Little Tax Deduction
Keeping your tax bill low is a war of details. There is no magical silver bullet that holds the IRS at bay. Rather, the tax code lets us cut a little here and a little there. It’s all in the details. Such “details” include your children. There are lots of ways to use the little …
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Choice of Entity 101
One of the most common questions that real estate investors ask is: Which entity should I use? The correct answer usually depends on a large number of details the exact nature and size of the business, the investor’s source and type of income, the number of family members, etc. This article will set out some …
