Does the 110% prior-year tax safe harbor apply to business owners?
Does the 110% prior-year tax safe harbor apply to business owners: answer, decision factors, example and records for business owners.
Tax Strategy Blog: Page 19
1236 articles for business owners and real estate investors. Page 19 of 35.
Business owner planning · Real estate planning · Cost segregation · Illustrated tax lessons · Article feed
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Showing articles 649–684 of 1236.
What if my business profit doubles after I calculate estimated taxes?
What if my business profit doubles after I calculate estimated taxes: answer, decision factors, example and records for business owners.
Does paying for equipment in December create a deduction before it is delivered?
Does paying for equipment in December create a deduction before it is delivered: answer, decision factors, example and records for business owners.
Electing Out of Bonus Depreciation by Asset Class
Business and property owners should model bonus depreciation elections by asset class, including other purchases, future income and state differences.
Cost Segregation for Vacation Rental Cabins
Review cost Segregation for Vacation Rental Cabins. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Cost Segregation Report: Basis Reconciliation Checklist
Check a completed cost segregation report against land, building basis, prior depreciation and separately purchased assets before implementing it.
Cost Segregation on a Related-Party Purchase
Buying a building from family or another entity you own? Separate cost segregation from bonus eligibility before projecting a first-year deduction.
What Your Cost Segregation Quote Should Include
Review what Your Cost Segregation Quote Should Include. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Cost Segregation for Duplexes, Triplexes, and Fourplexes
Review cost Segregation for Duplexes, Triplexes, and Fourplexes. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Can You Use Your Cost Segregation Deduction This Year?
Review can You Use Your Cost Segregation Deduction This Year. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Cost Segregation for Condos and Townhomes
Review cost Segregation for Condos and Townhomes. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Cost Segregation for Beach Rental Properties
Review cost Segregation for Beach Rental Properties. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Changing Tax Preparers: Owner Carryforward Checklist
Transfer business basis, rental losses, depreciation and payment records when changing tax preparers so opening balances can be verified.
Buying a Building for Your Business: Tax Planning Before Closing
Review buying a Building for Your Business: Tax Planning Before Closing. Practical decisions, records and examples. Book a call with AE Tax Advisors.
What records should I keep to support large tax deductions?
What records should I keep to support large tax deductions: answer, decision factors, example and records for business owners.
Why do I owe taxes when my business has little cash in the bank?
Why do I owe taxes when my business has little cash in the bank: answer, decision factors, example and records for business owners.
Owning Your Business Premises Through a Separate Entity
Review owning Your Business Premises Through a Separate Entity. Practical decisions, records and examples. Book a call with AE Tax Advisors.
Estimated Tax Payments Missing From an Owner’s Return
Reconcile missing estimated tax payments by taxpayer, tax year and agency before paying twice or filing an unnecessary amended return.
Can my business pay for a family trip if I also have business meetings?
Can my business pay for a family trip if I also have business meetings: answer, decision factors, example and records for business owners.
Equipment Trade-In: Basis and Depreciation Recapture
Trading in business equipment can create a taxable disposition. Separate the old asset’s gain from the new asset’s cost before forecasting deductions.
Equipment Delivered in December but Not Operational
A deposit or December delivery does not settle depreciation timing. Business owners should document installation, readiness and actual equipment use.
Business Credit-Card Expenses Deducted Twice
Learn how imported card charges and bank payments can duplicate business expenses, what records to reconcile and how to review a filed return.
Our upper-tier partnership received Form 8986 from a lower-tier fund. Do we pay or pass adjustments to investors?
Your upper-tier partnership received Form 8986. Compare paying the imputed underpayment with pushing adjustments to investors, and check the filing deadline.
My business is leaving a leased building. Can we deduct tenant-owned improvements left behind?
Moving an operating business out of a leased building? See when tenant-owned improvements may produce a disposition loss, what basis to use, and what records to preserve.
Our S corporation paid one owner more. Did that end our S election?
Paid one S corp owner more than another? Check the governing rights, shareholder basis, and correction path before filing Form 1120-S.
The founder died and S corporation shares remain in a revocable trust. When is a QSST or ESBT election needed?
Founder died and S corp shares remain in a revocable trust? Map the two-year eligibility window, QSST or ESBT election, and late-relief path.
I bought S corporation stock that includes a building. Can I cost segregate the purchase price?
Buying stock in an S corporation that owns a commercial building? Learn when the buyer gets new property basis for cost segregation and what to model before closing.
Our S corporation co-owner died before an asset sale. Who reports the gain?
An S corporation owner died before an asset sale. Compare daily K-1 allocation, a Section 1377 election, estate stock basis, and return records.
We are selling our private C corporation and paying management deal bonuses. Will Section 280G apply?
Selling a private C corporation and paying management bonuses? Test the Section 280G exemptions, three-times threshold, deduction and excise-tax risk before closing.
I contributed an appreciated building to our partnership. Is taking a different property out taxable?
Contributed appreciated real estate to a partnership? Before taking a different property, test Section 737 gain, outside basis, and the seven-year rule.
Our real-estate partnership's lender will forgive part of the mortgage before we sell. Who reports the income?
A lender will forgive partnership mortgage debt before a sale. See who reports cancellation income, which exclusions partners test, and the records needed.
Our partnership is distributing a mortgaged building to one partner. Can another partner owe tax without receiving cash?
If a partnership distributes a mortgaged building to one partner, another partner may have gain from debt relief without cash. See the basis and filing checks.
Our real estate partnership is redeeming a partner for cash. Can the remaining owners depreciate a Section 734(b) basis increase?
Redeeming a real estate partner for cash? See when Section 734(b) changes remaining-property basis, what can be depreciated, and why bonus differs.
Our commercial-property partnership refinanced and paid owners cash. Is the distribution taxable?
Your property partnership refinanced and paid owners cash. Test each partner's outside basis, debt share, and possible gain before treating the payout as tax-free.
Our real estate partnership's owner died before the building sale. Does the heir get a basis step-up?
A partner died before the real estate partnership sold. See why inherited interest basis and a Section 743(b) adjustment are different—and what the executor should check.
Our landlord is paying our operating business to surrender its commercial lease. Is the payout capital gain?
Landlord paying your operating business to surrender a commercial lease? Section 1241 treats the lease payment as an exchange, but character and other payouts differ.