Monthly Archives: September 2012

Deducting Charitable Contributions: Eight Essentials

Deducting charitable contributions is quite often tricky, but the eight essentials shared below will guide you.  Donations made to qualified organizations may help reduce the amount of tax you pay. With that in mind, here are eight tips to help … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, ADCPA, Apartments, Commercial Real Estate, Cost Segregation, Dentist Office, Federal Income Tax, Hotel Properties, Medical Office Building, Multifamily, Restaurants, Self-Storage Facility | Tagged , , , , , , , , , , | Leave a comment

How do I compute gain in a like-kind exchange when some cash is received?

When you receive cash other than the like-kind property in a like-kind exchange, the cash is treated as “boot.” Boot does not render the transaction ineligible for non-recognition treatment but it does require you to recognize gain to the extent … Continue reading

Posted in §1031 Exchange, Accelerated Depreciation, Accelerates Depreciation, AICPA, Capital Gains, Federal Income Tax, Like-Kind Exchange | Tagged , , , , , , , , , , | Leave a comment

September 2012 Tax Compliance Calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of September … Continue reading

Posted in Federal Income Tax | Tagged , , , , , | Leave a comment

HSA Accounts are Tax Deductible!

Contributions to HSA accounts are tax-deductible. Earnings, such as interest and dividends, in the (HSA) health savings account are tax-exempt at the federal level. Withdrawals from a HSA are tax-free as long as the funds are used for qualified medical … Continue reading

Posted in ADCPA, Federal Income Tax | Tagged , , , , , , , , | Leave a comment

Should You Invest in Life Insurance?

The purpose of life insurance is to provide a source of income, in case of death, for your children, dependents, or other beneficiaries. Life insurance can also serve certain estate planning purposes, which we won’t go into here. Buying life … Continue reading

Posted in Insurance | Tagged , , , , , , , , | Leave a comment

Year-end tax planning amid legislative uncertainty

As 2013 draws closer, news reports about “taxmageddon” and “taxpocalypse,” describing expiration of the Bush-era tax cuts, are proliferating. Many taxpayers are asking what they can do to prepare. The answer is to prepare early. September may seem too early … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, ADCPA, AICPA, Apartments, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Dentist Office, Federal Income Tax, Franklin Cost Segregation, Hotel Properties, Houston Cost Segregation, Medical Office Building, Multifamily, Nashville Cost Segregation, New York Cost Segregation, Residential Rental Property, Restaurants, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Self-Storage Facility, Tax Incentives | Tagged , , , , , , , , , , , , | Leave a comment

What happened in the Real Estate Sector that is impacting the trends for MOLD Insurance?

Over the past 5 years, the commercial real estate insurance industry has been faced with substantial increases in both mold-related claims and payout amounts due to these claims. Mold is the fastest growing risk management problem in the U.S. This … Continue reading

Posted in Apartments, Commercial Insurance, Commercial Real Estate, Dentist Office, Hotel Properties, Medical Office Building, Multifamily, Restaurants, Self-Storage Facility | Tagged , , , , , , , , , , , , , , , , | Leave a comment