The Los Angeles City Council Friday passed a resolution to support an assembly bill that creates a tax on large corporate landlords and use the revenue for rental assistance, legal...
Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax...
All income from rental properties must be reported as part of your gross income on your tax returns. This includes any monies received for either the use of or occupancy...
There are several tax breaks for landlords that let property owners reduce their tax obligations and keep more of their cash to put back into their golden goose. Tax Deductions...
Becoming a landlord presents incredible opportunities for stable passive income. However, on top of the general uncertainty brought forth by a pandemic, renting out property also presents new financial and legal obligations, including...
Stephen Ashley isn’t sure how much his company will benefit from a 116-word tax break for residential property owners slipped into the omnibus and coronavirus relief package late last month....
Proposition 19, billed as “The Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment,” passed with 51.1% of California voter approval in November. As a result, 2021...
Small business owners already struggling because of the COVID-19 pandemic and state-ordered shutdowns or capacity restrictions now face another hurdle to surviving 2020: an unexpected tax hit. That’s because of...
Presidential hopeful Joe Biden has proposed a dramatic revision of the tax code. While the details are unknown, the big picture is to roll back President Trump’s centerpiece legislation, the...
