Use Your Tax Refund to Buy A Property: Commercial or Residential
Dale Largie, CPA is also a Realtor. That's right folks! Tax Largie, Inc. continues its relentless pursuit to provide you with services you need at high quality and affordable fees.
Investors, owner-developers, realtors, and related parties can rest easy knowing that Tax Largie, Inc. understands more of the nuances associated with commercial and residential property activity: buying, selling, renting, or leasing. With this understanding, Tax Largie, Inc. and its clients can better tackle each situation with an optimal result focus - together.
Moreso, issues surrounding FIRPTA, 1031 Exchanges, gain/loss on sale, and the tax consequences for the different entities: individuals, S Corporations, C Corporations, Partnerships, Limited Liability Companies, etc., are all areas that should not be taken lightly. We can help you navigate transactions involving these situations, easily.
Then there is the age old debate pertaining to flipping houses: Ordinary Income vs Capital Gains and Passive vs Active Income. It's a lot. I know. And while the potential for making a lot of money in real estate exists, know that poor planning and care could lead to great loss in real estate, too. Be smart - get a CPA!
"Keep good records!" Whichever criteria suits you best - keep good records and you will save yourself a lot of unnecessary headaches when the Service agents visit your business.
As the adage goes, "Communication is key", so I am excited about comunicating with you, as I believe it will be the "key" that unlocks doors to a productive, lucrative, and longstanding business relationship.