Tag Archive for: CPA

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“Differences between Passive & Active Income”


“Passive, Passive with Active Participation, Ordinary Income – What’s the Difference?”

The different Buckets of Income there is ways to maximize your taxable income. 

Do you have your income classified correctly?

Anne Cornelius, CPA
Anne Cornelius, CPA, P.C.
Bring your Lunch and Come to our Office

RSVP- Linda Gerchick, CCIM

602-256-1415

Info@justsoldit.com

We are all about education-this is not a sales pitch-just come & learn
We will start promptly at 12 pm and end at 1:00 pm-
You can stay for questions from 1:30 PM

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“To Chattel or not to Chattel-Cost Segregation”

 

 

If you are an Investor-don’t miss this valuable information!

“To Chattel or not to Chattel-Cost Segregation”

by Anne Cornelius, CPA
Anne Cornelius, CPA, P.C.
In a nutshell, Cost Segregation is an IRS-approved application in which investment property owners can accelerate depreciation of certain assets. They can do so by re-classifying property assets from a standard 39 year depreciable life to a 5, 7, or 15 year depreciable life.
“Engineered Based Study” is the best & only way to take advantage of this fully.
Bring your Lunch and Come to our Office

RSVP- Linda Gerchick, CCIM

info@justsoldit.com

We are all about education-this is not a sales pitch-just come & learn
We will start promptly at 12 pm and end at 1:00 pm-
You can stay for questions from 1:30 PM

View Videos of our Lunch and Learn Series

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The Obamacare 3% Investor Tax?-sorry postponed due to Medical Emergency

 

 

If you are an Investor-don’t miss this valuable information!

“The Obama 3% Investor Tax? Do you understand it?”

by Anne Cornelius, CPA
Anne Cornelius, CPA, P.C.

  • Meet the 3.8% Net Investment Income Tax. It’s an add-on to other taxes you pay, so don’t start thinking what a great low tax rate this is. As one example, depending on your income, your long-term capital gain might be taxed at 20%.
  • However, you must now add the 3.8% tax, making your total 23.8%. But the tax is considerably broader than this. You may owe this tax if you have income from investments, and if your income for the year is more than certain limits.
  • The IRS has issued a reminder of these key points it wants everyone to know. The 3.8% rate is applied to the lesser of either your net investment income or the amount by which your modified adjusted gross income exceeds a threshold amount based on your filing status. What are the income thresholds?

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Bring your Lunch and Come to our Office

RSVP- Linda Gerchick, CCIM

info@justsoldit.com

We are all about education-this is not a sales pitch-just come & learn
We will start promptly at 12 pm and end at 1:00 pm-
You can stay for questions from 1:30 PM

View Videos of our Lunch and Learn Series

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Notes from the Certified Public Accountant

If you decide to invest in real estate, particularly if for residential or commercial rental use, you have essentially gone into business and there are many tax benefits to owning such a business.

First, it is important to consider all of the possible forms of ownership and the tax benefits of each. You can own a business as any of the following:

  • Sole Proprietorship
  • Partnership
  • Limited Liability Company (LLC)
  • C-Corporation
  • S-Corporation

Read more

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