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 Gary Bode, CPA is a Master's Degreed, nation wide accountant offering tax and business services. Member of AICPA and NCACPA. Our virtual office provides excellent service to long distance and international clients. Call (910) 399-2705 for a free phone consult. |
I’m a rental real estate CPA with lots of experience with Form 8825. The Form 8825 instructions cover only a few rental property tax issues. For a free consult please call (910) 399-2705. Your Form 8825 CPA probably reads the Form 8825 instructions every year. I do, at least. But I also look for . . . → Read More: Form 8825 CPA discusses the Form 8825 instructions | Form 1120S and Form 1065 | rental real estate issues Lots of Form 1099-A misconceptions exist. I’ve tried to offer tips that should be in the taxpayer’s Form 1099-A instructions. For a free rental property consult call (910) 399-2705. I’m a Form 1099-A CPA tax accountant because two of my specialties are rental real estate and cancelled debt. Form 1099-A doesn’t report cancelled debt, . . . → Read More: IRS Tax Form 1099-A CPA accountant discusses rental property foreclosures | Form 1099-A instructions | Landlord tax issues The Form 1120S instructions ignore S Corporation cancelled debt - go figure. If you don’t have a local Form 1120S CPA knowlegable in cancelled debt, consider calling me for a free consult. (910) 399-2705. IRS Form 1120S CPA tax accountants see rental property cancelled debt too. Rental real estate foreclosures and short sales aren’t . . . → Read More: IRS Form 1120S CPA tax accountant discusses rental property cancelled debt for S Corporations | Form 1120S instructions for line 11 of Schedule B | Form 8825 Lots of tax consequences arise with the sale of a rental real estate property. I offer a free consult to landlords on rental property issues. (910) 399-2705. Rental real estate CPA tax accountants sometimes get calls from landlords once they look at the Form 4797 instructions when selling a rental property. The IRS estimates . . . → Read More: Rental Real Estate CPA tax accountant discusses IRS tax Form 4797, Sales of Business Property | rental property short sales, foreclosures, deed in lieu of foreclosure, abandonments, etc. | landlord tax issues I’m sorry you lost your rental real estate property. I’ll try to cover how to plan for cancelled debt on Form 1099-C and the gain or loss on Form 4797. For a free rental property cancelled debt consult call (910) 399-2705. I’ll cover cancelled rental real estate debt using the insolvency and discharge . . . → Read More: Cancellation of Debt CPA discusses the Insolvency and Discharge of Qualified Real Property Business Indebtedness exclusion of Form 982 | Rental Real Estate Cancelled Debt Form 1099-A triggers an IRS reportable sale of your rental property. Gains or losses can be six figures. Understand Form 4797. If you like what you read, call for a free rental property consult. (910) 399-2705. Real Estate CPAs expect to see plenty of 2013 Form 1099-A(s), Acquisition or Abandonment of Secured Property, for . . . → Read More: Real Estate CPA discusses IRS Form 1099-A, Acquisition or Abandonment of Secured Property, for Rental Property | landlord taxation issues | Form 4797, Sales of Business Property The IRS Tangible Property Repair Regulations offer immediate write-offs in 2014 and permanent tax savings when you sell the building. If you don’t have a rental property CPA consider using us. Our virtual office means your location isn’t an issue. (910) 399-2705. The IRS released its final version of the new Tangible Property Repair . . . → Read More: Rental Property CPA discusses IRS Tangible Property Repair Regulations | small business taxation If you’re having tax problems with rental property short sale consider calling us for a free phone consult at (910) 399-2705. Rental property tax CPAs help Clients through the convoluted tax issues of rental property short sales. Rental property short sales may incur cancelled debt, which becomes taxable income unless you can exclude it . . . → Read More: Rental Property Tax CPA explains using Form 982: Reduction of Tax Attributes Due to Discharge of Indebtedness, for Rental Property Short Sales | Cancelled Debt for S Corporations and Schedule E Landlords | Form 1099-A | Form 1099-C | Form 4797 Most Schedule E tax preparation is straight forward. But there are IRS wrinkles. If you’re out of your comfort zone consider calling us free phone consult. Our virtual office means distance isn’t a factor with serving you, regardless of where you live or your rental properties are located. (910) 399-2705. Rental property CPA accountants . . . → Read More: Rental Property CPA accountant discusses tax form Schedule E | residential rental properties | commercial rental properties Most tax software handles residential rental property depreciation. But if you get uncomfortable preparing Schedule E or Form 8825, consider calling us at (910) 399-2705. I’m a rental property CPA because some of my extended family owns residential rental property, so I stay on top of Schedule E and Form 8825 issues. We’ve got . . . → Read More: CPA explains Residential Rental Property Depreciation | IRS Schedule E and Form 8825 |
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