Author: Jim Peterson

Real Estate Limited Partnerships (RELPs) Real Estate Limited Partnerships (RELPs) are investment vehicles that pool capital from multiple investors to acquire, manage, and operate real estate properties. RELPs typically focus on specific…

Like-Kind Exchanges (1031 Exchanges) Like-Kind Exchanges, also known as 1031 Exchanges, refer to a tax-deferral strategy that allows real estate investors to defer paying capital gains taxes on an investment property when…

Successful Property Tax Appeals Successful property tax appeals can lead to significant savings for property owners by reducing the assessed value of their property and, consequently, their tax liability. The appeal process…

Missteps in Property Tax Appeals Property tax appeals can be a valuable tool for homeowners and businesses seeking to reduce their tax burden. However, the process is complex and fraught with potential…

Errors in Depreciation Calculations Depreciation is a key component in real estate tax management, allowing property owners to deduct the cost of tangible property over its useful life. However, errors in depreciation…

Overlooking Deductible Expenses Overlooking deductible expenses is a common mistake that can lead to higher tax liabilities for property owners. Ensuring all eligible expenses are accounted for can significantly reduce taxable income…

Non-Compliance with Reporting Requirements Non-compliance with reporting requirements can lead to serious tax penalties and legal issues for property owners. Understanding and adhering to these requirements is essential for maintaining good standing…