Tax | firsttuesday Journal

IRS announces new tax rates for 2021

by ft Editorial Staff | Nov 17, 2020 | Finance, Real Estate, Tax | 0

An overview of the IRS’s inflation adjustments for the 2021 tax year.

Tax Benefits of Ownership: tiered tax rates for profits

by ft Editorial Staff | Nov 10, 2020 | Feature Articles, Real Estate, Tax | 0

This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics...

Tax Benefits of Ownership: tax aspects advice

by ft Editorial Staff | Nov 3, 2020 | Feature Articles, Finance, Investment, Real Estate, Tax | 0

The following excerpt is from the forthcoming edition of Tax Benefits of Ownership which gives an overview on a transaction’s tax aspects.

Tax Benefits of Ownership: vacation home sales

by ft Editorial Staff | Oct 26, 2020 | Feature Articles, Finance, Home Sales, Investment, Real Estate, Tax | 0

This excerpt from the forthcoming edition of Tax Benefits of Ownership gives an overview on vacation home sales.

Tax Benefits of Ownership: The §1031 reinvestment plan

by ft Editorial Staff | Oct 20, 2020 | Feature Articles, Finance, Investment, Real Estate, Tax | 0

This excerpt from the forthcoming edition of Tax Benefits of Ownership gives a brief overview of the fundamentals of Internal Revenue Code §1031 reinvestment plans.

Tax Benefits of Ownership: The Mortgage Interest Deduction

by ft Editorial Staff | Oct 8, 2020 | Feature Articles, Finance, Real Estate, Tax | 2

This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics...

Brokerage Reminder: Prop 13 – transactions excluded from reassessment

by ft Editorial Staff | Aug 24, 2020 | Brokerage Reminder, Fundamentals, Investment, Real Estate, Tax, Your Practice | 3

This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.

The unequal property tax burden on Black and Latinx households

by Carrie B. Reyes | Jul 27, 2020 | Feature Articles, Tax | 15

Black and Latinx households pay higher property taxes. Why? And how does this impact California’s housing market?

The cost of a home office deduction

by ft Editorial Staff | Apr 27, 2020 | Real Estate, Tax | 0

What qualifies a real estate licensee to write off home office expenses?

POLL: Are real estate agents permitted to give their clients advice on the tax aspects of a transaction?

by ft Editorial Staff | Nov 11, 2019 | Reader Polls, Real Estate, Tax, Your Practice | 2

Do you believe real estate agents are legally permitted to give their clients advice on the tax...

How 2018 tax changes impact California homeowners

by ft Editorial Staff | Apr 3, 2019 | Feature Articles, Tax | 3

In 2017, the Republican Tax Plan made numerous changes to how everyone reports, deducts and pays...

Today’s homebuyers are wealthier than their new neighbors by necessity

by ft Editorial Staff | Mar 25, 2019 | Home Sales, Tax | 8

New buyers tend to be wealthier than their neighbors.

Tax Benefits of Ownership: Proposition 13 and the transfer of assessed value to a replacement residence

by ft Editorial Staff | Feb 25, 2019 | Real Estate, Tax | 7

This excerpt from the forthcoming edition of Tax Benefits of Ownership delves into the basics of property taxes, 1979’s aging Proposition 13, and a residence purchased as replacement property.

Property tax refunds may now be initiated by the county

by Carrie B. Reyes | Feb 19, 2019 | New Laws, Tax | 2

An individual’s rights to a property tax refund have expanded in 2019.

Same-sex partnerships excluded from property transfer reassessments

by Oscar Alvarez | Jan 15, 2019 | Laws and Regulations, New Laws, Real Estate, Tax | 0

Some same-sex couples may reverse their property tax reassessments after a change in ownership.

The impacts of the SALT deduction cap in California, one year later

by Carrie B. Reyes | Jan 7, 2019 | Feature Articles, Tax | 6

In California, this tax change is going to result in many residents paying significantly higher tax bills.

Tax Benefits of Ownership: Tiered tax rates for profits

by ft Editorial Staff | Oct 22, 2018 | Real Estate, Tax | 0

This excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics of profit reporting on the sale of real estate, including long-term and unrecaptured gains.