Audit-Proofing Your Time Logs: Essential Tax Strategies for Real Estate Investors
Discover how real estate investors can audit-proof their time logs to qualify for critical tax benefits like Real Estate Professional Status (REPS). Learn best practices for IRS compliance.
How to Qualify for Real Estate Professional Status (REPS) and Maximize Tax Savings
Learn how to qualify for Real Estate Professional Status (REPS) and unlock powerful tax advantages for real estate investors, including how to meet IRS requirements and avoid common pitfalls.
The Short-Term Rental Loophole: A Strategic Tax Advantage for Real Estate Investors
Real estate investors who engage in short-term rentals (STRs), such as Airbnb and VRBO properties, often struggle to navigate complex tax codes. However, one little-known but powerful provision—the Short-Term Rental Loophole—offers a legal workaround that can drastically reduce tax liabilities while generating substantial passive income. Understanding how this loophole works, and how to structure your rental activity appropriately, is key to maximizing your tax strategy.
How to Be a Great CPA Client: 5 Pro Tips from Your Friendly Tax Firm Communication Manager
Discover 5 insider tips from Cornerstone CPA’s Communication Manager on how to be a proactive, organized, and collaborative client—so you get the most out of your tax advisory relationship.
What is Cost Segregation? A Powerful Tax Strategy for Real Estate Investors
Cost segregation is one of the most underutilized—but incredibly powerful—tax strategies available to real estate investors. If you own income-producing properties, understanding how cost segregation works can unlock substantial tax savings and dramatically improve your cash flow.
Lost in Numbers: A Non-CPA's Adventures Inside a CPA Firm
Discover what it’s like to step into the world of accounting with zero tax experience. A communication and project manager at Cornerstone CPA shares her eye-opening first 30 days inside a CPA firm.
Understanding Tax Basics for Real Estate Investors: Income, Deductions, and Credits
Real estate investing offers exciting opportunities for building wealth, but it also comes with complex tax obligations. Whether you own one rental property or several, understanding how your income is taxed—and what deductions and credits you're entitled to—can significantly affect your bottom line.
Introduction to Real Estate Investing: Key Tax Concepts Every Investor Must Know
New to real estate investing? This guide breaks down essential tax strategies—like depreciation, 1031 exchanges, and entity structuring—that can help you maximize returns and stay IRS-compliant. Whether you're managing a single rental or scaling a portfolio, understanding these key tax concepts is crucial for long-term success.
Unlocking the Power of 1031 Exchanges: A Strategic Tool For Real Estate Investors
Discover how 1031 exchanges can help real estate investors defer capital gains taxes. Learn the rules, benefits, and key court cases that have shaped this powerful tax strategy.