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Tax-Saving and Advisory Services for the Real Estate Industry

KROST

The real estate market can be volatile, full of risks and challenges. Real estate professionals should enlist an expert to ensure compliance and navigate the specifics of real estate tax and accounting. Your business will benefit from our wide range of tax, audit, and advisory services.

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Real Estate Business Provision and Initiatives Included in Bipartisan COVID-19 Agreement

KROST

As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. Business owners should watch out for this or speak to their CPA or accountant for more information. New Markets Tax Credit. The new markets tax credit was set to expire on December 31, 2020.

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Letter to the Editor: Life in Public Accounting Doesn’t Add Up For Young Professionals

Going Concern

There was only one time that I saw someone walking out of our office with a frown on their face, and that’s because one of the CPAs told them that they couldn’t commit tax fraud on their farm. Like most public accounting experiences, it has been a mixed bag. He works as a real estate agent, and he’s on track to make 2.5-3x

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Real Estate Related COVID Relief Under the Consolidated Appropriations Act (CAA)

KROST

trillion package that provides additional funding to the PPP program and includes several key provisions that will positively impact the real estate industry. Other Real Estate Related Provisions. Empowerment Zones (EZs) Tax Incentives for areas of high poverty and unemployment were extended through 2025.

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1041 Trust Tax Preparation and the Need for Professional Tax Help

MyIRSRelief

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. The fiduciary of an estate or trust is responsible for filing Form 1041, which is due on April 15th each year (unless an extension is filed).

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KROST Quarterly Magazine: The Real Estate Issue is Now Available!

KROST

The Real Estate Issue highlights some of the hot topics in real estate including 1031 Exchange, Cost Segregation, Opportunity Zones, Qualified Improvement Property, Delaware Statutory Trusts, and Green Building Tax Incentives. Not Sure Where to Find Real Estate Diversification? By Phil Clark, CFP®.

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Anders Names 2024 Partners

Anders CPA

About Jane Maddox – Tax Jane joined the firm in 2011 and has over a decade of experience specializing in tax planning strategies for individuals and privately held businesses involved in real estate development, investment and construction. in Accountancy from the same university. Learn more about Jason Gotway.