There are ways to structure transactions to avoid income taxes. Creative taxpayers and tax attorneys have used qualified retirement accounts for this purpose (the tax savings from ESOPs is an example). One has to be careful when structuring transaction…
Those who trade stocks can take advantage of the mark-to-market election to convert capital losses into ordinary losses. This election is only available to “traders.” There are often questions as to when a taxpayers trading activities are s…
When you record an accounting transaction, you need to make a debit to one account and a credit to another. […]
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Section 1031 exchanges are not new. But the rules have changed over time. A Section 1031 or like-kind exchange is […]
The post Accounting for 1031 Like-Kind Exchange appeared first on BKPR.
Investing in real estate has been one way to build wealth. And it makes sense to buy real estate even […]
The post Why It Still Makes Sense to Invest in Real Estate appeared first on BKPR.
Are you renting a property or equipment for your business? Accounting for a lease can be tricky given the recent […]
The post How to Record Operating Lease vs Capital Lease in Quickbooks appeared first on BKPR.
Quickbooks is a convenient tool for real estate businesses. Since there are many types of businesses in real estate, your […]
The post How to Use Quickbooks for Real Estate: The Basics appeared first on BKPR.
Are you selling real property with plans of buying a new one of the same kind? If so, you may […]
The post What is the Like-Kind Exchange Form 8824 All About? appeared first on BKPR.
Are you a U.S. shareholder of a foreign corporation? If you have been diligently filing all your returns and disclosures, […]
The post Form 5471: What Is It and Do You Need to File One? appeared first on BKPR.
If you’re a business owner, you probably know about Form 941. But if it’s your first time to start a […]
The post What Every New Employer Needs to Know About Form 941 appeared first on BKPR.