Forming an LLC for rental property ownership is a popular strategy among real estate investors, but with popularity comes a fair share of myths and misconceptions.
Tax Strategies
Expert insight on decoding the Internal Revenue Code (IRC) for real estate investors, traders, and business owners. If you want to learn tips and strategies to maximize your tax savings, like knowing what deductions you can take, how to avoid capital gains, reducing your tax liabilities, or simply get highlights from the Tax Tuesday webinar, our tax attorneys and Certified Public Accountants (CPAs) have the information for you keep more money in your pocket.
Owning rental property is a smart investment—maximize your returns by optimizing tax deductions. Key deductions include mortgage interest, property taxes, and repairs. Strategies like home office deductions and cost segregation, paired with thorough record-keeping, can significantly reduce your taxable income while staying compliant with IRS guidelines.
Anderson Advisors offers complete entity management services, including registered agent support, corporate compliance, and nominee services for privacy and protection. Trust our team to create, maintain, and safeguard your business across all 50 states.
Many business owners overlook how their personal residence can reduce taxes. By strategically using your home for business, you can access significant write-offs. Here are key strategies to unlock the tax-saving potential of your home.
Updated March 16, 2023 Paying taxes is no fun. Fortunately, there are many tax-free investment options available, each with their own unique set of benefits. Choosing the right investment strategy depends on your specific goals, values, and finances. Let’s look...
Updated March 16th, 2023 You’ve probably heard a lot about the transition to green energy sources lately. Included in that upheaval is driving electric vehicles instead of gas powered cars and trucks. To incentivize this change and accelerate its progress,...