TAX BENEFITS: UTILIZING A LIMITED LIABILITY COMPANY IN A REAL ESTATE VENTURE.

Date Published: Feb 09 San Francisco Business Times A limited liability company (LLC) combines certain advantages of corporations and partnerships. Like a corporation, an LLC and its members may enjoy asset protection benefits and personal liability protection from its creditors. For taxation purposes, the IRS classifies an LLC as a...

How to deduct unlimited real estate losses against other income while avoiding the pitfalls of tax laws.

Much of this post was originally posted in the San Francisco Business Times in December 2008 Qualifying and claiming the Real Estate Professional Tax Status allows passive losses to be deductible against ordinary income on tax returns without limits, dramatically lowering tax bills. Moskowitz LLP is a one-stop shop for...