About jzfinancialcoach@gmail.com

This author has not yet filled in any details.
So far jzfinancialcoach@gmail.com has created 5 blog entries.

Why is Depreciation Recapture on the sale of a rental property required if depreciation was never taken?

I received this question on social media. I answered it and will answer here, with the standard disclaimer that you shouldn’t take this as tax advice for your particular situation, but as information on where to start getting what you need to make a determination for your particular tax situation. Know that tax laws change [...]

By |2024-06-06T17:10:35+00:00June 6th, 2024|Rental Property, Taxes|0 Comments

They said you should start an LLC. Part A.

I hear it again and again. You should start an LLC (Limited Liability Company) for the tax benefits. You should put a rental property under an LLC for the tax benefits. Let’s talk about the tax benefits of having your rental property or business owned and operated by a Single Member LLC (SMLLC). The cost [...]

Depreciation Recapture for Military Landlords: The Good, Bad, and the Ugly.

***This article is focused on federal law, the laws in your state may differ.  The concepts presented here are simplified, written for common situations, and may not fully address your tax situation. This article should not be taken as tax advice for your tax situation. It is written for informational purposes only. **** Depreciation is [...]

By |2023-09-12T23:07:02+00:00September 12th, 2023|Taxes|0 Comments

More fun with LLCs: The Corporate Transparency Act

Yay! More laws, just what we all wanted. The purpose of the Corporate Transparency Act (CTA) is to reduce terrorist financing, money laundering, and other illegal activities. Like most of you I am 100% confident that it will be effective in stopping those things. The CTA was signed into law in 2020 and goes into [...]

By |2023-09-12T23:05:34+00:00September 12th, 2023|Business Taxes, MTEA News, Tax News, Taxes|0 Comments

Why we are here

I have the honor to write this first article for the Military Tax Experts Alliance website, miltiarytaxexperts.org. We should have created the Military Tax Experts Alliance much sooner. Maybe we could have prevented all those times we’ve seen tax returns messed up because the preparer didn’t understand how military life impacted taxes.  The good news [...]

By |2023-09-12T23:04:04+00:00September 12th, 2023|MTEA News, Tax News, Uncategorized|0 Comments
Go to Top