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
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