Real Estate Archives - Silver Tax Group

10 Apr 2024

Here Comes The Sun: Your Guide To Solar Energy Tax Credits

Trends come and go, and without a doubt, some are healthier than others. Most people can get on board with the growing trend of yoga and health foods. When it comes to those weird lip challenges, not so much. Fortunately, there are plenty of rising…

06 Mar 2024

Capital Gains Tax And The Sale Of Your Home

Even profits made upon the sale of your home could result in tax consequences. Capital gains tax treatment concerns profits made upon the sale of specific assets and such treatment could involve the sale of your home that you owned for several decades. Capital Gains…

31 Jan 2024

How The Generation-Skipping Transfer Tax Impacts Your Estate Planning

Ever played a game of financial leapfrog, where you aim to jump over one generation to land your assets safely in the hands of another? That’s what it feels like when dealing with the generation-skipping transfer tax. A curious twist on an age-old dance between…

28 Nov 2023

Your Complete Guide To Real Estate Agent Taxes

Real estate continues to be an attractive and lucrative industry, with everyone trying to get a slice of the pie. Real estate agents get an opportunity to receive handsome commissions on the sale of any property. Your profits can be diminished, however, if you’re not…

18 Oct 2023

Kickstart Your Tax Planning: When To Update Your Estate Plan

$33.3 trillion — that’s how much the entire U.S. housing market was worth in 2018. That also represents a whopping $1.9 trillion increase from its total value the year before. With all that money invested in houses alone, owners should at least have an estate…

28 Aug 2023

The IRS Put A Lien On Your House — Now What?

Tax debt can quickly become a significant burden. This sort of debt can even inhibit the enjoyment of owning property you have worked hard to accumulate. Failure to pay your taxes can have serious repercussions in both the short and long term. If you are…

17 Nov 2022

Essential Tax Information First-Time Home Buyers Need To Know

Becoming a homeowner can provide you with many tax benefits. It can also be a tedious process because it involves many steps, from looking over listings to finally closing the deal and getting your keys. For other buyers, the process can be much simpler, it…

06 Mar 2022

Understanding Foreign Rental Property Depreciation And IRS Income Guidelines

Many Americans are now choosing to invest in foreign real estate. Owning a foreign rental property can be a very profitable investment if appropriately conducted. Indeed, international and domestic rental properties are treated very similarly by the IRS. The tax principles and benefits of owning…

06 Mar 2022

How To Get An IRS Home Office Tax Deduction

Whether you work from home full time or just some of the time, you could be eligible for a home office tax deduction from the IRS. Before you claim your deduction on your tax return, it’s essential to understand the guidelines that the IRS has…

06 Mar 2022

The IRS Changes The Rental Real Estate Enterprise

Many taxpayers were uncertain after reviewing Tax Cuts and Jobs Acts section 199A awhile back. 199A states a deduction equal to 20 percent can be taken by a qualified business’ income if it’s operated directly by a taxpayer or through a pass-through entity. There were…