The Metro Blog

Sharpen your knowledge on real estate. Read articles recommended by MREIA President, Dan Schwartz. 

Single Member  vs. Multi-Member LLC

By default, a limited liability company is treated under the federal tax rules as a partnership if it has two or more owners ("members"). If it has one member, it is "disregarded" for Federal income tax purposes, (Treas. Reg. Sec 301....

April 25, 2019

IRS audits (officially called "examinations") is a popular horror-story topic. Although it's true that they are far from pleasant experiences, there's no reason to lose your sleep - even if you are targeted. It's likely going to cost you some money, time, and nerves, b...

March 10, 2019

1. Depreciation is most similar to:

A. Depression
B. Free gift from Uncle Sam
C. Loan
D. PMI payments

2. Depreciation recapture:

  1. Is a new thriller starring Bruce Willis

B. Applies to commercial properties only
C. Applies to all depreciated properties
D. Applies even...

March 10, 2019

A non-owner employee can be reimbursed for expenses associated with an over-night business trip by either providing actual expense receipts or using a “per diem” rate. They can always submit their actual expenses and receipts or they can use a per diem that includes lo...

January 18, 2018

Handling tax issues with a rent-to-own home can cause some tension between the landlord and tenant. You’ll want to have all the details before you make your next move.

Q. I’ve been renting-to-own a home for a little over a year now. The owner of the home told me he woul...

November 1, 2013

As an investor or business owner, you are always looking for ways to pay less taxes, right? Well, you may be missing on the most important one of all. It’s simple, it’s right in front of you, and it can save you thousands of dollars! It is called keeping good records.

W...

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