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By Andrew Gradman, Esq. Trusted Advisor at AB FinWright LLP (www.abfinwright.com) and Founder at Gradman Tax (www.gradmantax.com) Introduction This article considers how individuals who call California home (i.e., those who are “domiciled” here) can avoid California income taxation in favor of a lower-tax state, such as Nevada. As background, there are two ways an individual […]
Written by Andrew Gradman, Esq This article describes how individuals who call California home (i.e., who are “domiciled” here) can avoid CA income taxation, in favor of a lower-tax state such as Nevada. This article is not legal advice. Every person’s facts are slightly different; minor variations can lead to very different results; and it […]
By Andrew L. Gradman When a seller is paid over several years, she may be eligible to report some of the gain pro rata with each installment, rather than all at once. See IRC §453(c) (installment method defined). However, the installment method is not always available. In some cases, installment treatment is denied because of […]
By Andrew Gradman Published at www.gradmantax.com on August 17, 2020. This article is intended for general information only and does not constitute legal advice. Every investment must be evaluated on its specific facts, and every investor should seek tax advice tailored to his or her individual circumstances. SUMMARY This article describes an incentive to […]
Deadlines for Qualified Opportunity Zones (IRC §1400Z-2), Like-Kind Exchanges (IRC §1031), Deadlines for Involuntary Conversion (IRC §1033), Deadlines for Low-Income Housing Tax Credits (LIHTC): the final part of a six-part series titled Real Estate Tax Tips During the Coronavirus Pandemic which describes selected deadline extensions and tax refund opportunities relating to real estate and the coronavirus pandemic.
Business Interest Limitation & Method for Amending Returns: the fifth of a six-part series titled Real Estate Tax Tips During the Coronavirus Pandemic which describes selected deadline extensions and tax refund opportunities relating to real estate and the coronavirus pandemic.
Depreciation of Qualified Improvement Property (QIP): the fourth of a six-part series titled Real Estate Tax Tips During the Coronavirus Pandemic which describes selected deadline extensions and tax refund opportunities relating to real estate and the coronavirus pandemic.
Limitation on Excess Business Losses (IRC §461(l)): the third of a six-part series titled Real Estate Tax Tips During the Coronavirus Pandemic which describes selected deadline extensions and tax refund opportunities relating to real estate and the coronavirus pandemic.
Net Operating Loss (NOL) Carrybacks (IRC §172): The second of a six-part series titled Real Estate Tax Tips During the Coronavirus Pandemic which describes selected deadline extensions and tax refund opportunities relating to real estate and the coronavirus pandemic.
Introduction and overview of disaster relief provisions: The first of a six-part series titled Real Estate Tax Tips During the Coronavirus Pandemic which describes selected deadline extensions and tax refund opportunities relating to real estate and the coronavirus pandemic.
