by danr | Apr 20, 2017 | Real Estate Law, Tax Planning
By: Tamara Pow, Esq. For anyone who is currently invested in real estate or is considering doing so, whether you intend on moonlighting as a real estate professional simultaneously with your day job, or transmitting away from your current profession into the field of... 
by danr | Oct 19, 2016 | Corporate and Business Law, LLCs, Tax Planning
By: Tamara B. Pow, Esq. On December 8, 2015 I published a blog about new federal partnership tax return filing deadlines . At that time, the IRS had just announced that partnership and S corporation returns will be due 2 ½ months after year end, or on March 15 th if... 
by danr | Jul 27, 2016 | LLCs, Tax Planning
By: Tamara B. Pow Will you be denied a deduction for your share of LLC losses? You may have pass through losses from your LLC membership interes t , but that does not mean you can deduct them against your personal taxes this year. Understanding the limitations on... 
by danr | Jun 8, 2016 | LLCs, Tax Planning
By: Tamara B. Pow Even though we are not even halfway through the year, it is already time to pay your LLC gross receipts fee. LLCs classified as partnerships or disregarded entities are required to estimate their total annual income, and pay an estimated LLC fee by... 
by danr | Jun 1, 2016 | LLCs, Tax Planning
By: Tamara Pow One of the major considerations in determining the right entity for a business is how it is taxed. There are major differences in the taxation of owners in corporations that pay their own corporate income taxes and owners in pass through entities. Like... 
by danr | May 23, 2016 | LLCs, Tax Planning
By: Tamara Pow Your gift or sale of an LLC interest to a family member may be disallowed for tax purposes. If you are gifting or selling a limited liability company (“LLC”) interest to a family member, you must keep in mind the requirements of Internal Revenue Code...