Real estate success isn’t measured by gross commissions or deal spreads — it’s measured by what you keep.
Whether you’re a producing agent, active flipper, long-term landlord, or developer, your tax strategy should evolve alongside your portfolio. Markets change. Tax laws adjust. But proactive planning remains timeless.
A longstanding assumption about mailing tax returns is no longer reliable — and the cost of getting it wrong is steep.
For years, the rule was straightforward: mail your federal tax return or payment by April 15, and the IRS considers it on time. But U.S. Postal Service operational changes have quietly undermined that assumption, creating a costly trap for taxpayers across the country.
In real estate, structure determines value. The same is true for your tax strategy.
Many agents, developers, and investors unknowingly overpay because their accountants focus on compliance rather than strategy. Tax law evolves. Market conditions shift. But reactive filing remains common — and expensive.
March 16 Employers: Deposit nonpayroll withheld income tax for February if the monthly deposit rule applies. Deposit Social Security, Medicare, and withheld income taxes for February if the monthly deposit rule applies. Calendar-year partnerships: File a 2025 income tax return …
The Retirement Savings Contributions Credit, commonly called the Saver’s Credit, is a federal tax credit designed to encourage low- and moderate-income workers to save for retirement. It provides a dollar-for-dollar reduction of the tax owed, supplementing other tax benefits available for retirement contributions. In recent years, millions of taxpayers have benefited, with the credit averaging several hundred dollars per eligible return.
Many retirement plans now allow taxpayers to make Roth contributions if the plan includes a Designated Roth account. Your plan may also allow in-plan Roth rollovers or loans, depending on its rules.
Every tax season, we’re flooded with ads promising easy filing through DIY tax software and pop-up prep centers. For those with a simple W-2 and no other complications, those tools might work just fine.
But what if your tax situation is a bit more complex? Hiring an accountant or CPA might not only save you time — it could save you thousands of dollars and help you avoid costly mistakes or IRS audits.
Congratulations! If you’re an entrepreneur or business owner on the hunt for an NYC accountant, it’s a sign of growth. It’s also a smart move. In a survey of 393 small business leaders, an accountant was ranked as the most important professional used by their business.
From potential tax savings to improved cash flow, an accountant is worth the investment – if you hire the right one. Before hiring an NYC accountant, ask these 7 questions:
You know about FOMO, or “fear of missing out,” when it comes to skipping a good party. You should also have a very healthy fear of losing out on tax savings. How? By trusting anyone other than a qualified CPA to handle your taxes!
