Most individuals and businesses will face tax issues related to owning real estate. Often, their investment in real estate is their biggest dollar investment. PPC’s Guide to Real Estate Taxation can be used to save tax dollars and avoid audit problems by knowing the special rules that apply to real estate ownership.
The Guide addresses a wide range of real estate issues that affect everyone from developers and contractors whose main business is real estate construction or development to individuals whose main concerns are dealing with their personal residence or passing their real estate investments to their heirs without incurring estate taxes.
Real estate taxation is an area where major tax dollars can be saved with up-front planning for the investment. The Guide provides numerous planning tips and information that can aid in determining the most beneficial way to own real property, choosing the most beneficial accounting method, documenting nondealer status, achieving a successful tax-deferred exchange, or maximizing depreciation deductions.
Other features of this Guide that make it a Must Have include: