Evolution of Real Estate Trends & Tax Implications

In this episode, host ⁠Tim LeMasters⁠ is joined by ⁠Dave McGuire⁠, a shareholder at McGuire Sponsel, to delve into the intricacies of tax planning and real estate trends.

In 1980, Florida passed a law called the Truth in Millage (TRIM) Act. This law was designed to inform taxpayers how much they pay in property taxes, how much they are currently being assessed on their property and to which governmental entity they are paying their taxes.

Join us to discuss the proposed changes to Form 6765 and the impact it could have on businesses claiming the R&D Tax Credit. David Seibel and Tanner Niehaus will provide updates on the latest guidance and strategies for CPAs and taxpayers to utilize in preparation for tax year 2024 filings.

Appealing your property taxes can be a foreign concept to many taxpayers. It involves specialized rules, tax laws, different approaches to valuation, negotiations with government officials, and presenting evidence at a public hearing.

In his latest piece in Forbes, Dave McGuire discusses the rising office vacancy rates since the pandemic, leading to economic challenges in urban areas, and the growing trend of converting vacant office spaces into multifamily housing.

In this episode, hosts ⁠TJ Sponsel⁠ and ⁠Dave McGuire⁠ discuss leveraging tax planning in the current challenging real estate climate.

In his latest piece in Accounting Today, Dave McGuire discusses leveraging depreciation to mitigate tax legislation uncertainty.

A cost segregation study can be an extremely beneficial tax planning tool; however, it is often an afterthought rather than a proactive conversation. A reactive approach is often acceptable but does not come without its dangers.

This Tax Season has been marred by confusion over many specialty tax issues. Join Dave McGuire and TJ Sponsel as they discuss how the delay of passage of the Tax Relief for American Families and Workers Act is affecting 174 amortization, bonus depreciation, and 163(j), leaving many CPAs and their clients in limbo.

In Georgia, all real estate is taxable unless specifically exempted by law. Real estate includes land, buildings, improvements to land, and manufactured homes affixed to land and considered real property.