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Top Strategy for Real Estate Investors – Maximize Depreciation Deductions and Reinvest the Savings
One of the most powerful tools available to real estate investors is depreciation—a non-cash deduction that shelters rental income from...

Todd Phillips
May 123 min read


Tax Credits - What to Know and Why Credits are Better than Deductions
When it comes to paying less tax, credits are far better than deductions . Full stop. While deductions reduce your taxable income ,...

Todd Phillips
Apr 74 min read


Q: What is the QBI Deduction?
The Qualified Business Income (QBI) deduction—sometimes called the Section 199A deduction —lets eligible pass-through business owners...

Todd Phillips
Apr 33 min read


1031 Exchanges: The Ultimate Tax Strategy for Real Estate Investors
Real estate investment can be a powerful wealth-building tool, but the tax implications of selling investment properties can...

Todd Phillips
Mar 318 min read


Can I Rely on my Tax Preparer if I get Audited?
The short answer is no - you take responsibility for what's on your tax return. It’s one of the most common misconceptions in tax: “My...

Todd Phillips
Mar 275 min read


IRS Audit Risk: The Real Story
Again - so much bad information floating around about IRS Audits. Here is an article with references to the real statistics. The risk of...

Todd Phillips
Mar 2619 min read


What are Deductible Business Expenses?
Social media is full of influencers claiming their G-Wagon is “100% deductible,” their Botox is a business write-off, and their latest...

Todd Phillips
Mar 248 min read


Real Estate Professional Status: Understanding it Once and For All
Every week, I speak to real estate investors who misunderstand the rules around Real Estate Professional Status—and sometimes miss out on...

Todd Phillips
Mar 177 min read


Trumps Speech on March 4 Hints at New Tax Cuts
In President Donald Trump's March 4, 2025, address to Congress, he outlined several tax-related initiatives. Below are the verbatim...

Todd Phillips
Mar 51 min read


Self-Canceling Installment Notes (SCINs): A Powerful Wealth Transfer Strategy
For business owners and real estate investors looking to transfer wealth without triggering capital gains tax or adding assets to their...

Todd Phillips
Mar 43 min read


House and Senate Advance Diverging Budget Resolutions as Trump Calls for ‘One Big Beautiful Bill’
It appears that the path to “One Big Beautiful Bill” took a big step forward, but isn’t quite done yet. On February 25, 2025, the House...

Todd Phillips
Feb 262 min read


IRS to Layoff 6,000 or More Staff: A Closer Look at the Implications
UPDATE: Third Chief in two months to take over at IRS, more here. With the upcoming tax season on the horizon, these layoffs are raising...

Todd Phillips
Feb 242 min read


Reducing Concentration Risk and Increasing Diversification with an UPREIT
Many real estate investors build wealth by holding a few high-value properties. While this strategy can generate strong returns, it also...

Todd Phillips
Feb 233 min read


I Can't Sell My Real Estate, The Tax Bill Would Be Too High
For many real estate owners, selling their property outright is a non-starter. Not because they don’t want to cash out, but because of...

Todd Phillips
Feb 234 min read


Q: How Can I Take Advantage of the REIT Structure to Recapitalize My Real Estate?
The short answer: REITs can be a great tool for investment real estate owners when solving for maturing debt. The arrangement can...

Todd Phillips
Feb 232 min read


How Does My Inventory Accounting Method Impact My Taxes?
Inventory isn’t just a business asset—it’s a tax strategy waiting to happen. The way you track your inventory can significantly impact...

Todd Phillips
Feb 214 min read


BOI Reporting is Back – And This Time, It’s Unlikely to Go Away
For months, businesses have been caught in a regulatory whiplash over Beneficial Ownership Information (BOI) reporting under the...

Todd Phillips
Feb 212 min read


Understanding the Section 1015 Trust: Assets Not Included in the Taxable Estate
A Section 1015 Trust is a strategic estate planning tool used to transfer wealth outside of an individual’s taxable estate. Unlike a...

Todd Phillips
Feb 144 min read


Capital Gains Tax Strategies to Lower Your Tax Bill
Capital gains taxes can take a significant bite out of investment profits, but with careful planning, investors and business owners can...

Todd Phillips
Feb 63 min read


Q: What are Low Income Housing Tax Credits and How Do They Work?
A: The Low-Income Housing Tax Credit (LIHTC) is easily the most powerful funding mechanism for developing affordable rental housing in...

Todd Phillips
Feb 13 min read
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