Teresa R. Martin, Esq.’s Post

Hey, friends! 🌼 This week, we're focusing on approaching partners strategically. Whether it's joint ventures or business collaborations, learn how to navigate with confidence. Join the Tax Lien Group for expert insights. Join Now ~ https://lnkd.in/gV4dvWaY But what exactly are tax lien certificates? In a nutshell, they’re a way for investors to earn interest on delinquent property taxes owed by homeowners. When a homeowner fails to pay their property taxes, the local government may sell a tax lien certificate to an investor. This certificate gives the investor a right to collect the unpaid taxes, plus interest and fees, from the homeowner. #TaxLienGroup #StrategicPartnership #RealEstateInvestors #WomenInRealEstate #RealEstateBusiness #HouseInvestors #WomenInvestors #PropertyInvestors #RealEstateAssociation #RealEstateInvestingCoach #RealEstateEntrepreneur #RealtorInvestors #InvestorsForBusiness #HousingInvestors #LandInvestors #RealEstateConsultant #RealEstateInvestmentAdvisor #FemaleInvestors #RealEstateNY #ApartmentInvestors #HomeBuyerInvestors #LearnRealEstateInvesting

Financial Planning Value Add: A financial planning client owns two homes (primary and rental) but hadn't applied for the homestead exemption for their general residence. This was discovered by looking up their property tax history on the appraisal district website. By sending them the application link to e-sign, they are receiving a retroactive ~$5,000 property tax refund, which covers their entire financial planning fee. It's amazing how the small blind spots in planning add up! #BeyondInvestments

At IRS Help, Inc. we work with Real Estate Professionals and their clients to resolve tax issues that may hold up a sale or purchase. 800-IRS-HELP. ✔ It's what we do. ✔ #irshelp #taxadvisory #realestateadvice

It's #TaxTipTuesday and today we're talking real estate. (Specifically, a Section 1031 Exchange.) Section 1031 is a swap of real estate properties that allows you to defer capital gains taxes on investment properties (not properties for personal use). This strategy allows real estate companies to continue growing their portfolios without incurring immediate tax liabilities. It essentially frees up more capital for investment. To implement Section 1031 compliantly: - The property must be identified in 45 days, and the transaction must occur within 180 days - You must notify the IRS of the exchange with Form 8824 - A qualified intermediary (QI) must be used to facilitate the sale and the hold the sale proceeds until the new property is purchased ^ There are other important stipulations to using Section 1031 in addition to those above. So you should work with a tax advisor like CJBS before using it for your own real estate portfolio. As always, our team is here to help.

Tax benefits to owning real estate...

🚩 Common Title Issue: Unpaid Property Taxes 🚩 Did you know that unpaid property taxes can put your real estate transaction at risk? What It Means: If previous owners didn’t pay their property taxes, the government could place a lien on the property, meaning the new owner might be responsible for paying off that debt before taking full ownership. ✅ How We Help: Our thorough title search will uncover any unpaid taxes or liens, and our team will work diligently to resolve these issues before closing. With title insurance, you’re protected from unexpected costs that could jeopardize your investment. Have questions? We're here to ensure your transaction is smooth and secure. Contact us today! #TitleInsurance #RealEstateTips #UnpaidTaxes #HomeSelling #RealtorResources #SmoothClosings

Changes in Capital Gain Taxation on Properties and Land Everyone knows the changes in the rules of capital gain taxation on properties and land. If your property is purchased before 23rd July, you can take 20% with indexation or flat 12.5% tax slab benefit. But let's clear some terms and conditions here. This functional option is only available to individuals or HOF. No private limited company, LLP, partnership firm will be given this option. Lastly, if you have any loss on capital gain, you cannot carry forward or set off that loss. You will have to consume that loss. But you cannot set it off with other income as you could have done earlier. Lastly, this law is not applicable on mutual funds and shares. This option is only applicable on property and capital gain land. #CapitalGainTax #PropertyTax #TaxSlabs #IndividualTaxation #RealEstate

T or F – Capital gains tax Ready for a round of Real Estate Trivia? Today’s question: The 1031 Exchange lets you dodge capital gains taxes like Neo dodges bullets in The Matrix, by swapping one investment property for another. True or False? 🏢↔️🏢 1️⃣ Team True: You’ve done your homework! Give yourself an A+ in real estate finance. 📚👍 2️⃣ Team False: Thanks for playing, but you might wanna check the rulebook again. 📖👀 Drumroll, please… It’s TRUE! The 1031 Exchange is the real estate investor’s secret handshake for deferring those pesky capital gains taxes. 🤝💸But, always consult your tax guru before making any big moves. Blair Newman DRE# 01459316 ☎️562-822-6532 ✉️blair@newmanteam.com #RealEstateTrivia #CapitalGainsTax #1031Exchange #TaxDeferralStrategy #RealEstateFinance #TriviaTrueOrFalse #InvestmentProperty #TaxPlanning #TaxGuruConsultation

Selling a residential property? Navigating Capital Gains Tax (CGT) can be tricky. From online account access issues to payment misallocations and delays with paper returns, there are several common administrative pitfalls to be aware of. Read our latest blog to ensure you're fully prepared and avoid potential complications. Our expert tips can help you manage your CGT obligations smoothly. 👉 https://lnkd.in/e3TiJJ8V For personalised advice, contact our Tax Advisor, Ben Haslam. #CapitalGains #Critchleys

CRUT’s, CLAT’s, GRAT’s, SLAT’s, GST’s and OZ’s. These are… …Acronym’s you’ve probably never heard.  …Acronym’s your advisors probably only read. …Acronym’s that could help defer and optimize your tax and estate planning goals. Goals you probably didn’t even know you had. Selling a business? Have large capital gains? Selling Real Estate? Have high W-2 income? Most advisors are knowledgeable about Roth conversions and optimizing distributions from a tax perspective. Everything else is deferred to a CPA or estate planning attorney. With no leg work (from the advisor), purely knowing solutions like these exists plus the costs of professional help are huge hurdles for clients. Atlas Private Client has the expertise and technology to differentiate ourselves and help more and more clients with optimal solutions to their estate and tax problems. Message me to learn more.