Needing IRS Real Estate Tax Advice?

IRS Real Estate Tax Advice

Have you ever wondered is there a direct way to get answers to Tax questions related to Real Estate?  Other than hunting the hard way at https://www.irs.gov/ here are some great links that may answer your questions! IRS Real Estate Tax Advice

Since I am a realtor here in Gainesville, I have clients buying and selling real estate in Gainesville that ask questions all the time.  I am hoping this is a great source of info & Tax Tips directly from the IRS!

Tax Tips – Real Estate

This section contains information on topics such as tax credits, rental income and expenses and the sale of your residence.

https://www.irs.gov/businesses/small/industries/content/0,,id=98947,00.html

Avoiding Problems – Real Estate

This section contains important information on recordkeeping and warns you of fraudulent real estate schemes.

https://www.irs.gov/businesses/small/industries/article/0,,id=99035,00.html

Tax Laws and Regulations – Real Estate

This page provides links to recent revenue rulings and court cases, legal determination of business use of the home and regulations for the small business.

https://www.irs.gov/businesses/small/industries/article/0,,id=99237,00.html

Trends and Statistics – Real Estate

This site provides industry specific and general survey results that should be of interest to the small business owner.

https://www.irs.gov/businesses/small/industries/content/0,,id=99264,00.html

Related Links – Real Estate

This page provides you links to sites that have specific information dealing with real estate.

https://www.irs.gov/businesses/small/industries/content/0,,id=99080,00.html

Financial Resources – Real Estate
This section provides you with direct links to many commonly used financial resources for small businesses. https://www.irs.gov/businesses/small/industries/content/0,,id=99096,00.html

Tax Rules for Foreign Investors in U.S. Real Property

The disposition of a U.S. real property interest by a foreign person (transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States for the first time to tax foreign persons on disposition of U.S. Real Property Interests (USRPI).

https://www.irs.gov/businesses/small/article/0,,id=156870,00.html

Call me if you are interested in investing in real estate in the Gainesville Florida area!

Written and Posted By: Chris Bohn, GRI- ABR-ePro– Gainesville FL Real Estate  Copyright © 2007
Chris Bohn, RE/MAX Professionals, Inc., is a Florida Realtor® who specializes in Gainesville, FL and communities in Alachua County, FL