Business Taxes

Rental Real Estate Activities

By |2020-01-06T09:49:56-08:00December 30th, 2019|Business Taxes|

Taxpayers who engage in renting real property have multiple accounting, tax and legal issues that should be considered.  To reap the highest benefits from the activity it is in your best interest to talk with a professional who is knowledgeable and objective. One of the tax topics to be evaluated is the qualified business income [...]

Net Investment Income Tax

By |2020-01-06T09:48:59-08:00December 23rd, 2019|Business Taxes|

What is the Net Investment Income Tax? In general, investment income includes, but is not limited to: interest, dividends, capital gains, rental and royalty income, non-qualified annuities, passive activity income and income from businesses involved in trading of financial instruments or commodities.  The tax is 3.8% on such income. Who is subject to it? A [...]