Rental Properties
Rental property can be a very good investment. If you have a rental house or condo, we can handle your tax filing for your rentals right along with your personal 1040 tax return.
With a rental property it is important to handle expenses and depreciation properly. Some expenses can be written off immediately. Others need to be "capitalized" and depreciated over several years, and the number of years varies based on the type of expense. We'll get it right for you, with all your revenue & expenses handled by the book.
Rentals held in an LLC or S Corp
Some clients choose to hold rental properties inside of an S Corporation or Limited Liability Company. Either way, we can get your taxes filed for your rentals in or outside an S Corp or LLC.
Rentals in Foreign Countries
Taxes for rental properties in foreign countries are a little different. You may need to pay tax on rental income in the foreign country, which needs to be handled properly on your US income tax return. In some cases you may receive a foreign tax credit that may need to be carried forward to future years and we can handle all of that for you.