Insights & Resources

Earn tax-free income under the Augusta Rule which allows homeowners to rent their property for up to 14 days annually without reporting income.

Homeowners can boost financial gains when selling their home. We explore capital gains exclusions as a tax-saving tool and eligibility requirements.

Your real estate tax status as a dealer or investor impacts tax rates. Learn key IRS factors, court cases and tax strategies to minimize liabilities.

Many real estate businesses have a modified interest expense limitation due to the TCJA, but real property could be a bypass. Learn more here.

Strategic property basis allocation focusing on land and building depreciation enhances real estate value while maximizing tax benefits for investors.

In the oil and gas industry, an asset might be sold outright or as a disregarded entity, which is treated the same for federal income tax purposes.

Tangible property regulations define how repairs/improvements are treated for tax purposes, affecting deductions and the management of real estate.

Received a Schedule K-1 with upstream oil income? Learn the five key steps to ensure accurate reporting, including deductions for IDC, depletion and asset sales.

Learn about depletion deductions for oil & gas investors. Understand percentage and cost depletion, key tax benefits and the impact on taxable income.

Selecting an entity type in real estate is often decided by issues like tax flexibility. Here are some of the key considerations to keep in mind.

IRS Notice 2024-52 confirmed the Marginal Well Credit applies in 2024, offering $0.77 per Mcf for qualified natural gas from marginal wells.

Discover how gas stations with c-stores qualify for bonus depreciation under the retail motor fuel outlet exception.