The Military Landlord Series #3: Depreciation Errors

Depreciation is often a new concept for landlords and unfortunately many landlords, experienced and inexperienced, have mistakes in this area of taxes.  Depreciation can be defined as “a reduction in the value of an asset with the passage of time, due in particular to wear and tear”. Usually (or maybe often or maybe traditionally, I’m …

The Military Landlord Series #2: Choosing a tax professional.

Often as a taxpayer’s tax situation gets more complicated it starts to make more sense to hire a tax professional. Most people I”ve known who do their own tax prep don’t reference IRS publications and instructions very often and certainly not the tax code directly. But that is what due diligence requires to ensure the …