Umbrella insurance can provide extra protection for your real estate investments in the event of a lawsuit. But is umbrella insurance tax deductible? The answer may surprise you. Read on…

H&R Block has become one of the most recognized names in the tax preparation business. The company operates around 12,000 retail tax offices in the U.S., Canada, and Australia and,…

Mark Twain once said that the only difference between a taxman and a taxidermist is that the taxidermist leaves the skin. While that may be a bit of an exaggeration,…

The 3 main reasons for investing in rental property are recurring income, the potential for equity appreciation over the long term, and unique tax benefits.  One of the most significant…

Although the last thing many people want to think about is taxes, it can pay to start planning ahead, especially for investors who own rental property in their portfolio. While…

One of the many benefits of owning a rental property is being able to deduct normal operating expenses from gross rental income to reduce taxable net income. Utilities are generally…

Some of the most well-known duos and combos in the world include bread and butter, peanut butter and jelly, car and driver, and yin and yang.  To this list, a…