Jennifer Grammer, CPA, Supervising Senior, Tax Services

With more than five years of professional accounting experience, Jennifer has proven her extensive knowledge within our tax department. Jennifer has specialized her efforts within the commercial real estate industry, along with proficiency in estate, gift and trust returns, and high-net worth individuals. Some of her current responsibilities include the preparation and review of individual, corporate, and partnership income tax returns, as well as state income and franchise tax returns. She also supervises and trains our current tax staff, along with working with her client to research any additional tax issues.

Recent Posts

Gift and Estate Taxes Are Changing

As many of you may already know, there was a significant increase in the lifetime exclusion for Estate and Gift taxes. Lets break it down.

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Topics: Tax, TCJA, gift tax, estate tax

Recent legislation encourages low income developments

Both the Tax Cuts and Jobs Act ("TCJA") and Congress’s massive new spending package received widespread media coverage, but a couple of provisions that incentivize investments in low income housing have largely gone under the radar. One provision in the tax law offers significant tax breaks for investors looking to defer or abate capital gains taxes, while the spending bill boosts the Low Income Housing Tax Credit ("LIHTC").

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Topics: Real Estate, Accounting Tips, Tax, IRS, consulting

Documentation matters in real estate professional exception

You would normally be right if you thought a dentist could not qualify as a “real estate professional”, allowed to deduct rental real estate losses — after all, the IRS thought the same thing. In this case you would be wrong, though. The U.S. Tax Court found that a dentist who also operated a real estate business qualified for the real estate professional exception, based largely on his extensive documentation of the hours he’d spent.

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Topics: Real Estate, Tax

How Real Estate Can Reduce Your Tax Obligation: Home office deductions

Do you ever work from home?

If your use of a home office is for your employer’s benefit and it’s the only use of the space, you generally can deduct a portion of your mortgage interest, property taxes, insurance, utilities and certain other expenses. Further, you can take a deduction for the depreciation allocable to the portion of your home used for the office. Note that you will recover the cost when you sell your home, so you should be sure to keep track of any depreciation taken. You can also deduct direct expenses, such as a business-only phone line and office supplies.

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Topics: Real Estate, Accounting Tips

Planning for the AMT: A proactive approach can limit your tax liability

If you’re hoping to minimize your 2015 tax bill, it’s critical to start planning now. This is especially true if you’ve ever come close to triggering the alternative minimum tax (AMT) and you think you might do so this year.

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Topics: Accounting Tips, Tax