Misconceptions of Real Estate Investing
Posted by Tylynn Guidry on May 23, 2022
Real estate is an investment that requires patience, preparation, and planning.
LGT's Profit Sense
Take Advantage of the 179D Energy-Efficient Commercial Building Tax Deduction
Posted by Jon Wellington, J.D., Principal, State and Local Tax on Jul 9, 2021
Congress originally passed the Section 179D deduction as part of the Energy Policy Act of 2005 in direct response to broader energy usage and energy independence concerns. Section 179D has been...
3 Causes of Delayed Construction and Real Estate Economic Recovery and How to Protect Your Business
Posted by LGT Staff on Jun 14, 2021
Despite the huge national infrastructure bill coming up, construction and new-construction real estate industries have been slower to respond to the expected turnaround. In addition to COVID-19,...
IRS Guidance for Treatment of Rental Real Estate Under Section 199A
Posted by Cory Caddell, Principal, Tax Services on Jan 31, 2020
When it comes to Section 199A advantages under new tax reform, many taxpayers engaged in the real estate industry were left waiting to find out if they would qualify for the benefits. Notice 2019-07...
Personal Casualty Losses Defined
Posted by LGT Staff on Nov 5, 2019
A personal casualty loss results from the damage, destruction, or loss of your property from any sudden, unusual, or unexpected event such as a flood, hurricane, tornado, fire, earthquake, or...
Lease Options
Posted by LGT Staff on Aug 22, 2019
A few years ago, I wrote an article regarding lease options, and it caused quite a bit of fanfare. Due to numerous hits, we feel it’s time for a refresher as well as to dive into a little more...
Is Your Rental Eligible for a Qualified Business Income Deduction?
Posted by LGT Staff on Jul 3, 2019
As we approach the summer months and the Tax Cuts and Jobs Acts is in full effect, we want to provide you with some additional information as it relates to rental real estate enterprises and the...
Will Your Company Survive Your Retirement?
Posted by Lee Ann Collins, CPA, Managing Partner on May 1, 2019
I am Lee Ann Collins, Managing Partner at Lane Gorman Trubitt, and recently I found myself awake instead of peacefully sleeping. The Notre Dame Cathedral in Paris, France was burning, and I watched...
What is an Opportunity Zone?
Posted by Cory Caddell, Principal, Tax Services on Mar 28, 2019
Through the new tax law, the Tax Cuts and Jobs Act (TCJA), an economic incentive program has been enacted to help prop up and foster growth in certain low-income communities. These communities are...
A Brief Q & A with Lance Trammell
Posted by Lance Trammell, CPA, Partner, Assurance Services on Feb 28, 2019
Over the last six months our Construction Industry team here at Lane Gorman Trubitt has been working on producing an informative video series covering the new revenue recognition guidance and how it...