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Your Taxes Depend on Whether You are a Real Estate Investor or Dealer

By MarksNelson on September 27, 2016 in MarksNelson in the News, Real Estate, Sarah Schiltz CPA, MSA

Kansas City Business Journal, Your Taxes Depend on Whether you are an Investor or Dealer, September 27, 2016

The world of real estate is becoming more competitive, and investors, dealers, and developers are adapting to a networked and plugged in society. Deals are occurring at a fast pace often fueled with more information that just market value.

One of the more challenging questions arising from transactions is whether a taxpayer is an investor or dealer. The answer could have a significant impact on your tax liability.

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MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.