2024 Tax Law Changes: What Real Estate Investors Need to Know

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses important things to be aware of as we approach the 2024 tax year. With recent changes to the tax law and ongoing efforts by the government to generate revenue and incentivize economic investment, it's crucial for real estate investors to stay informed. Chris highlights the proactive planning and strong client relationships offered by Better Books Accounting, a real estate tax planning firm. He emphasizes the importance of working with professionals to navigate the complexities of real estate tax and maximize savings. Tune in to learn about the latest tax changes and how they could impact your real estate business. [00:00:00] Introduction and Overview [00:02:14] Corporate Transparency Act [00:05:10] Changes in Bonus Depreciation [00:10:04] Tax Deadlines and Extensions [00:12:19] Importance of Working with a Tax Planner ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team or fill out a contact request form ➤➤ https://www.betterbooksaccounting.co/contact   ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/  LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/  Instagram: https://www.instagram.com/chrismccormackcpa/   → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksREI/featured The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. #2024TaxPlanning #CorporateTransparencyAct #BonusDepreciation #ProactivePlanning #BuildingRelationships #TaxChanges #IRSCode #TaxPreparation #RealEstateInvestmentTips #RealEstateTaxProfessionals #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack