For those looking to purchase a 2-4 unit building in Chicago, one of the most important variables to accurately forecast is the ap...

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In this article, I look to cover the basic elements of Unrelated Business Income Tax (UBIT) and Unrelated Debt Financing Tax (UDFI...

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The IRS encourages you to hire your family members in your business. What this can do is shift income from a higher tax bracket to...

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Have you ever read about lottery winners who win millions and decided to take the lump sum now versus the installments over more t...

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In the tax world, I’ve already noted that there’s been quite a few changes in recent years. One change that I haven&rs...

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Earlier this month I was fortunate enough to attend Biznow’s “Chicago State of the Market.” The half-day event f...

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Most real estate investors, especially when just starting out, use personal credit to obtain conventional loans to buy rental home...

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I haven’t gotten the chance to discuss fix and flips quite yet. My apologies to the fix and flip real estate investors for t...

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The tax world is ever-changing with our complex set of laws, oftentimes yearly. That is why it’s important to stay on top of...

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In this article, I will be discussing the basics of passive activity losses (PALs). This is a very complicated area within the tax...

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