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Real Estate News Releases
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(EMAILWIRE.COM, April 14, 2010 ) Detroit, MI -- On April 20, 2010, Mr. Ed King MBA, CPA and Director of Small Business Services at Wayne State University for the last 30 years will be presenting a webinar, “How to Run a Profitable Real Estate Business During a Recession.” He will be talking about many of the strategies he learned while consulting with Fortune 500 companies and how to apply those strategies to the real estate business.
He will discuss the 10 most common problems in running a real estate business and their solutions. Mr. King will provide many tax tips including how to take more more than the $25,000 passive limit on real estate.
Until 1986, rental property losses could shelter any form of income. If you owned enough real estate, you didn’t have to pay any income tax. It became clear to Congress that high marginal rates and the prevalence of tax shelters were causing taxpayers to lose faith in the federal tax system. This was due to a perception that it was unfair and that taxes were paid only by the naïve and unsophisticated.
Congress lowered the boom. The thrust of passive loss limitation was to prevent you from offsetting losses from passive activities against compensation income and income from your investments (e.g. stocks, mutual funds, CDs). The passive limitation general rule allows you to deduct only passive losses from passive income generated in the same year. They also decided to limit the losses that you can claim on your real estate investments to $25,000 per year, and even that is phased out if you are making adjusted gross income over $100,000.
One of the secrets that Mr. King will talk about is how to get more than the $25,000 deduction per year. He says, “It is simple once you know the facts.”
He will also discuss:
• How an LLC can cost you an additional $4,500 a year in federal taxes.
• How to pay for your children’s education, automobiles, and weddings in after-tax dollars.
• How to dramatically increase the amount of depreciation you can take on your home, if you decide to rent it out.
• How to write off land and fully depreciated assets on your tax return.
• And, much, much more.
Mr. King will be interviewed by Mark Maupin, one of the leading real estate gurus in the Detroit area. If youÂ’d like to listen to this free webinar, register at http://megaeveningevent.com/real-estate-event-details.php?id=284
Contact:
Mark Maupin
248-939-6232
This press release was submitted by Right Now Marketing Group, LLC
National Real Estate Network, LLC
Mark Maupin
248-939-6232
maupin.mark@gmail.com 
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