If you have purchased and/or sold a variety of real estate "investments", you are probably aware of dealer vs investor status. While there are many well known factors the IRS considers during an audit including intent, duration of ownership and frequency of sales, etc., one overlooked area is how you account for each property. This is especially important if you own a variety of holdings with both dealer and investor status. If you are just getting started, let me briefly exp

“Why are we earning much more, but living paycheck to paycheck?” This statement and others like it plague many high earning Americans. I have heard it countless times from people when going over their personal tax return. A couple or individual is now earning well over six figures, but their bank account balances reveal that they have just enough to get by the next month or two. After taking a look at their change in lifestyle and spending habits, it becomes apparent why so m