Dive deep into a niche yet powerful facet of the tax code that every high-net-worth individual should know about.
The Real Estate Professional Status (REPS).
Tailored for affluent real estate investors and those looking to enter the space, this podcast provides a comprehensive guide on how to qualify for REPS and harness its benefits to supercharge your investments.
Through engaging, conversational interviews with tax experts and seasoned investors, we unravel how REPS impacts real estate depreciation and offer strategies to optimize your tax bracket.
Whether you’re a seasoned investor or just starting out, this podcast is your ultimate guide to understanding and leveraging the Real Estate Professional Status.
Join us as we shed light on a topic that, until now, hasn’t been explored in-depth, and unlock the secrets to maximizing your real estate investment potential.
All content for The Real Estate Professional Status is the property of Asher Fried and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Dive deep into a niche yet powerful facet of the tax code that every high-net-worth individual should know about.
The Real Estate Professional Status (REPS).
Tailored for affluent real estate investors and those looking to enter the space, this podcast provides a comprehensive guide on how to qualify for REPS and harness its benefits to supercharge your investments.
Through engaging, conversational interviews with tax experts and seasoned investors, we unravel how REPS impacts real estate depreciation and offer strategies to optimize your tax bracket.
Whether you’re a seasoned investor or just starting out, this podcast is your ultimate guide to understanding and leveraging the Real Estate Professional Status.
Join us as we shed light on a topic that, until now, hasn’t been explored in-depth, and unlock the secrets to maximizing your real estate investment potential.
Navigating REPS Audits: Insights from a Former IRS Agent
The Real Estate Professional Status
48 minutes 3 seconds
1 year ago
Navigating REPS Audits: Insights from a Former IRS Agent
Ever worry about getting audited by the IRS?
Want to know what it's like and how you can best be prepared?
In this fantastic episode we deep dive into the complex realm of Real Estate Professional Status audits
I spoke with Yisroel Jacobovitch, a former IRS agent.
Yisroel brings a unique perspective, having transitioned from an auditor at the IRS to a private practitioner, now assisting clients in navigating the intricacies of audits.
The Real Estate Professional Status is notorious for being a critical area that frequently undergoes intense scrutiny by the IRS.
Yisroel provides a comprehensive overview of the audit process, starting from how tax returns are selected for auditing.
In this episode we discuss
Understanding REPS Audits: Insight into what triggers a Real Estate Professional Status audit and why it's a focal point for the IRS.
Audit Process and Questionnaire: Insights into the step-by-step process of an IRS audit, including typical questions asked and the importance of the initial interview.
Navigating Audit Challenges: Expert advice on how to interact with IRS agents during an audit and effectively present your case.
Preventative Measures and Best Practices: Tips on proactive measures and best practices to minimize the risk of an audit and prepare in case one occurs.
Tune in if you want to claim the real estate professional status without having to worry about getting an audit.
Want to get in touch with Yisroel?
Email: YD@YDJCPA.com
Call: 732-426-1040.
Want to connect with me?
Afried@madisoncres.com
Facebook
Linkedin
Text 908-783-1572
The Real Estate Professional Status
Dive deep into a niche yet powerful facet of the tax code that every high-net-worth individual should know about.
The Real Estate Professional Status (REPS).
Tailored for affluent real estate investors and those looking to enter the space, this podcast provides a comprehensive guide on how to qualify for REPS and harness its benefits to supercharge your investments.
Through engaging, conversational interviews with tax experts and seasoned investors, we unravel how REPS impacts real estate depreciation and offer strategies to optimize your tax bracket.
Whether you’re a seasoned investor or just starting out, this podcast is your ultimate guide to understanding and leveraging the Real Estate Professional Status.
Join us as we shed light on a topic that, until now, hasn’t been explored in-depth, and unlock the secrets to maximizing your real estate investment potential.
