|Statement||co-sponsored by the Section of Taxation"s Committee on Real Estate Tax Problems and the Section of Real Property, Probate and Trust.|
|Contributions||American Bar Association. Meeting, American Bar Association. Section of Taxation. Committee on Real Estate Tax Problems., American Bar Association. Section of Real Property, Probate, and Trust Law.|
|The Physical Object|
|Pagination||1 v. (various pagings)|
The textbook contains the essentials of real estate principles, law, and practices taught in real estate schools and colleges across the country, including all those fundamentals that real estate educators, practicing professionals, national testing services, and state licensing officials agree are necessary for basic competence. Principles of Cited by: 2. You can skip this recommendation if you're a home filer unless you’re looking for a good bedtime story. Tax pros, on the other hand, will find the th edition of this book an invaluable resource. It’s meticulously researched and provides the most up to date and legally sound insider explanation of the U.S. tax . Principles of Real Estate Accounting and Taxation combines both accounting and taxation within one book specific to commercial real estate. The book is relevant to students of real estate as well as investors, developers, brokers, lenders, accountants, lawyers, and others working in the commercial real estate . explains the principles of AS9 in the context of real estate projects. It stands to reason that the income for purposes of taxation cannot be different from what is computed in accordance with the common principles of commercial accounting.
Estimating the value of real estate is necessary for a variety of endeavors, including financing, sales listing, investment analysis, property insurance, and for most people. In contrast, traditional tax accounting course note concentrate on administrative issues while ignoring the richness of the context in which tax factors operate. The objective of this note is to bridge this gap by providing a framework for recognizing tax planning opportunities and applying basic principles of tax . First and foremost, property managers must follow guidelines for financial management. These guidelines are created by the local real estate commission or state agency. Your real estate guidelines should shape your accounting practices. Make sure that your real estate accounting books follow the rules administered by your state. Commercial real estate is a very different animal compared to residential real estate. Rather than investing in single-family homes or vacation rentals where you're dealing with a single tenant, you're investing in things like office space, warehouses, distribution centers, data centers, public storage, retail units, and multifamily apartment buildings, which can have dozens or even hundreds.
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