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Rental Property Losses

Drive Time Increases Odds of Deducting Rental Property Losses Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And…

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Tax scams and fake IRS calls

If you have, or even haven’t received a text, call, letter, or email in relations to the IRS for a variety of reasons we have some information and insights relating to the types of scams currently happening and what to…

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Triple-net Leases

If you use triple-net leases for your rental properties, you may wonder whether you’ll get your Section 199A deduction. We don’t have a clear answer for you, so we are going to go with “maybe.” As you’ll see, we need…

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Lothamer is pleased to announce a new team member

Sam OwensWe have a new addition to the Lothamer family in our office, Sam Owens, as our “New Client Coordinator.” Sam is an EA or “Enrolled Agent,” and got his certification in 2015 and worked in the tax industry since…

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