Real estate usually is a wonderful investment. It's especially enticing for trucking executives when they can invest in properties, such as offices, shops, terminals or yards, that their own trucking businesses could rent. The appreciation on real estate often exceeds the return on the business itself. But the lure of a real estate bargain often leads business owners to jump into a deal without conducting any upfront tax planning. Because of this, they give little thought to how the real estate should be owned. So they let the corporation buy it. The result, sadly, often is a real estate time bomb - and a hidden one at that. Any parcel of real estate owned inside a corporation - whether it's a "C" or "S" corporation - incurs certain tax pitfalls that everyone should understand and work to avoid.
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