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Tomko CPA

Helping businesses and entrepreneurs save on taxes, boost cash flow, and grow — through modern tax, accounting, and advisory solutions.

Tomko CPA is your go-to firm for tax, accounting, and advisory services. We excel in providing top-tier tax preparation, planning, and advisory solutions tailored to meet the unique needs of small businesses, business owners, entrepreneurs, and high-net-worth individuals. With our deep understanding of the tax and financial landscapes, extensive experience, and forward-looking approach, we deliver

results that truly matter. We take a proactive approach, collaborating closely with you to provide industry-specific tax strategies and advice. Our tax advisory and business consulting services make us a key pillar, offering you support and guidance with strategic business decisions. We aim to build lasting relationships with each client, delivering confidence and peace of mind through best-in-class solutions.

09/01/2026

Many taxpayers can't currently use rental real estate losses.

But qualifying real estate professionals may have opportunities that others don't.

When certain requirements are met, rental activities may be treated as nonpassive, allowing depreciation losses to potentially offset income from:
• Development companies
• Construction businesses
• Property management companies
• Contracting operations
• Brokerage businesses

The rules are complex.

The planning opportunities can be significant.

08/27/2026

A tax loss doesn't always mean you're losing money.

In real estate, it often means the opposite.

Cost segregation, bonus depreciation, and depreciation deductions can create substantial tax losses while the property continues generating positive cash flow.

That's one of the unique advantages of owning real estate.

The key is understanding how and when those losses can be used.

Tax strategy matters just as much as tax deductions.

08/25/2026

One of the biggest misconceptions in real estate tax planning is thinking that more depreciation is always better.

It's not.

The real objective isn't maximizing deductions.

The objective is maximizing the value of those deductions over time.

I've seen investors accelerate depreciation in a low-income year, only to wish they had preserved those deductions when income increased substantially in future years.

The best tax strategy isn't about this year's return.

It's about creating the best outcome across the next 3-5 years.

That's where proactive planning creates value.

08/18/2026

The biggest tax opportunities are often identified before a transaction occurs.

A properly planned partnership structure can create benefits for future buyers, heirs, and investors through basis adjustments that simply aren't available in many other entity structures.

Proactive planning creates options.

Reactive planning creates limitations.

That's why strategic tax conversations should happen long before a sale, transfer, or succession event.

08/13/2026

Real estate deals aren't always equal.

Some investors contribute capital.

Others provide expertise.

Some receive preferred returns.

Others earn promote interests.

Partnership taxation accommodates complexity.

S corporations generally do not.

As investments grow more sophisticated, flexibility becomes more valuable.

08/11/2026

The goal isn't to save taxes this year.

The goal is to create flexibility for the next decade.

The right structure can impact:
• Future distributions
• Investor admissions
• Ownership transitions
• Estate planning
• Exit strategies

Tax strategy isn't about finding deductions.

It's about maximizing options.

08/06/2026

We've seen investors place appreciating real estate into an S corporation because it seemed simple at the time.

Years later, they discover changing structures can trigger significant tax consequences.

The lesson?

Good tax planning isn't about today's return.

It's about keeping future opportunities open.

08/04/2026

When a partnership interest changes hands, a Section 754 election may allow the incoming owner to receive a step-up in the tax basis of the underlying real estate.

That can mean:
✓ Additional depreciation
✓ Reduced future taxable gain
✓ Better after-tax economics

Most investors focus on the purchase.

Strategic investors focus on what happens after the purchase.

07/30/2026

Debt isn't always a tax disadvantage.
Sometimes it's the opposite.

One reason many real estate partnerships favor LLC taxation is that partnership debt generally increases the owner's tax basis.

Why does that matter?

Because basis can impact:
• Loss utilization
• Tax-free distributions
• Overall tax efficiency

In real estate, leverage isn't just a financing decision.

It's often a tax planning consideration too.

07/28/2026

What happens if you want to bring in a new investor five years from now?

Many investors choose an entity based on today's needs.

Sophisticated investors choose a structure that still works years later.

As ownership changes, real estate appreciates, and new opportunities emerge, partnerships often provide flexibility that S corporations were never designed to handle.

Tax planning isn't just about acquisition.

It's about preserving options.

Address

23 Lisbon Street, Suite J
Canfield, OH
44406

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

http://www.tomkocpa.com/

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