How to Write-off Your Travel Expenses
Making sure our travel has a ‘business purpose’ is critical and a perfect opportunity for business owners for a great tax write-off.
How Much Should I Send in with My 1040 Extension?
Tax season can be stressful, especially if you’re unsure about your tax liability or not prepared with all of your paperwork. Filing an Extension could be the perfect solution! If you’re planning to file a tax extension (Form 4868), you’re not alone—and you’re not in trouble either. In fact, filing an Extension is a smart […]
How Many Properties Should I Put in My LLC?
I believe in smart investing, not overcomplicating. Setting up an LLC for every rental property might seem like a great idea, but for the majority of investors, it’s just a costly and inefficient move—especially when equity is still building.
Why a Series LLC May be Right for You
If properly created and maintained, the Series LLC may be an extremely useful tool for investors with multiple investment properties.
Subcontractor vs Employee – 7 Warnings
The IRS consistently warns taxpayers to not get caught paying ‘employees’ as ‘sub-contractors’. But believe it or not, the IRS, may be the least of your worries. There are 7 deadly results that could occur by trying to call an ‘employee’ a sub-contractor when it’s truly not the case.
Silent Partner – 3 SEC Compliant Ways to Bring One on
There comes a time in the lifespan of just about every business when the potential for substantial growth comes to fruition, and additional capital is necessary to make that growth happen. It’s at these moments you’ll probably start looking for people to invest in your business.
199A Deduction for Rental Real Estate Investors
If you have rental losses, you DO NOT want your enterprise to be considered QBI and included in the 199A Deduction calculation, BUT you (or your spouse) DO want to be considered a real estate professional in order to deduct the losses against your other ordinary income.
When to use an S Corporation
Don’t underestimate the power of the S Corp. Consider getting a second opinion if anyone says an S Corp isn’t the best fit.
How to Maintain My S-Corporation
The S-Corporation can be a powerful structure and tool to save on self-employment taxes and can also protect a business owner’s personal assets from lawsuits that may arise from their operations.
