The New Qualifying Relative Rules
The IRS typically affords tax breaks to taxpayers with qualifying dependents to compensate for their additional costs. The most prevalent type of dependent is children, but qualifying relatives often include […]
Author: Chris Dios
Posts by Chris Dios
Can an Offshore Trust Save You Money on Taxes?
There’s been a lot of talk in the news recently about Congress raising taxes on the wealthy. Regardless of what the final legislation looks like, high earners can expect some […]
IRS Schedule C Instructions For Independent Contractors
For independent contractors, filing taxes is a little more complicated. Contractors don’t have an employer, so they’re responsible for paying taxes and reporting their income. 1099 contractors must use IRS […]
Does High Inflation Impact Real Estate Investments?
JPMorgan Chase CEO Jamie Dimon directly addressed inflation on a recent earnings call. He stated that, “inflation could be worse than people think,” and “I don’t think it’s only temporary.” […]
Can Section 1231 Help You Save on Taxes?
Most business owners know the IRS taxes long-term capital gains at a lower rate than ordinary income. However, Section 1231 of the Internal Revenue Code offers an exception to this […]
A Complete Guide to IRS Form 8995 and How to Use It
Many business owners have heard of IRS Form 8995. But what does this do for small businesses? And how can you use IRS Form 8995 to save your business money? […]
Top 5 Tips to Reopen Your Airbnb
With most of the pandemic finally behind us, many places around the country are starting to reopen. With bookings picking up throughout the country, it’s a good time to think […]
Should I File With Schedule C-EZ?
As a small business owner, it’s easy to become overwhelmed with tax-filing requirements. The number of different IRS forms can seem extremely confusing. For example, in 2018, qualifying businesses could […]
Free Self Employment Tax Calculator and Other Tax Resources
Owning your own business or working as an independent contractor has its perks. You can set your own rate, and work when and where you want. This is what has […]
Airbnb Laws in NYC: A Guide for 2025
Millions of Americans use Airbnb as an outstanding source of income. But short-term leasing can expose hosts to a gauntlet of local regulations. In places like New York City, where […]