Is Cost Segregation Worth It for Airbnb Hosts?
Cost segregation can help you reap huge tax savings, and it’s an excellent defense against an IRS inquiry. However, there’s a lot of confusion around this somewhat sophisticated tax strategy. […]
Author: Miguel Alexander Centeno
- About Miguel Alexander Centeno
- Miguel Alexander Centeno is an author, speaker, and tax leader at Shared Economy Tax. A former Big 4 tax manager, he represents taxpayers in all matters before the IRS, including the U.S. Tax Court. He has been quoted in the Wall Street Journal, Fox Business, and MSNBC on tax related articles and has testified before the U.S. House of Representatives as a part of hearings for the Tax Cuts and Jobs Act. A father of three, Miguel is an avid acoustic guitar player, gravel cyclist and once-a-week yogi.
Posts by Miguel Alexander Centeno
8 Ways to Handle Late Car Share Returns on Turo and Getaround
Renting your car on Turo and Getaround can be a rewarding way to earn extra income, but it can also come with its share of challenges. One of the most […]
Home Office Deduction Tips for Airbnb Hosts
If a portion of your home is used for conducting business, you may qualify for a home office deduction. You can choose from a couple of different methods for calculating […]
Turn Your Airbnb into a Five-Star Experience
In the competitive world of rentals, focusing on both quantitative metrics like ROI and occupancy rates, as well as various qualitative aspects, is essential for success. The Importance of Aesthetic […]
Los Angeles Airbnb Laws: Explained (2024)
Los Angeles is a very attractive market for short-term rentals, as it had over 20,000 Airbnb rental properties at the end of 2019. However, it is crucial for hosts to […]
How Fed Rate Cuts Will Shape the Real Estate Market
As we approach the final months of 2024, the Federal Reserve’s interest rate policies continue to impact the economy in profound ways, especially the real estate market. Policymakers are hoping […]
The Best States for Airbnb in 2025
Choosing the right location to launch or expand your Airbnb business is crucial for success. Factors like short-term rental regulations, taxes, housing markets, and local occupancy rates play pivotal roles […]
Solo 401(k) vs SEP IRA: What is the Best Choice for Contractors?
Retirement account contributions can provide substantial tax benefits while you work towards retirement. For independent contracts, SEP IRAs and Solo 401(k)’s are two of the most popular options. Both options […]
Statutory Employee Compliance for Small Businesses
Sometimes the line between an employee and an independent contractor can be blurry. It is very important for companies to be aware of this difference, as misclassifying an employee can […]
Should You Claim Real Estate Professional on Your Taxes?
Real estate professionals come in many varieties, but today I’ll examine a more specific use of the term. The IRS offers a real estate professional designation for certain taxpayers that […]