The earned income tax credit (EITC) offers big savings to wage-earners with dependents, but many taxpayers inadvertently overlook this valuable credit. In this article, I’ll provide an overview of the […]
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. […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]