Schedule C vs Schedule E for Airbnb Income
Airbnb hosts have two options for declaring rental income on their tax return. Each presents its own benefits and drawbacks, so the best choice for you will depend on several […]
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
Five to Thrive in 2025
As business operators and investors step into 2025, it’s time to focus on strategies and opportunities that can set the stage for a successful year. Whether you’re a business owner […]
The Best Way To Pay Your Sharing Economy Taxes
As a sharing economy business owner you have to keep track of both federal and state taxes to deal. With the addition of some sales & use tax and estimated […]
FinCen BOI Reporting Requirements [Updated for 2025]
It is crucial for small businesses to be aware of the new reporting requirements of the Corporate Transparency Act (CTA). The CTA requires small businesses to report certain information about […]
Earned Income Tax Credit: Explained by Tax Pros
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 […]
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. […]
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 […]