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

Are REITs a Good Idea for Airbnb Hosts?

Posted on June 29, 2020 Posted in Airbnb TaxesLeave a comment

What is a Real Estate Investment Trust?A REIT, or Real Estate Investment Trust, is a company that owns or provides financing for income-producing real estate. Similar to mutual funds, REITs have shareholders and pay out taxable income as dividends. REITs enable ordinary investors to invest in portfolios of properties via the purchase of stocks. The majority of REITs are traded on major stock exchanges, however there are also public non-listed REITs and private REITs. REITs generally fall into tw […] […]

Read Post

Filing Requirements for Mexico Airbnb Hosts

Posted on June 25, 2020 Posted in Airbnb Taxes1 Comment

In Mexico, there is no differentiation between residents and non-residents when it comes to the payment of taxes. As a United States citizen, you are still required to pay taxes if you own rental property in Mexico that you rent out on Airbnb. As a rental property owner, you are required to pay Mexico Income Tax, called ISR (Impuesto Sobre la Renta) in Spanish, and Mexico Value Added Taxes, called Impuesto al Valor Agregado (IVA) in Spanish. Thanks to a tax treaty between the United States […] […]

Read Post

Filing requirements for London Airbnb Hosts

Posted on June 22, 2020 Posted in Airbnb TaxesLeave a comment

Expanding your Airbnb business into international territory can be intimidating. After all, foreign tax laws differ from the U.S., so renting property abroad can complicate your tax situation. However, if […]

Read Post

The Easy Way to File a Tax Extension

Posted on June 15, 2020 Posted in Tax Tips

Taxes can be a very time-consuming process. Of course, you want to take your time, and go over everything carefully to avoid any misrepresentations like underreporting your income. Unfortunately, small […]

Read Post

Estimated Tax Planning For Airbnb Hosts

Posted on June 11, 2020 Posted in Airbnb Taxes, Tax TipsLeave a comment

Airbnb has risen in popularity over the last several years for both travelers and individuals looking to make an extra income. However, Airbnb hosts have to deal with tax ramifications. […]

Read Post

How to Claim the Self Employed Health Insurance Deduction

Posted on June 4, 2020 Posted in Tax Tips

Working as a 1099 contractor isn’t always easy, but it comes with some tax benefits that aren’t available to W4 employees. Healthcare is a huge expense for millions of Americans, […]

Read Post

Airbnb vs Renting: The Best Option for STR Income

Posted on June 2, 2020 Posted in Airbnb Taxes

If you own property, you have options. There are a variety of ways to generate steady cash flow from your real estate holdings. Renting is one of the most obvious […]

Read Post

How to Pay IRS Taxes Online

Posted on May 21, 2020 Posted in Tax TipsLeave a comment

We like to do a lot online these days, including ordering food, selling our services, paying our bills, and even checking our mail from our phones and our laptops. As the government works to catch up with the digital age, we are starting to see the IRS adapt to our methods. Earlier this year, the Internal Revenue Service (IRS) launched IRS.gov, their new website. And to get right to the point, there are two primary functions we recommend that everyone know how to use at a minimum: Pay […] […]

Read Post

4 Tax Planning Tips For Short-Term Rental Hosts

Posted on May 14, 2020 Posted in Airbnb Taxes, Tax Tips

Airbnb hosting is a first-time business for many, so a lot of hosts aren’t familiar with the intricacies of the tax system. However, a little Airbnb tax planning can help […]

Read Post

Tax Deductions for Turo Car Rental Fleets

Posted on May 12, 2020 Posted in Turo Taxes

You have to pay taxes when you run a business, even if you’re a Turo host. Fortunately, you can deduct your operating expenses to reduce your tax bill. Track and […]

Read Post