Own a commercial rental property? Made some improvements this year? Maybe you updated the HVAC, added security cameras, swapped out worn carpet from the Bush administration, or just gave the place a much-needed facelift. Here’s some good news: Section 179 might let you write it off right now… not over the next 39 years. Yes, […]
Make the IRS Pay for Your Building Upgrades Read More »
You filed. You high-fived. Maybe you even grabbed takeout and swore you would never procrastinate again. But before you start celebrating like it’s summer break, let’s talk about what really separates the businesses that thrive from the ones that keep riding the tax season rollercoaster every year. Because filing your return is not the finish
Filed Your Taxes? Cool. Now Do These 7 Things Before Everything Breaks. Read More »
Thinking about selling your rental property? Maybe you are done patching drywall, replacing dishwashers, or dealing with 2 a.m. texts about buzzing smoke detectors. Maybe the market finally makes sense. Either way, smart move. But here’s what most landlords never see coming. The IRS has a little-known fee for successful people. It is called the
How to Sell Your Rental Without the IRS Throwing a Surprise Tax Party Read More »
Today, we are diving into a topic that sounds like something you would find in your kitchen. But trust us, it belongs in your tax plan: the SALT deduction. What Is the SALT Tax Deduction? SALT stands for State and Local Taxes. Yes, not nearly as tasty as French fries, but way more important come
SALT Tax Deduction – No, Not the Kind You Sprinkle on Fries Read More »