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Make A Better Decisions with Your Taxes and Money

Tax Planning

The Short Term Rental Tax Deductions Checklist

As a real estate investor, it is important to be aware of all the tax deductions you can take advantage of. 

 

How do Tax Deductions for Short-Term Rental Properties Work?

Keep in mind that these deductions may vary depending

Audits

August 2022 Reconciliation Bill Update

Summary of Inflation Reduction Act

As of Sunday 8/7/2022 the Senate Democrats on Sunday passed their climate, health and tax package, which includes $80 billion in funding for the Internal Revenue Service.

 

$79.6 billion will be allocated to the

Tax Advice

Real Estate Installment Sales Explained

Real estate installment sales are a great way to purchase property, especially if you don’t have the cash available upfront. In an installment sale, you agree to buy a property over time, usually by making monthly payments. This can be

Tax Advice

Should Teenagers Invest in a Roth IRA?

A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. For most people, a Roth IRA is the best option for saving for retirement. But is it the right choice for teenagers?

There

rental-property
Tax Advice

How to Materially Participate to Deduct Rental Property Tax Losses

A big question for many is how to materially participate to deduct rental property tax losses. It’s a common question, and rightfully so. If a rental property has tax losses, naturally, an individual will want to be able to have

taxes 2020
Tax Advice

Last Minute Tax Tips to Implement by December 31st

2020 is wrapping up quickly, and if you want to get some good news from the IRS come next April 15th, the time to prepare and strategize is now.

Since time is of the essence, I encourage you to contact

Home Office
Tax Advice

Don’t Overlook The Home Office Expense

With the COVID-19 pandemic, more Americans are working from home than ever.

And we’re adapting our living spaces into workspaces accordingly, even taking some extra room for our business use.

That’s ok, right?

Actually, Section 280A(c) of the IRS code

rental income
Tax Planning

Rental Income & The IRS: A Summary Of Tax Advantages

If you own rental properties or real estate investments, you should be well informed about the tax consequences.

If you own rental properties or real estate investments, you should be well informed about the tax consequences.

In fact, real estate

realtor tax
Tax Advice

10 Tax Deductions for Real Estate Agents & Realtors in 2022

Just about every real estate agent I know is incredibly busy these days, as record-low interest rates, a swell of buyer demand, and a considerable shift from city to suburbs is driving a housing market boom.

But, let’s face it, …

About

Jose Ramirez

Jose A. Ramirez

Jose A. Ramirez is a corporate accountant turned entrepreneur who has dedicated his life to helping businesses develop CASH SAVING SYSTEMS. Learn More

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