
Can Real Estate Professional Status Free Up Old Passive Losses?
Deducting your rental property tax losses against your other income is tricky, as you likely know. You have to get the tax law to treat
Deducting your rental property tax losses against your other income is tricky, as you likely know. You have to get the tax law to treat
When you start working on your tax planning strategies for the past year, you’ll inevitably see the word “dependent” come up.The term may seem a
2020 was a very different year for most of us—so much so that the IRS has officially pushed back the deadline for filing your 2020 taxes from
Back in 1980, over 50% of businesses filed as C Corporations or a corporation in which the shareholders are taxed separately from the entity. However, the number
It’s that time of year. The sun is shining, the days have gotten longer, flowers are blooming. It can only mean one thing: tax season
With the advent of apps and web services geared toward casual, amateur investors—Robinhood, Acorns, and Zacks Trade, for example—the number of people trying their hand
The average all-in cost — tuition and fees — to attend a private, four-year college in the 2018-19 academic year was $35,830, according to Business Insider.
As if getting a divorce isn’t hard enough, there are financial ramifications to consider. Who gets the house? How do you separate your finances? These
There are many benefits to being self-employed: you’re your own boss, you get to choose your own hours, and come and go as you please.
Managing or owning a vacation rental can be a great side business and lucrative enterprise. But, like anything, there are tax guidelines that need to
Renting property to a loved one may seem like a no-brainer. They’re your family, of course, you want to help them find a good place to call home. Plus, you know and trust them, so surely they’ll be excellent tenants and can keep you well informed about necessary improvements or issues. What could go wrong?
Starting and running a small business doesn’t just take ingenuity, grit, and resolve. It also takes a whole lot of paperwork. From getting your Employer
In 2020, billions of dollars in grants were issued due to the COVID-19 pandemic. If you received a government-issued grant for yourself or your business,