Self employment income is your net earnings from a trade or business reported on Schedule C and Schedule SE. You owe self employment tax when net earnings reach 400 dollars...Read More
Rental services for QBI include leasing, rent collection, maintenance, repairs, and supervision performed by you or your contractors. Keep a dated log and total at least 250 hours to use...Read More
Real estate investors are working to understand how the Big Beautiful Bill affects their 2025 tax position. This article outlines key updates that property owners, landlords, and pass-through entities need...Read More
The new federal tax law (H.R. 1, “The Big Beautiful Bill”) brings major updates for small business owners: The 20% QBI deduction is now permanent, making LLC or S-Corp structures...Read More
The new federal tax law, H.R. 1 (“The One Big Beautiful Bill”), introduces key changes for 1099 healthcare professionals like travel nurses and therapists. QBI Deduction Made Permanent: The 20%...Read More
If you own rental property, knowing what expenses are truly deductible can save you thousands—and prevent costly IRS mistakes. Our latest guide breaks down repairs vs. improvements, depreciation rules, and...Read More
Filing taxes as a landlord doesn’t have to be complicated—if you know what to prepare. This checklist helps you stay organized and file confidently, using IRS guidance without the jargon.Read More
Not all rental property expenses are treated equally at tax time. This guide helps landlords understand which costs are fully deductible, which must be capitalized and depreciated, and which are...Read More
This guide explains how 1099 doctors and locum tenens professionals can benefit from S-Corp election to reduce self-employment taxes while maintaining pass-through taxation. It covers eligibility requirements, the election process...Read More
