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 and you can deduct the employer equivalent portion of that tax on Form 1040.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 the IRS safe harbor under Revenue Procedure 2019-38.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 to know, including the permanent QBI deduction, expanded expensing rules, the increased SALT cap, and changes to Opportunity Zones. If you own rental property or...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 more attractive. A new $4,000 senior deduction is available for business owners 65+ with income below $75,000. The SALT deduction cap has been raised to...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% pass-through deduction for qualified business income remains in place, encouraging review of business structure (LLC, S-Corp, etc.). SALT Deduction Cap Raised: The state and local...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 what records you need to keep. Whether you’re managing one property or many, we help real estate investors file with confidence and build tax strategies...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 not deductible at all—all in line with IRS rules.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 (Form 2553), payroll obligations, and tax filing responsibilities. The IRS requires S-Corp owners to take a reasonable salary, and compliance with payroll and reporting rules...Read More

For 1099 doctors and locum tenens professionals, choosing the right business structure isn’t just a formality—it directly impacts your taxes, liability, and long-term financial health. Understanding the differences between a sole proprietorship, LLC, and S-Corp can help independent medical professionals reduce their tax burden while staying compliant. This guide will break down the key business...Read More