Warning: Florida Condo Deadline Approaches – Are You Prepared?
As the clock ticks toward December 31, Florida condominium associations face a crucial deadline: to complete mandatory structural inspections and establish reserves for necessary repairs. This requirement, aimed at preventing tragedies like the 2021 Surfside condo collapse, has left many…
The Basics of Short Sale
Morgan Stanley predicts that house prices could fall by 10 percent by the end of 2024, perhaps twice as much in a worst-case scenario. Homeowners who purchased their homes at the top of the market could be in trouble,…
Avoid These Common Mistakes When Converting to an S Corporation
At first glance, the corporate tax rules for forming an S corporation appear simple. However, they are not. You are already aware the tax code is full of hidden rules. The IRS knows these rules and you need to know…
When Is Your Income Subject to Self-Employment Taxes
Self-employment taxes are the same as payroll taxes for the self-employed and it is used fund Social Security and Medicare. All individuals with self-employment income must pay self-employment taxes, regardless of their age. The self-employment tax is paid on your…
The IRS Wants to Know about Your Crypto
The IRS really interested about your bitcoins and other crypto. You may have not noticed this, but it starts at the top of the first page of your Form 1040, where you find the following question right after the spaces…
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Tax Related Posts
The Basics of Short Sale
Morgan Stanley predicts that house prices could fall by 10 percent by the end…
Avoid These Common Mistakes When Converting to an S Corporation
At first glance, the corporate tax rules for forming an S corporation appear simple. However,…
When Is Your Income Subject to Self-Employment Taxes
Self-employment taxes are the same as payroll taxes for the self-employed and it is used…
The IRS Wants to Know about Your Crypto
The IRS really interested about your bitcoins and other crypto. You may have not noticed…
The IRS audited your business and concluded that you misclassified some employees
Uh-no! The IRS audited your business and concluded that you misclassified some workers as independent…
What You Need to Know About Reverse Mortgages and the Tax Angles
If you’re an “experienced” homeowner, age 62 or older, you may need to tap into…
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Your Short-Term Rental May Be Subject to Self-Employment Tax
In recent years, advances in technology have provided multiple opportunities for taxpayers to earn additional…
Depreciation, Real Estate Investor’s Best Friend
Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable…
Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to…
Did You Miss Out On The Previous PPP Opportunities?
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection…
The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing…
What is Financial Forecasting? And Why Should You Care?
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial…
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