The IRS Wants to Know about Your Crypto

The IRS Wants to Know about Your Crypto

Pedro Gonzalez, CPAJun 1, 20228 min read

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…

The IRS audited your business and concluded that you misclassified some employees

The IRS audited your business and concluded that you misclassified some employees

Pedro Gonzalez, CPAMay 1, 20227 min read

Uh-no! The IRS audited your business and concluded that you misclassified some workers as independent contractors. The IRS says they are employees. You are worried—rightfully worried. 😲  If you got this wrong, the IRS will assess years of back employment…

What You Need to Know About Reverse Mortgages and the Tax Angles

What You Need to Know About Reverse Mortgages and the Tax Angles

Pedro Gonzalez, CPAFeb 20, 20229 min read

If you’re an “experienced” homeowner, age 62 or older, you may need to tap into your home equity because you are “house-rich but cash-poor.” If so, you are not the only one.   But what are your options?   You…

Your Short-Term Rental May Be Subject to Self-Employment Tax

Your Short-Term Rental May Be Subject to Self-Employment Tax

Pedro Gonzalez, CPAJan 18, 20225 min read

In recent years, advances in technology have provided multiple opportunities for taxpayers to earn additional streams of income or start a new business altogether. The “gig economy” business models (such as Uber, Airbnb, etc), haven’t solely generated opportunities for entrepreneurs…

Depreciation, Real Estate Investor’s Best Friend

Depreciation, Real Estate Investor’s Best Friend

Pedro Gonzalez, CPAJan 14, 20225 min read

Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything…

Tax Related Posts

In this section all posts are tax related

The IRS Wants to Know about Your Crypto

The IRS really interested about your bitcoins and other crypto. You may have not noticed…

ByByPedro Gonzalez, CPAJun 1, 2022

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…

ByByPedro Gonzalez, CPAMay 1, 2022

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…

ByByPedro Gonzalez, CPAFeb 20, 2022

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…

ByByPedro Gonzalez, CPAJan 18, 2022

Depreciation, Real Estate Investor’s Best Friend

Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable…

ByByPedro Gonzalez, CPAJan 14, 2022

Is Your Side Hustle a Business or a Hobby?

  Is your side hustle a hobby? If you want more tax deductions, my advice…

ByByPedro Gonzalez, CPAJan 9, 2022

other posts

Don’t miss our hot and upcoming stories

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…

ByByPedro Gonzalez, CPAJan 18, 2022

Depreciation, Real Estate Investor’s Best Friend

Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable…

ByByPedro Gonzalez, CPAJan 14, 2022

Updated PPP Rules

The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to…

ByByPedro Gonzalez, CPAJan 8, 2021

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…

ByByPedro Gonzalez, CPAJan 4, 2021

Post Grid #2

The IRS Wants to Know about Your Crypto
The IRS audited your business and concluded that you misclassified some employees
What You Need to Know About Reverse Mortgages and the Tax Angles
Your Short-Term Rental May Be Subject to Self-Employment Tax
Depreciation, Real Estate Investor’s Best Friend
Is Your Side Hustle a Business or a Hobby?
The Importance of Buy-Sell Agreements
Are S Corporations Facing Extinction?
Deduct 100% of Your Employee Recreation and Parties