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…
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 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
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…
Tax Related Posts
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,…
ByPedro Gonzalez, CPAOct 7, 2022When 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…
ByPedro Gonzalez, CPAJul 15, 2022The IRS Wants to Know about Your Crypto
The IRS really interested about your bitcoins and other crypto. You may have not noticed…
ByPedro Gonzalez, CPAJun 1, 2022The 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…
ByPedro Gonzalez, CPAMay 1, 2022What 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…
ByPedro Gonzalez, CPAFeb 20, 2022Your 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…
ByPedro Gonzalez, CPAJan 18, 2022Business
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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…
ByPedro Gonzalez, CPAJan 18, 2022Depreciation, Real Estate Investor’s Best Friend
Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable…
ByPedro Gonzalez, CPAJan 14, 2022Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to…
ByPedro 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…
ByPedro Gonzalez, CPAJan 4, 2021Post Grid #2
