Month: March 2020

Does My New LLC Have to Pay the Alabama Business Privilege Tax?

I’ve seen plenty of real estate investors and business owners who form a new…

7 Tax Strategies for Real Estate Investors

You hear it all the time: real estate investing offers tax advantages unavailable to…

The Self-Employment Tax, Explained by a Self-Employed CPA

If you recently started a business, you’ve undoubtedly heard of the self-employment tax. And…

7 Best Places to Sell Jewelry Online

Selling jewelry online can be confusing, and it’s often difficult to tell which businesses…

Mortgage Interest Deduction: Who Qualifies and How to Claim It

Traditionally one of the most popular deductions for taxpayers, mortgage interest has lost luster…

5 Best Student Credit Cards

Building credit is as important as maintaining it. For college students, it’s valuable to…

Does the IRS Let You Deduct Travel Expenses? What Is the Business Travel Expense Deduction?

Some of the most common tax questions I get are about deductions for travel…

Vacation Home Tax Rules: What Deductions Can I Take?

A client recently asked me about the tax implications of buying a vacation home “somewhere…

Claiming a Business Loss on Taxes: Can Schedule C Losses Offset W-2 Income? Or Do the Hobby Loss Rules Prevent This?

If you’re starting a business on the side, especially if it’s kinda fun, you may be…