
Articles & Resources

Resources by Topic
SMLLC becomes MMLLC-New EIN Needed?
You added a member to your Single-Member LLC creating a Multi-Member LLC and requiring a 1065 Partnership tax return. Do you also need to apply for a new EIN?
10 Common Tax Myths Debunked: Essential Tax Tips for Everyone
Lets debunk 10 of the most common myths and misconceptions related to taxes that could be costing you money.
STR Court Cases (Podcast Episode 9)
While Airbnb is fairly new, the idea of some rentals paying self-employment tax isn’t. These key court cases & Rev Procs help provide insights and guidance that we all need.
IRS Publications You Need to Know
IRS Publications are a fantastic tool for every investor to have in their toolbox. While not substantial authority, they are the IRS’ interpretation of the tax code and can be very helpful.
How is Rental Income Taxed
Rental properties are typically, but not always, classified as passive income. This comes with some incredible benefits when compared to many other income types.
Land vs. Building Value
Depreciation is a fantastic write-off, but it only applies to buildings- not land. Here are three approved ways to calculate how much land value to allocate for your property.
Depreciation when Converting a Primary Home to a Rental
If you are converting your primary home to a rental property-you need to know this rule for setting up your depreciable basis. Don’t miss this common mistake!