TL;DR: High-income W2 earners can leverage short-term rental properties to create massive tax deductions that offset ordinary income. By meeting the 100-hour material participation test and combining it
- Home
- |
- Archives: Tax
The Complete Independent Contractor Tax Guide 2025: Save Thousands with Smart Planning (Free Tracker Included)
TL;DR Independent contractors face unique tax challenges including quarterly payments, self-employment tax, and complex deductions. This guide covers everything from choosing the right tax forms to maximizing write-offs
Section 179 Tax Deduction for Vehicles Over 6,000 lbs: Complete 2025 Guide After Trump’s Big Beautiful Bill
TL;DR Following the One Big Beautiful Bill Act signed July 4, 2025, Texas small businesses now enjoy unprecedented tax benefits for heavy vehicle purchases. Section 179 expensing caps
How to File Small Business Taxes in Texas: Complete 2025 Guide from a Dallas CPA
TL;DR Texas small businesses face unique tax requirements that differ significantly from other states. Unlike most states, Texas has no corporate income tax but requires franchise tax for
How Trump’s One Big Beautiful Bill Transforms Small Business Taxes in 2025
TL;DR Trump’s One Big Beautiful Bill Act, signed July 4, 2025, delivers massive tax savings for Texas small businesses through permanent 20% pass-through deductions, restored 100% bonus depreciation,
Unlock Zero-Tax Exits: Your Comprehensive Guide to Qualified Small Business Stock (QSBS)
For many startup founders and business owners, the culmination of years of hard work, innovation, and risk is a successful exit. It’s the dream scenario: building a valuable
Roth vs. Mega Backdoor Roth: Your 2025 Guide to Tax-Free Retirement Income
Pursuing financial independence and a secure retirement is a common goal. Still, for high-net-worth individuals (HNWIs), the path is often layered with sophisticated financial planning and strategic tax
What If I Can’t Pay My Taxes? Federal & State Tax Payment Plan Strategies
Opening that tax bill and seeing a balance due can be stressful. The stress can feel overwhelming when that balance is more than you can afford to pay
Strategies to Lower Your Property Taxes: A Comprehensive Guide for Homeowners and Businesses
Property taxes. These two words represent a significant, recurring expense for homeowners and business property owners alike. While essential for funding vital local services, such as schools, roads,
Requirements of Real Estate Professional Tax Status & Benefits
Rental real estate is ordinarily treated as a passive activity under the Internal Revenue Code (IRC) § 469, which limits a taxpayer’s ability to offset passive losses against active