US Tax Made eZ

Top Tax-Efficient Strategies for Investors

Key Points Table of Contents Are you looking to make the most of your investments while minimizing your tax liabilities? Effective tax-saving strategies can play a crucial role in optimizing your returns as an investor. By adopting tax-efficient practices and implementing loss mitigation techniques, you can enhance the profitability of your investment portfolio. Investors often

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Unlock a Stress-Free Tax Season: Pro Tips to Keep Your Sanity Intact

Key Points Table of Contents Tax season can be a stressful time for many. The looming deadlines and complex rules can leave you feeling overwhelmed. But fear not; there are ways to make this tax season a lot more manageable. In this post, I’ll share some valuable tips to help you navigate through tax season

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Insider Insights: How to Optimize Your Rental Property Portfolio for Tax Efficiency

Key Points Table of Contents Are you looking to maximize the financial potential of your rental property portfolio and minimize your tax obligations? Understanding how to optimize your rental property investments for tax efficiency can make a significant impact on your bottom line. Effective tax planning in real estate investment is crucial for both short-term

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Real Estate Professional Status For Tax Purposes: How to Qualify

Key Points Table of Contents Are you a real estate professional? Maintaining real estate professional status (REPS) can provide relief from the 3.8% net investment income tax and allow you to deduct rental property losses against ordinary income. However, there are some caveats to being a real estate professional, especially in the participation and documentation

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Passive vs Active Income: Know the Difference and Why You Want Both?

Key Points Table of Contents By now, we’ve all heard finance gurus talking about reaching financial freedom with passive income. What really is passive income? How do you generate passive income, and how is it taxed? These are a few of the questions that might be floating around in your head. At the most basic

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Home Office Deductions and Accountable Plans

Key Points Table of Contents Over the past few years, the business world has seen a major shift to a remote workforce. Pre-pandemic, 17% of the US workforce held remote positions. This number jumped up to 44% during the pandemic, with many employers continuing to support a remote workforce. While you may have never heard

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Everything You Need to Know About Hiring Your First Employee

Key Points Table of Contents First off, congratulations! Hiring your first employee is a new and exciting step in your journey. As you enter the realm of being an employer, you need to be sure you are following all of the rules and regulations established by the IRS and state agencies. From annual tax forms

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Earning Money Concept US Tax Made eZ:

Understanding S Corp Reasonable Compensation

Key Points Table of Contents Business owners often make the switch from a sole proprietorship to an S corporation to take advantage of numerous tax benefits, like lower self-employment taxes. However, S corporations are subject to more scrutiny when it comes to paying owners, meaning you need to be careful about how you pay yourself

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