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982 episodes

One-minute answer

What Is A 1031 Exchange?

Real estate & rentals

One of my favorite tax rulings is a 1031 exchange. That would be as if you have a rental property and let's say maybe you live in Utah…

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Can I Deduct Home Repairs On My Tax Return?

Deductions & credits

You had a lot of repairs done on your primary home this year. And you're probably wondering, there's got to be someplace where you can deduct those on…

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Can I Write Off Auto Expenses On My Taxes?

Deductions & credits

Standard mileage rates for your business travel, also need to figure depreciation on your vehicle, which is better? I mean, should we take actual? Should we take miles?…

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Renting Your House To Your Children

Deductions & credits

Renting your house seems like a pretty easy concept. You rent it out, someone rents it, and then you have it. But sometimes you know what? Your son…

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March 15 – File Your Return or Extension

Deadlines & filing

Today is March 15, a very important day for anyone that has a partnership with multi members, LLC with multi members, a corporation, a sub s corporation, a…

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Need Help With Tax Representation?

IRS letters & problems

I'm an enrolled agent licensed by the Internal Revenue Service to do taxes and representation. So anyone that hasn't filed taxes for a number of years or maybe…

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Can I Get My Taxes Done For Free?

Deadlines & filing

For many of you right now you're having a hard time and filing taxes is something that's probably not on the top of your list. Certainly probably paying…

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How To Report a 1099 B

Deadlines & filing

"I purchased stock from my employer under a 423 employee stock purchase and received a 1099 B for selling it. How do I report this?" And this is…

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How To Inherit Property From Parents Correctly

Estate, gifts & inheritance

What do you do if you inherit a piece of property and you don't know the basics? Well, that's not as complicated as you might think. It depends…

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Deadline For Corporations Partnerships LLC’s

Deadlines & filing

We are getting close to the tax deadline for corporations partnerships LLCs. Anything that was basically a separate entity on March 15th. If you have are not ready…

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Tax Returns and PPP Money Laws Have Changed

Deductions & credits

We're preparing tax returns and PPP money. Keep in mind under the new tax law, they changed on 12-21-20. They basically said that in addition to expanding the…

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