Small landlords are not required to file Form 1099-NEC for their service providers because rentals conducted as a trade or business are exempt from the Section 6041 filing requirements.
Author Archives: Berger
QCD with IRA Checking Account – Easy, but Beware
The fact that the tax code needs a direct transfer of the QCD from the IRA to the charity complicates the process.
Using Section 179 Deductions For Commercial Rental Properties
Because bonus depreciation is reduced to 40 per cent for 2025, the Section 179 expense appears more favourable.
Protect Yourself: Digitize Tax Receipts
Protect Yourself: Digitize Tax Receipts How do you define a When would you call anaked credit card statement or check book, naked? If receipts or invoices do not support a credit card ..
Boost Tax Planning with 2025 Phaseouts Desktop Reference
Boost Tax Planning with 2025 Phaseouts Desktop Reference You can increase your tax benefits and reduce tax liabilities by knowing your phaseouts,..
Solo Biz Owner? No Employees? Is the Mega Backdoor Roth For You?
Suppose your income is too high to contribute to a Roth IRA; then the backdoor Roth provides an option to….
Beat The Estimated Tax Penalty with Strategic Withholding
The quarterly estimated tax payment dates for the year 2025 is till April 15 2025; June 16 2025 and January 15 2026…
The Right Way To Ask Your C Or S Corporation For Travel Reimbursements
The Right Way To Ask Your C Or S Corporation For Travel Reimbursements These are the basic rules you should adhere…
Download Now: Your Must-Have 2025 Tax Resource Guide
Get the most vital tax information at your fingertips with the 2025 Tax Resource Guide – your go-to desktop reference.
Regulatory Alert: FinCEN Delays March 21, 2025, BOI Deadline
The Financial Crimes Enforcement Network (FinCEN) declared that it will not impose fines, penalties,..