Larry McClanahanMay 3, 2023Tax Benefits of Converting Your Personal Residence to a Rental PropertyThe simple maneuver of converting your personal residence to a rental property brings with it many tax rules, mostly good when you know how
Larry McClanahanMay 3, 2023Q&A: How do I Pay Myself from my Single-Member LLC?Q&A: How do I Pay Myself from my Single-Member LLC? As long as you haven't elected corporate tax treatment....
Larry McClanahanMay 3, 20231913 Form 1040 and the Birth of a Permanent US Income TaxOh, for the old days when US income taxes were much lower and filing your return was much simpler, right? Check out this 1913 Form 1040.
Larry McClanahanMay 3, 2023Self-Employed Senior? Collect Your Rightful Tax BreaksIf you are self-employed, you have much to think about as you enter your senior years, and that includes retirement savings and Medicare.
Larry McClanahanMay 3, 2023Have You Traded Cryptocurrency? Here are the New IRS RulesThe IRS recently issued new cryptocurrency guidance and is hot on your trail if you bought and sold cryptocurrency but didn't report it.