fbpx

Sherman Standberry, CPA

How is Rental Income Taxed and How to Avoid It

As a rental property owner, your hard-earned income is subject to taxes just like any other business. You pay taxes on rental profits each year, plus capital gains taxes when you eventually sell. But here’s the good news – there are proven ways to minimize your rental property tax burden completely legally. You don’t have …

How is Rental Income Taxed and How to Avoid It Read More »

The Home Office Deduction: How To Write-off Certain Home Expenses Under Your Business

If you own a business and work from home in any capacity, you may be able to write-off a portion of your home expenses. If you are eligible, you may have able to save thousands of dollars in taxes. But, the IRS has some pretty strict rules about who and what qualifies for this tax …

The Home Office Deduction: How To Write-off Certain Home Expenses Under Your Business Read More »