by rachel | Jun 3, 2025 | Articles
Short-term rentals are a topic that stirs up much discussion among tax professionals. For property owners juggling short-term and long-term rentals, understanding how the distinctions impact depreciation can be the difference between compliance and costly errors. When...
by rachel | Apr 30, 2025 | Articles
When it comes to upgrading a rental property, few projects raise more questions than kitchen remodels. At a glance, they seem like improvements—new cabinets, updated appliances, maybe a new layout. But under IRS rules, not all kitchen upgrades must be capitalized. In...
by rachel | Mar 20, 2025 | Articles
In recent years, there has been a rise in the number of losses resulting from scams. In our Update seminars, we have discussed the treatment of these losses, particularly as they relate to cryptocurrency. We believed that many of these scam losses qualified as...
by rachel | Mar 4, 2025 | Articles
Understanding Self-Employment Tax in Oil and Gas Partnerships Investing in oil and gas partnerships can provide significant tax advantages, but it also brings unique tax obligations—particularly regarding self-employment tax. Many investors enter these ventures...
by rachel | Mar 4, 2025 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, I have taken on a church as a client. They have not applied for non-profit status (I know they are deemed a non-profit since they are recognized as a church). The previous person (now deceased) handled their info. They...
