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TAX DEDUCTIONS FOR YOUR RENTALS
I've been getting questions about rental real estate and if you can use losses to offset non passive income. So here are the rules. The ...

Harrison Greenberg
Aug 21, 20232 min read


Student Loan Repayments & Taxes
If you have a student loan, this one's for you... We all know that student loan repayments and interest accruals were suspended during...

Harrison Greenberg
Aug 10, 20231 min read


1099K FORMS FOR 2023 TAX YEAR
If your business occasionally gets paid via Venmo/Paypal, this one's for you.... I've been getting questions on 1099-K forms. Here's...

Harrison Greenberg
Aug 7, 20231 min read


IRA INVESTMENT ADVISORY FEES: HOW TO PAY THESE
If you pay investment advisory fees for your IRA, this one's for you.......... First, investment advisory fees for your taxable (non...

Glenn Greenberg
Jun 29, 20231 min read


How To Make A Vacation A Tax Deduction
If you like to travel and if you travel for business, this is for you... Here's how you can make vacations a tax deduction. First the...

Harrison Greenberg
Jun 27, 20231 min read


CALIFORNIA EMPLOYEE MINIMUM WAGE INCREASES
If you have a business with employees in California, please read on..... Many California cities will increase their minimum wages...

Harrison Greenberg
Jun 21, 20231 min read


Quarterly Estimated Income Tax Payments Due 6/15
If you pay quarterly personal estimated income tax payments, please read on... Next payment to IRS and your state is due June 15th. You...

Harrison Greenberg
Jun 14, 20231 min read


Hobby Loss Rules
If you just started a side hustle or your business has not turned a profit in the last 3 years, this is for you... Beware of the hobby...

Harrison Greenberg
May 19, 20231 min read


Exceptions To Passive Loss Rules (AIR BNB LOOPHOLE)
Hi everyone, Here's part two. Air bnb's and other short term rentals can qualify as an exception to the passive activity rules. Here are...

Harrison Greenberg
May 10, 20231 min read


Exceptions To Passive Loss Rules (REAL ESTATE PRO STATUS)
I've been getting questions about rental real estate and if you can use losses to offset non passive income. So here are the rules. The...

Harrison Greenberg
May 9, 20232 min read


First Republic Bank Failure
Most of you may already know that FRB was sold to JP Morgan today. If you have a personal or business account, you continue to have...

Harrison Greenberg
May 1, 20231 min read


CALIFORNIA HOMEOWNERS PROPERTY TAXES DUE NEXT WEEK
If you're a homeowner in California, please read on......... Your next property tax payment is due April 10. Best if you pay on line at...

Harrison Greenberg
Apr 5, 20231 min read


ERC NOT TAXABLE IN CALIFORNIA!!
Good news! Great news! If your business is in California and received ERC funds in 2022, Sacramento has weighed in and has determined...

Glenn Greenberg
Feb 24, 20231 min read


Back Door Roth IRA
If you're making an IRA contribution for 2022, this one's for you........... Here's a refresher: There are two types of IRA accounts: ...

Harrison Greenberg
Feb 22, 20231 min read


CALIFORNIA UPDATE: YOU CAN FILE YOUR PERSONAL TAX RETURN
Quick update on this morning's email..............IRS just announced that it WILL NOT tax California residents on the refund checks. Good...

Glenn Greenberg
Feb 10, 20232 min read


Tax Return Filing Delayed For California
f you are a California resident, or if your business is in California, this is for you... CALIFORNIA RESIDENT............ IRS just...

Glenn Greenberg
Feb 10, 20231 min read


RRF "Tax Credit"
If you run a restaurant or bar, this one's for you....... The US Senate and House have each apparantly introduced bills to provide a...

Harrison Greenberg
Feb 1, 20231 min read


Standard Mileage Rates For 2023
If you get reimbursed from your employer for business use of your car, this one's for you........ Effective 1/1/23, the standard...

Harrison Greenberg
Jan 16, 20231 min read


One Time Payroll Tax Charge Coming Soon
If you have a business in California with employees, please read on........ Your payroll service will (most likely) be charging your...

Harrison Greenberg
Jan 13, 20231 min read


Control Your Taxable Net Income: Control Year End Business Income & Expenses
If you are self employed, or run your business on cash (not accrual) accounting, please read on..... Cash Accounting means that income...

Harrison Greenberg
Dec 26, 20221 min read
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