Lisa Marie Brugman, EAReal Estate Professional Status can change how rental losses are treated—but qualifying takes more than 750 hours. Learn the REPS tests, material participation rules, spousal hours, documentation, and common mistakes.
Lisa Marie Brugman, EAClient gifts can strengthen business relationships, but the tax deduction comes with limits. Learn the $25 IRS rule, which extra costs may qualify, promotional-item exceptions, and common client-gift tax traps.
Lisa Marie Brugman, EATrack your business miles the smart way! Mileage tracker apps can simplify recordkeeping, separate business and personal trips, and help protect valuable vehicle deductions at tax time.
Lisa Marie Brugman, EAThe internet is full of people telling business owners what they can “write off.” Buy it through the business, put your logo on it, or call it marketing—and suddenly, it is supposedly deductible. Unfortunately, the Tax Code does not work that way.