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, EARented out part or all of your home? Selling could trigger unexpected taxes. Learn how depreciation recapture works, how it interacts with the Section 121 exclusion, and why planning before the sale matters.
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, EAPayroll mistakes can get expensive fast. Learn how Schedule C owners, partners, and S-Corp shareholders should be paid, which payroll forms matter, and the costly tax traps every business owner should avoid.