Episodes
3 days ago
3 days ago
This week Ryan explains the proper reported for income from STR arbitrage activities. Should you report this on Schedule E or Schedule C? Ryan also answes a question about the proper treatment of closing costs.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday May 07, 2024
Tuesday May 07, 2024
This week we discuss the impact of personal use of your short-term rental properties. Planning to use the short-term rental loophole and get in some personal days? Listen to this episode before doing so.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Apr 30, 2024
Tuesday Apr 30, 2024
Ryan explains debits and credits and also discusses accrual basis accounting versus cash basis accounting.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Apr 23, 2024
Tuesday Apr 23, 2024
In this episode we discuss Section 721 exchanges. A 721 exchange functions similar to a 1031 exchange in that it allows you to defer tax on capital gains and depreciation recapture when you contribute real estate or other property to a partnership.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Apr 16, 2024
Tuesday Apr 16, 2024
In this episode Ryan discusses IRC Sec 121 more commonly known as the home sale exclusion. When you sell your main home you may be able exclude up to $250,000 ($500,000 for married couples) of capital gains.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Apr 09, 2024
Tuesday Apr 09, 2024
In this episdoe we discuss tax extensions and estimated tax payments. The U.S. tax system is a pay as you go system where taxes are owed on earnings as they are earned. The IRS and most States allow you additional time to file your return. Find out when this makes sense and why you may want to extend your return. When you do extend, you must still pay your tax on time.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Apr 02, 2024
Tuesday Apr 02, 2024
The Inflation Reduction Act of 2022 significantly enhanced the Sec 179D deduction and Sec 45L credit for owners and developers of real estate. In this episode Ryan introduces both topics and explains that latest changes.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Mar 26, 2024
Tuesday Mar 26, 2024
The final tangilbe personal property regulations were issued in late 2013 to help taxpayers determine what costs may be currenlty deducted versus what costs must be capitalized. Ryan also discusses there safe harbors provided in the regulations that allow for immediate expensing of certains costs.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Mar 19, 2024
Tuesday Mar 19, 2024
Ryan discusses the benfits to using cost segregation studies on your real estate. Using a cost seg study combined with bonus depreciation is like putting your real estate tax deductions on steroids.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tuesday Mar 12, 2024
Tuesday Mar 12, 2024
For tax purposes all activities are either passive or non-passive. Passive activities come with special rules that limit your ability to deduct losses. Your ability to demonstrate material participation is key to classifying an activity as non-passive. In this episode we dive into the material participation rules.
Would you like to become a client? Complete one of our client intake forms here: https://www.thepulicegroup.com/contact
The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
The CPAZone: Tax Strategies for Business Owners
This is the podcast for entrepreneurs and real estate investors who want to learn how to legally reduce taxes. We help you keep more of your hard-earned money.