REP Status can save tons on taxes — which is why you most likely don’t qualify — As a CPA with a clientele heavily involved in real estate, one of the most common questions I get from potential clients is whether they qualify for Real Estate Professional (or REP) Status. The answer I almost always give them is “no.” So they wander around until they find a…

Blocking care is illegal…but I don’t know what else to call this — Today, like so many days this past week, I woke up in a cold sweat. It’s the insurance company’s fault. My wife has been having a host of medical issues for over a year now, which her many specialists have narrowed down to “autonomic dysfunction,” most likely POTS. …

It is somehow already June. Crud. Busy season really did me in this year. As a tax accountant, I always expect it to be bad. But this year managed to be so much worse. Hopefully for a good reason, though. After I struggled again to make any real money from…

I’ve failed so much, I’m not sure what to do when things go right — When I was in college, I told my (now) wife that I had no desire to be an entrepreneur. It was enough to put my head down, do my work, get paid, then go home. It didn’t take me very long to realize the biggest folly with my plan: a…

The infrastructure bill makes some changes, but the core treatment is the same — I talked in the last few days about this new Infrastructure bill and what the tax effect will be (video and text version). The answer is that it’s all about the reporting, not the new taxes (see the links down below). Since most of that was about cryptocurrency, I realized…

A quick look at the infrastructure bill’s effect on taxes and cryptocurrency — It’s official. President Biden signed into law the new Infrastructure bill (technically known as the Infrastructure Investment and Jobs Act). It does stuff a bunch of stuff that I’m sure someone cares about. For me, though, all I care about are the taxes. The most interesting one here is relate…

Should I insist on paying? —

If you’re new to the freelance world or just looking for some tax help in the insurance marketplace, read on! — We’re nearing year-end, which can mean only one thing: year-end health insurance enrollment! As an employee, I always looked forward to the health insurance packet with a mixture of dread and excitement. Dread, since the prices were rising at ridiculous rates year after year (which have since, thankfully, leveled off)…

All businesses — including writers — can benefit from this legal structure. Though the cost may exceed the benefit. — Are you starting up your own business? Have you taken on a side hustle? Are you now part of the Medium Partner Program and getting a few bucks a month? All these potential money makers, whether they be big or small, are a step into the entrepreneurial world, and add…