by jerry.chyo@gmail.com | Aug 3, 2023 | Tax Planning, Tax Preparation
Deducting legal fees on your taxes “Feels” like a no brainer. I mean, paying an attorney just feels like it should be deductible, right!? Should you know what kind of legal fees are tax deductible? Not all legal fees are tax deductible. After you read this...
by jerry.chyo@gmail.com | Jul 21, 2023 | Tax Planning
I’ll admit. This retirement stuff can be confusing. I mean really confusing. 401K’s, IRA’s, wait…there are more than one kind of IRA? SEP IRA? ROTH IRA? ROTH 401K?? What are they trying to do to you!?! How do they compare? Why are...
by jerry.chyo@gmail.com | Jun 14, 2023 | Tax Planning
Or, how to use a Private Placement in Your Self Directed IRA to fund your business with retirement savings and pay no tax! You’ve worked at a job for the past 15 years and want more from your career. Starting your own business is typically the next step. How...
by jerry.chyo@gmail.com | Jun 5, 2023 | Tax Planning, Tax Preparation
We all drive. Almost everyone who is self employed will have to use their car for business. How do you write off your car? Let’s take a look at what you can and cannot deduct when it comes to your vehicles. When it comes to auto deductions for self...
by jerry.chyo@gmail.com | Jun 5, 2023 | Tax Planning, Tax Preparation
I’ve had a lot of clients who were real estate investors and they all want to write off their travel expenses to visit a property or check a prospective property they may purchase. Can you deduct travel expenses? For the most part (remember later that I said “most...
by jerry.chyo@gmail.com | May 19, 2023 | Tax Planning
Hey All. Today I’m going to talk about 5 types of tax deductions every real estate agent should know about. As a real estate agent, you will have the “normal” kinds of expenses available (like office supplies and meals) but there are a few other kinds of...
