Section 280A and Airbnb – Tax Consequences

Section 280A and Airbnb – Tax Consequences

The popularity of online rental marketplaces like Airbnb has exploded, providing a previously unavailable income opportunity for people. By blurring the lines between personal and business space, Airbnb ‘landlords’ could end up dealing with the IRS. Learn how you need to protect yourself as a short-term rental landlord. Renting out your home through a service like Airbnb, as a short-term…

Tax Tuesday Episode 108

Tax Tuesday Episode 108

…of your reimbursable expenses before your corporation makes a profit? 00:35:12.04 – What are the best practices to get solid bookkeeping results with the least effort using either Quickbooks, spreadsheets, or other means? 00:40:14.00 – I’m starting an Airbnb business and an eCommerce store. What bookkeeping do I use to integrate with Airbnb and Spotify? 00:48:05.04 – What is the…

BiggerPockets Review: 7 Pros and Cons for Real Estate Investors

BiggerPockets Review: 7 Pros and Cons for Real Estate Investors

…can be answered by experts in the numerous discussion threads—everything from advanced tax strategies to the pros and cons of Airbnb. Even if your question does not get answered by an expert, individuals who have gone through a similar experience can put in their two cents and provide some perspective on the issue. PRO: Powerful Software Tools For investors who…

Tax Tuesday Episode 109

Tax Tuesday Episode 109

…costs to start a business tax-deductible, and will we get a refund on what we put into starting our business? 00:32:20.09 – What is the best way to fund an Airbnb if money is no object: cash or a mortgage? 00:36:54.03 – What is the best way to fund a new small business based mainly on one piece of equipment…

Tax Tuesday Episode 111

Tax Tuesday Episode 111

In this episode of Tax Tuesday, Toby Mathis brings tax knowledge to the masses and breaks down your tax questions LIVE! He’s joined by Jeff Webb, CPA and Tax Director at Anderson Business Advisors.   Featured Questions 00:08:52.02 – I have a short-term rental (Airbnb). What’s the best way to protect my income distributions from a lien? 00:13:52.06 – Are…