As a business owner, we understand you have a lot on your plate. Simply managing the day-to-day affairs of your business and looking for growth opportunities most likely consumes the majority of your time. This means you may struggle to find the time — or the desire — to stay up to date on the latest changes to the highly-complex Internal Revenue Tax Code.
When it comes to worrying about your taxes, most people only worry about it when tax season rolls around in late January. This is when employers send out W2’s for the year and most people get a start on filing their taxes.
When it comes to real estate and taxes, there are many factors that come into play when figuring out what can be deducted in April. Are you a single-dwelling homeowner owning their own home? Or are you a landlord maverick with multiple rental properties?