Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a Text Message.
How can you take advantage of tax strategies for rental properties in order to maximize investment returns? In this episode of the Small Business Tax Savings Podcast, Mike talks about the different types of depreciation such as straight line, accelerated bonus, and section 179, how cost segregation can be used to accelerate depreciation, and how losses from rental properties can be used to offset other income.
Mike covers Mortgage Interest, Property Taxes, Insurance, Repairs and Maintenance, Travel Expenses, and Hiring Your Kids.
Tune in now and hear Mike discuss leveraging tax strategies for rental properties to maximize investment returns!
[00:24] Exploring Depreciation Strategies For 2023
[02:06] How To Leverage Cost Segregation Studies
[07:45] Exploring The Short Term Rental Loophole
[16:23] Closing Segment
Key Quotes
“Depreciation is a powerful tax savings tool, and it's one of the reasons that so many people can get into real estate, rental properties, and utilize losses from that rental property to offset their income.” – Mike Jesowshek, CPA
______
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
IncSight Packages: https://incsight.net/pricing/
Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
--------
To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com
Should I Stay a Sole Prop or Organize an LLC or Corporation?
What Initial Things Should I Consider When Starting A New Business?
What Can I Deduct As A Business Expense?
Small Business Tax Savings Podcast - 3 Years in Review + Promo
What Do I Need To Know About Retirement Plan Deadlines?
How Does The Child Tax Credit Work For 2021?
How Can I Deduct 100% of Employee Recreation and Parties?
How Do I Avoid A Big Tax Bill Or Surprise?
How Are Start-Up Costs Handled?
What Are Baseline Tax Strategies vs Advanced Tax Strategies?
I Accidentally Paid For Business Expenses Using Personal Funds, Now What?
Modernizing Your Small Business w/ Special Guest Gordon Henry
Why Should I Hire My Kids In My Business?
What Do I Need To Know About Meal Expenses For 2021?
How Do You Get Profits Out Of Your Business?
What If I Cannot Afford To Pay My Taxes When Due?
Is It Fine To File An Extension And What Do I Need To Know About Tax Extensions?
Can I Have A Home Office If I Have Another Office?
American Rescue Plan Act – What Do I Need To Know?
Do I Need To File A Tax Return (Personal or Business)?
Create your
podcast in
minutes
It is Free
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money