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
What Do I Need To Know About Sales Tax?
How Can I Make Tax Season Stress Free and What Are The 2020 Tax Due Dates?
What Do I Need To Know About the COVID Relief Bill?
Appearance on The One Big Tip Podcast with Jeff Mendelson
What Do I Need to Know About Purchasing, Deducting, and Depreciating a Business Vehicle?
What Do I Need To Know About Deducting Self-Employed Health Insurance? PLUS: Last Minute Medical Plan Strategies
What Can I Do In My Business Before Year-End to Minimize Taxes?
What Is An Accountable Plan and Why Is It Important To My Business?
Coronavirus (COVID-19): PPP Forgiveness and Tax Treatment + EIDL Advance
What Is a 1099-NEC and What Do I Need To Know About 1099s?
How Do I Value My Business? What Do I Need To Know If I Plan to Sell? (w/ Special Guest Liz Briggson)
All About Bookkeeping Panel Discussion with JETRO Bookkeepers
Top 7 Most Common Bookkeeping Mistakes Made
What is the Statement of Cash Flows? Any Other Important Financial Statements?
How Do I Read A Balance Sheet and Why Is It Important?
How Do I Read An Income Statement and Why Is It Important?
What Is An Income Statement vs Balance Sheet?
What Is Cash and Accrual Accounting?
What Are Bookkeeping Debits, Credits, and Chart of Accounts?
What Is Bookkeeping and Why Do I Need Bookkeeping For My Business?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money