The Ultimate Guide to Owning a Short-Term Rental

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If you’re considering investing in real estate, you’re not alone. Most millionaires still agree that real estate is the best investment you can make today, and for good reason. However, out of all your rental options, short-term rentals have made quite a name for themselves in recent years. That’s because, with the right tools, you…

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Cryptocurrency Has Unique Rules When It Comes to Income Taxes

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So far in the gaining popularity of cryptocurrencies, we’ve only heard from the IRS in 2014 and 2019 on how crypto impacts your taxes. Throughout the history of crypto, the IRS has marked virtual currency as property. Because of this unique designation, cryptocurrencies are subject to capital gains taxes. For the Beginners – What is…

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Physician Tax Solutions’ October Tax-Saving Tips

If you have employees, you must withhold their 6.2 percent share of the Social Security tax from their wages up to an annual wage ceiling ($137,700 for 2020). You must pay the money to the IRS along with your matching 6.2 percent employer share of the tax.

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