
Business Advisory Services
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
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Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.
Everything you need from tax return preparation for your small business to your rental to your corporation is here.
WCG’s primary objective is to help you to feel comfortable about engaging with us
Posted Wednesday, June 11, 2025
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Welcome to the Real Estate Investment Hub designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA. Very few tax professionals and CPA firms specialize in real estate to provide you solid consultation, tax planning including tax reduction strategies, and tax return preparation. We are experts in-
We have written several different articles about various real estate investment considerations including cost segregation, fix and flips, short-term rental loophole, 1031 exchanges, among other things. As such we have created the real estate investment hub which is a collection of snippets from other content on our website.
Most of this comes from our rental property book, I Just Got A Rental, What Do I Do? available online in our Knowledge Base or Amazon.
We provide a list of common rental expenses, and explain the rules so you can position yourself correctly.
Everyone loves loopholes, right? The short-term rental loophole requires 7 day guest stay average and material participation.
When you buy real estate for business or rental use, you can accelerate components of the building faster than others.
There are three thresholds needed for real estate professional status and your rental losses are no longer limited.
This is the million dollar question at times. Can I deduct immediately? Or do I depreciate over time?
Generally, there are two ways to compress time and accelerate the tax benefits with a rental property.
Tax planning strategies are commonly addressed in December as small business owners and other taxpayers start to freak out…
WCG CPAs & Advisors encourages short-term rentals to be owned by partnerships (ie, a multi-member LLC). Why? For three reasons-
Click on the buttons below to review our rental property tax return preparation procedures and general fees. A checklist and our online submit form for compiling your business activities is included.
See our tax return preparation fees for various rental activities plus answer questions about how it all works.
The quality of your tax return and the timeliness of its preparation depend strongly on obtaining all your tax documents and information.
Do you own a rental property in a partnership and file a Form 1065 and 8825 to report the activities? We can help.
We have created a nice template in Excel to present your rental property activities including acquisition and setup.
The following is a list of common rental property tax deductions. Some of these are short and sweet while others have an entire section to themselves
One of our primary focuses at WCG is ensuring you are paying the least amount of taxes allowed by law. Shocker, right?
WCG has a specific advisory platform for our rental property owners and real estate investors- Investor Patrol!
Here is a quick list of the necessary steps to have WCG CPAs & Advisors prepare your individual tax returns. Important dates and considerations during the tax extension season-
The following buttons highlight some additional real estate investment and rental property considerations. Most of these are excerpts from our second book, I Just Got A Rental, What Do I Do?, which you can read more about below.
Let’s say you have rental properties in Montana, Colorado and Texas. For all the benefits of using an LLC to own your rental property…
We consider rental property investments and other real estate activities to be a business in the purest sense. Why?
Material participation is one the most scrutinized and talked about topics among real estate investors and rental property owners.
It is easy and common to overlook rental property and real estate investment nuances at the state level. Here are some random considerations-
It is common to have a second home that you rent out. It is also common to have a rental property that you use personally.
Let’s talk about deducting your rental property travel expenses ahead of others. Sure, accelerated depreciation or repairs versus improvements are class favorites
When you sell a rental property, either as an investment or as a business, you can invoke IRC Section 1031 to fully defer your capital gains tax
There are 3 separate safe harbors for repairs to help rental property owners deduct the costs.
I just got a rental, what do I do? Purchasing a rental property is certainly challenging, but operating one to build wealth and find tax efficiency is equally challenging. This is our second book. Our first book, Taxpayer’s Comprehensive Guide to LLCs and S Corps, was first published in 2014 and was well-received by small business owners and tax professionals, so we thought a book on rental properties and real estate investments would be equally helpful. So, here we are with our second iteration, or the 2025 edition. We plan to update annually.
Our rental property book starts with entity structures and moves into asset management such as acquisition, cost segregation, rental safe harbors, repairs versus improvements, accelerated depreciation, partial asset disposition, and 1031 like-kind exchange. From there we discuss various rental considerations like passive activity losses, short-term rental loophole, real estate professional status, and material participation including what time counts, and what time doesn’t count.
Finally, the good stuff! Rental property tax deductions such as travel, meals, automobiles, interest tracing, home office and common expenses. Fun!
It is available in paperback for $19.95 from Amazon and as an eBook for Kindle for 15.95. Our book is also available for purchase as a PDF from ClickBank for $12.95. This book is written with the general rental property in mind. Too many resources tell you the general rule but don’t bother to back it up with Internal Revenue Code, Treasury Regulations and Tax Court cases. Our book lays it all out, explains the madness, adds some humor and various conundrums.
Enjoy! And please send us all comments, hang-ups and static. This book is as much yours as it is ours, except the tiny royalty part- that’s ours. Stop by and we’ll buy you a beer with the pennies.
If you buy our 420-page book and think that we didn’t help you understand rental property tax laws, let us know. We never want you to feel like you wasted your money. If you are ready to add some insightful reading into your day, click on one of the preferred formats. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will email you the PDF as an attachment.
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Tax planning season is here! Let's schedule a time to review tax reduction strategies and generate a mock tax return.
Tired of maintaining your own books? Seems like a chore to offload?
Please use the form below to tell us a little about yourself, and what you have going on with your investments and wealth-building objectives. WCG CPAs & Advisors are real estate CPAs, tax strategists and rental property consultants, and we look forward to talking to you!
The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.
We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”
Let’s chat so you can be smart about it.
We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.
Everything you need from tax return preparation for your small business to your rental to your corporation is here.
WCG’s primary objective is to help you to feel comfortable about engaging with us