18
Oct
Luxury Cars, Car Shows, and the Myth of the “Marketing Deduction”
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By
Jason Watson
Overview of Luxury Cars as Marketing Deductions
Luxury toys are not tax tools. Owning a Ferrari, a yacht, or a racing hobby might ...
16
Oct
October 2025 Rental Property Book Updates
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By
Overview of our October 2025 Book Updates
Beat PAL limits first. The biggest rental tax wins start by clearing passive activity lo...
16
Oct
Short-Term Rental Tax Loophole
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By
Key Takeaways
STR loophole turns rentals into a business. When your average guest stay is 7 days or fewer and you materially parti...
14
Oct
July 2025 Rental Property Book Updates
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By
Overview of our July 2025 Book Updates
Short-term rentals with average stays of seven days or less can’t be grouped with long-term...
11
Oct
When a Home Becomes a Rental
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By
Overview of the Converting Residence Into Rental
Tax Court case Smith v. Commissioner (T.C. Memo. 2025-24) highlights the importan...
07
Oct
Rental Expert Pod
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By
Overview of the Rental Expert Pod
Specialization matters. WCG’s Pod system lets our CPAs “stay in their lane” — delivering focused...
26
Feb
Material Participation REPS Log
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By
Key Takeaways
Time logs must be kept in real-time to meet IRS “contemporaneous” standards.
Record all time spent on rental acti...
26
Jan
CostSegEZ Preferred Cost Segregation Provider
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By
Key Takeaways
Cost segregation (CostSeg) helps real estate investors accelerate depreciation, lower taxes, and increase cash flow....
01
Jul
Real Estate Professional Defined
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By
Key Takeaways
Rental losses are often limited by passive activity rules, which cap deductions for non-passive income.
Passive l...
12
Jun
Cost Segregation in a Nutshell
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By
Key Takeaways
Cost segregation lets you accelerate depreciation on real estate by separating property into shorter-lived asset cla...
