02
Nov
Mileage Myths Busted: Khan v. Commissioner Puts Landlords and Small Businesses on Notice
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By
Jason Watson
Overview of Mileage Logs and Substantiation
Strict really means strict. The Tax Court wasn’t being poetic — IRC 274(d) requires ex...
27
Oct
The Perfect Tax Marriage: Short-Term Rentals Meet Bonus Depreciation
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By
Marriage isn’t just for people—it’s for tax strategies too. Bear with us as we have some fun...
Sometimes two parts of the tax code ...
18
Oct
Luxury Cars, Car Shows, and the Myth of the “Marketing Deduction”
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By
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...
04
Jul
One Big Beautiful Bill (OBBB)
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By
Overview of the One Big Beautiful Bill (OBBB)
Before we dive into the nitty gritty of this new bill, here are some of the key highligh...
14
Jul
Understanding IRS Underpayment Penalties: Avoid Costly Mistakes in 2024
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By
Key Takeaways
IRS underpayment penalties apply when you don’t pay enough taxes throughout the year.
In 2024, the IRS interest r...
