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...
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...
26
Feb
FinCEN Beneficial Ownership Information
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By
Key Takeaways
New federal filing for most small businesses (99% affected) — part of the Corporate Transparency Act starting Jan. 1...
25
Apr
May 2024 Book Updates
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By
Key Takeaways
Passive investor status can reduce self-employment taxes, allow deductions against passive income, and avoid mandato...
16
Sep
Pay More Taxes
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By
Key Takeaways
Focus on wealth, not just tax savings: Sometimes paying more taxes strategically can help grow your business and per...
02
Sep
529 to Roth IRA Conversion
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By
Key Takeaways
529 to Roth IRA conversion starts in 2024: Allows overfunded or unused 529 plan funds to move into a Roth IRA for th...
