Understanding pass-through income
If you own a business, it’s a must to understand the tax side of the business. Maybe you’ve heard of the advantages of registering your business in a no income tax state. In fact, you may have found companies offering … Read More
Choosing a Business Entity
As with most things in business and life in general, it’s all about the basics, right? Well, here are the basics. If you already know them, but aren’t implementing them, it’s time to start. If you’re just getting started, it’s … Read More
Taxes When Renting Out Your RV
Thinking of taking a trip away from your motorhome or RV? Plan on renting it out while you are gone. Keep these tax rules in mind. Now you can plan ahead for taxes when renting out your RV or vacation … Read More
Full-time RV living: Can I deduct travel expenses on my taxes?
Most of you proudly identify yourself as a full-time RVer or digital nomad because you’re living your dream. You are lucky enough to travel full-time while working remotely from the road. Does this mean you can take all your costs as a travel expense? … Read More
Residential Energy Efficient Property Tax Credits: Solar
This year is different, because this was the year you installed solar on your RV (or qualifying property), and now you’re ready to get that big fat tax credit to take 30% right off the top of that expense. I’m here to hopefully … Read More
Do I itemize or take the standard deduction?
How do you know if should itemize or take the standard deduction? First of all, what is the difference? The standard deduction is a fixed dollar amount that reduces your taxable income and varies according to your filing status. On the other … Read More
4 Possible Tax Deductions for RV owners Explained
Unfortunately, for us RV owners who full-time, some of our deductions are limited as compared to a sticks and bricks homeowner. However, there is some overlap. As an RV full-timer myself, I understand the limitation of tax deductions for RV owners. … Read More
7 Reasons to efile your taxes
Taxpayers who still file paper returns may find now is the best time to switch to e-file. Last year over 85 percent of taxpayers filed their taxes electronically. E-file is the fastest and safest way to file. Here are the … Read More
Small Business Tax Deduction Checklist
Tracking revenue and getting paid with accounting software is a piece of cake, right? But what about finding your business’ bottom line… and calculating what you owe Uncle Sam? In a small business, maximizing your tax deductions is critical to … Read More
Taxes when you live fulltime in an RV
With so many questions, tax time can feel overwhelming. With this list I hope to answer some questions to aid in gathering information and staying organized throughout the year to make tax time easier. Remember each of us are individual and … Read More