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Beyond Basic Rentals: How Your Airbnb Can Become a Tax-Saving Machine Are you an Airbnb host, or considering becoming one? If so, you're in for a treat! While short-term rentals offer fantastic income potential, did you know they can also unlock significant tax advantages that could save you thousands? It all comes down to understanding what the IRS considers "substantial services." This isn't just about renting out a spare room. By providing services similar to a hotel or bed-and-breakfast,...
Breathe Easy, Plan Smart: Your Post-Tax Season Check-Up is Here! The flurry of tax season has finally settled. At RSK TAX AND CONSULTING, LLC, we know you've put in the work to file your returns. Now, as the dust clears, it's the perfect opportunity to take a step back and gain valuable insights for the future. This isn't just about putting paperwork away until next year. It's about understanding your financial landscape, identifying areas for improvement, and proactively planning for a...
Unlock Your Financial Power: Mastering Your Books for Success Ever feel like you're navigating your finances in the dark? You're not alone! Understanding your financial situation and keeping accurate books isn't just about ticking boxes – it's your secret weapon for achieving financial success and planning for a smoother tax season. Think of your financial records as a roadmap. Without it, you're driving blind, unsure of where you've been, where you are, and where you're headed. But with...