Understanding IRS Audits and Compliance for Real Estate and Business Clients
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R.S.K. Tax & Consulting, LLC
March 15 Tax Deadline: What Business Owners Need to Know Tax season is here, and an important deadline is approaching quickly. While many people focus on the April 15 tax deadline, some business owners actually have an earlier filing date that often gets overlooked. March 15 is the deadline for certain business tax returns. If your business is structured as a Partnership or an S Corporation, your 2024 business tax return must be filed by March 15, 2025. Why is this deadline earlier?...
Medical & Dental Private Wealth Series Most specialists focus on production—more patients, more procedures, more growth. But here’s the uncomfortable truth:How you structure your practice often determines how much of that income you actually keep. Many high-earning dentists and physicians unknowingly fall into what I call the “Orthodontist Trap.”You build a highly specialized practice, but if your entity structure is not optimized, the IRS quietly becomes your largest partner. Let’s break...
Unlock Hidden Tax Savings in Your Real Estate Investments 💰 If you own rental properties, office buildings, or apartments, you could be leaving a massive tax deduction on the table — and most accountants aren’t pointing it out. It’s called a Cost Segregation Study, and it could turn your slow, 39-year depreciation into a powerful cash-saving strategy today. Here’s how it works: The Old Way: You buy a building for $1,000,000. Standard IRS rules spread depreciation over 39 years — that’s...