Simplifying Business Travel Expenses: 12 Essential Answers for Tax Debt and Preparation
Are you a business owner who frequently travels for work? If so, you may have encountered the challenge of proving your expenses for tax...
top of page
Search
Peter Ellefson
Aug 2, 20233 min read
Avoid an IRS Audit: The Critical Importance of Keeping a Reliable Mileage Log
Quick run through on your best ways to maximize Mileage Deductions for your Taxes!
12 views0 comments
Peter Ellefson
Jul 31, 20232 min read
Unlocking Rental Property Secrets: Your Guide to Tax-Savvy Profits!
*Introduction* So you're thinking of investing in a rental property? It's a great way to generate passive income and build wealth. But,...
17 views0 comments
Peter Ellefson
Jul 7, 20222 min read
IRS increases mileage rate for remainder of 2022
The Internal Revenue Service announced an increase in the standard mileage rate for the final 6 months of 2022. Taxpayers may use the...
31 views0 comments
Peter Ellefson
Jul 5, 20222 min read
Are you Still waiting on your tax refund?
The IRS still needs to process more than 21 million paper tax returns, delaying refunds for many Americans as the agency struggles to...
11 views0 comments
Peter Ellefson
Jul 1, 20223 min read
Top 10 places to live In Arizona in 2022
Here are the Top 10 best places to live in Arizona, based on public voting for the 2022. This is based purely on opinion. 1. Town of...
17 views0 comments
Peter Ellefson
Jun 29, 20222 min read
Is the Housing Market Going to Crash?
The Federal Reserve’s 75-basis-point rate hike has put eyes back on real estate with hopes it will be enough to cool a surging housing...
9 views0 comments
Peter Ellefson
Jun 28, 20221 min read
Legacy Industrial Park coming to Mesa
Phoenix businessman William Levine’s company Pacific Proving LLC bought 1,800 acres from GM in 2004, two years before Scottsdale-based...
23 views0 comments
Peter Ellefson
Jun 27, 20221 min read
Lumber prices are falling when will we see the savings?
Lumber prices slipped deeper into a slumber this week. The price of lumber dropped as low as $660 per thousand board feet on Friday. The...
5 views0 comments
Peter Ellefson
Jun 21, 20222 min read
Standard Mileage Rate v Actual Expenses for Business Expenses
To write off the cost of driving for work, you can apply the IRS per-mile write-off to the number of miles you put in or deduct part of...
33 views0 comments
Peter Ellefson
Jun 20, 20226 min read
Defining “Real Estate Investor” and “Real Estate Dealer”
The first good news is that you can be both real estate investor and real estate dealer with respect to your real estate portfolio. Let’s...
27 views0 comments
Peter Ellefson
Jun 19, 20222 min read
Tax-Deductible Cruise Ship Travel
Did you know taking a cruise ship to Mexico for a business meeting is acceptable as a deductible form of transportation? Because Mexico...
42 views0 comments
Peter Ellefson
Jun 18, 20225 min read
The IRS Wants to Know about Your Crypto
The IRS really wants to know about your bitcoins and other crypto.
18 views0 comments
Peter Ellefson
Jun 17, 20223 min read
Increase Your Tax Deductions Using the Business-Mileage Rule
We absolutely, positively don’t like commuting mileage. You should dislike it, too. It’s personal. It’s not deductible. But with...
14 views0 comments
Peter Ellefson
Jun 16, 202210 min read
All About Limited Liability Companies (LLCs)
Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities. Reason. LLCs have legal...
14 views0 comments
Peter Ellefson
Jun 15, 20222 min read
What is Deflation?
When you notice prices dropping at your favorite stores it’s generally thought of as a good thing, and normally it is. When prices start...
29 views0 comments
bottom of page