Newsletter and Articles
U.S. Tax Treatment of Foreign Property Development: What You Must Know
Are you building, renovating, or renting out a foreign property while living in the U.S.? If so, the IRS has strict rules about what you can deduct, what must be...
Case Study: Does an S-Corp Actually Save Taxes If You Have a Full-Time Job? A Closer Look for High-Income Professionals
S-Corporations are often promoted as a go-to tax strategy for self-employed individuals and business owners — and in many cases, they are. But if you already have a high-paying W-2...
Case Study: How to Calculate AMT on ISOs & NSOs: Equity Compensation Tax Guide
Navigating the tax implications of exercising Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs) can be one of the most stressful parts of an equity compensation package, especially when...
Solo 401(k): Sole Proprietor vs. S-Corp — Which Structure Maximizes Your Retirement and Tax Efficiency?
For self-employed professionals and small business owners in the San Francisco Bay Area, understanding how to structure your business can significantly impact your tax liability and retirement contributions. At Flex...
Understanding the Used Electric Vehicle Tax Credit: An Opportunity for Eco-Friendly Savings
As part of its ongoing commitment to environmental sustainability and reducing carbon emissions, the U.S. government offers a tax credit for individuals purchasing used electric vehicles (EVs). This incentive not...
5 Reasons Why You Must File for Bankruptcy
In the complex world of financial management and tax planning, understanding the implications of various debt relief options is crucial for maintaining financial health. One such option that often comes...
Managing Your Assets When Married Filing Separately in Community Property States
Filing taxes separately while married in a community property state can present unique challenges and opportunities for asset management. Community property laws require that income and most assets acquired during...
Understanding the Correspondence Audit: Simplifying IRS Documentation Requests
Facing an IRS audit can be daunting, but not all audits are created equal. The Correspondence Audit, known for its simplicity, is the most common type and is typically the...
Understanding Cost Segregation: A Strategic Tax Savings Tool
Cost segregation is a valuable tax strategy designed to accelerate depreciation deductions for property owners. By reclassifying components of a property into shorter-lived categories, businesses and investors can unlock significant...
The Strategic Advantages of Being a Real Estate Professional: Tax Implications and Cost Segregation Benefits
Introduction In U.S. tax law, being classified as a “real estate professional” carries significant implications, especially concerning the treatment of rental income and losses. This status not only affects the...
