Keystone CPA, Inc.

Excited to be taking the main stage at the 2024 Best Ever Conference in SLC next week to teach over 1,000 investors on tax strategies for REI.

Let us know if you will be attending 👇

https://www.besteverconference.com/

San Diego County residents and business owners:

The IRS announced that you now have until June 17th, 2024 to file your 2023 Individual, S Corporation, and LLC Partnership income tax returns and payments. You also have until then to contribute to your IRAs and health savings accounts and make any 2024 estimated tax payments normally due on April 15th.

For more information, visit www.irs.gov/newsroom/irs-san-diego-area-taxpayers-impacted-by-severe-storms-flooding-qualify-for-tax-relief-various-deadlines-postponed-to-june-17.

IRS: San Diego area taxpayers impacted by severe storms, flooding qualify for tax relief; various deadlines postponed to June 17 | Internal Revenue Service IR-2024-51, Feb. 27, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. 21.

The best time to start working towards our 2024 goals is today…and I need your help. 😊

I’m planning my 2024 calendar and want to make the most of it. Let me know what top real estate conferences to attend. And if you are planning on attending, let me know so we can meet up! 💪

The IRS allows passive real estate investors to deduct rental losses against other sources of income, like W2 earnings. 🤓 You can take advantage of this tax benefit without meeting the 'real estate professional' criteria. It's all about leveraging the tax code to maximize your savings. 😉

So, whether you're a real estate pro or just starting in the game, the tax code offers opportunities to keep more of your hard-earned money. 🌟

✨ Link in bio for the Free Tax Savings Toolkit! ✨

Want to reduce your tax bill?

👉🏼 Start by maxing out pre-tax contributions to retirement accounts, like your 401(k), to lower your taxable income.
👉🏼 Explore tax credits, like the Child Tax Credit, that directly reduce what you owe.
👉🏼 Consider flexible spending accounts (FSAs) to cover healthcare or dependent care expenses with pre-tax dollars.
👉🏼Finally, keep meticulous records to maximize deductions.

With these smart strategies, you can trim your tax bill while building a brighter financial future.

✨ Link in bio for the Free Tax Savings Toolkit! ✨

Did you know that bringing your spouse into your business can open the door to valuable tax write-offs? 📝💰 Here's why it's a strategic move:

1️⃣ Increased Deductions: Employing your spouse allows you to deduct more and contribute more towards retirement accounts, reducing your taxable income.
2️⃣ Fringe Benefits: You can provide tax-advantaged fringe benefits like health insurance plans for your spouse. 3️⃣ Family Collaboration: Working together fosters collaboration and strengthens your financial future as a team.

It's like combining your superpowers for financial success! 🌟 But remember, tax rules can be complex, so consult with a tax professional to ensure you maximize these benefits while staying compliant.

👉Follow for more tax-saving tips! 💰

Having your kids contribute to your real estate ventures can lead to many benefits beyond just the tasks at hand 📝 It's like sowing the seeds of financial wisdom early on! 🌱 From instilling a solid work ethic to teaching them about the world of investments and business, the lessons they learn are invaluable. Plus, you can create opportunities for them to earn income while gaining tax-saving benefits for your business.

👉Follow for more tax-saving tips! 💰

Just like choosing the right outfit, selecting the correct type of real estate asset is about finding the perfect fit for your lifestyle and goals. 📝

Whether residential properties that bring steady rental income, commercial spaces with potential for growth, or vacation homes that double as getaways, each asset offers unique advantages.

So, consider your risk tolerance, desired level of involvement, and long-term vision. Picking an investment that aligns with your lifestyle optimizes your financial journey and ensures you enjoy the process.

👉Follow for more tax-saving tips! 💰

Saving on taxes isn't just about the dollars saved – it's about securing your financial future with savvy decisions. It's like creating a cushion of confidence! 🌟

✨ Link in bio for the Free Tax Savings Toolkit! ✨

🎯 Mastering the Art of Focus: Success Starts with ONE THING! 🚀💡

Take a cue from the pros – channel your energy into that ONE THING you're passionate about. 🌟🔥 Embrace expertise and pave your way to success! 💪

👉Follow for more tax-saving tips! 💰

Did you know that bringing your spouse on board your business payroll can lead to double benefits? 💰 By paying them a reasonable salary for the work they contribute, you not only leverage their skills but also unlock potential deductions for your business. Plus, you can access retirement plans, health benefits, and more. Just remember, transparency and compliance are key.

✨ Link in bio for the Free Tax Savings Toolkit! ✨

Real estate taxation is a complex landscape that requires specialized knowledge. It's like having a map for a challenging terrain! 🗺️ A CPA not well-versed in real estate nuances might miss out on valuable deductions or make costly errors. Regarding your real estate investments, it pays to partner with professionals who understand the ins and outs of this intricate world.

✨ Link in bio for the Free Tax Savings Toolkit! ✨

Unveiling the Leveraged Tax Deduction Hack! Say goodbye to out-of-pocket cash on your returns. 🏘️💰 Customize your depreciation game and share your top tax deductions below! 👇💡💸

👉Follow for more tax-saving tips! 💰

Outsmarting Uncle Sam like a Pro! 🕶️💼: Turning the tables on taxes with these seven savvy strategies for your W-2 income. From building your financial fortress with IRAs and 401(k)s to crafting a tax-friendly side hustle, this list is your secret weapon. 🚀

👉Follow for more tax-saving tips! 💰

Let's face it, spending hours researching taxes can be like diving into a never-ending abyss. 😬 Instead, why not save your precious time and tap into the expertise of a Certified Public Accountant? 😏

👉Follow for more tax-saving tips! 💰

When you involve your loved ones in business activities during those family trips, their travel expenses can also become eligible for deductions. It's like turning a family getaway into a tax-saving adventure for everyone! ✈️ From accommodations to meals and even activity expenses, these costs can contribute to reducing your taxable income. Just remember proper documentation and adherence to IRS rules are essential.

✨ Link in bio for the Free Tax Savings Toolkit! ✨

By utilizing a self-directed IRA, you can diversify your retirement portfolio and seize the opportunity to invest in rental properties. Not only can you enjoy potential rental income and property appreciation, but the best part is that all profits stay tax-deferred or even tax-free within the IRA. It's like building your retirement nest egg while your real estate empire grows! 🏠

👉Follow for more tax-saving tips! 💰

In the fast-paced world of real estate, it's easy to forget to stop and smell the roses. But today, let's toast to our successes, big and small! Take a moment to pat yourself on the back, savor the victories, and appreciate the hard work that got you here. Here's to the thrill of achievement and the journey ahead! 🥂

✨ Link in bio for the Free Tax Savings Toolkit! ✨

From airfare and accommodations to meals, transportation, and even conference fees, many expenses associated with business travel can be eligible for deductions. These adventures come with financial perks, whether you're closing deals, attending conferences, or meeting clients in new places. ✈️

✨ Link in bio for the Free Tax Savings Toolkit! ✨

They say keeping track of expenses is crucial, but sometimes it feels like an epic hide-and-seek game. Receipts magically disappear, expenses hide in the shadows, and our bookkeeping skills become a comedy of errors. 😜

👉Follow for more tax-saving tips! 💰

You can tackle challenges, divide responsibilities, and complement each other's strengths, creating a powerful synergy. Moreover, employing your significant other can provide tax advantages, such as the ability to deduct their salary as a business expense.

✨ Link in bio for the Free Tax Savings Toolkit! ✨

True success lies in focusing on what truly matters, streamlining our efforts, and finding balance. By prioritizing our tasks, setting boundaries, and practicing mindful productivity, we unlock a new level of efficiency and effectiveness. Doing less allows us to channel our energy into the essentials, unleashing our creativity and fostering innovation.

✨ Link in bio for the Free Tax Savings Toolkit! ✨

It’s finally out! Excited about my latest Forbes Finance Council thought leadership piece on using IRA and 401k money for real estate.

Taking control of those accounts and being able to use it to invest in real estate can be a game-changer for building-wealth. Read my article to learn:

👉How to move IRA money to real-estate tax-free
👉All the different types of RE you can invest in and
👉Pitfalls and traps to avoid when using retirement money for real estate

And don’t forget to tag a friend or investor here who needs to learn this strategy too 🙌

http://www.forbes.com/sites/forbesfinancecouncil/2023/07/11/exploring-your-options-investing-in-real-estate-with-your-ira/

Using a self-directed IRA, you can diversify your investment portfolio and earn higher returns than traditional retirement investments. Real estate offers the potential for rental income, property appreciation, and tax advantages like tax-deferred or tax-free growth within your IRA. With careful research, due diligence, and guidance from professionals experienced in self-directed IRAs, you can pave the way to a financially secure future.

✨ Link in bio for the Free Tax Savings Toolkit! ✨