Hobby Loss Rules
If you just started a side hustle or your business has not turned a profit in the last 3 years, this is for you... Beware of the hobby...
top of page
The Greenberg Group Blog
Everything you need to know.
Search
Harrison Greenberg
- May 10
- 1 min
Exceptions To Passive Loss Rules (AIR BNB LOOPHOLE)
Hi everyone, Here's part two. Air bnb's and other short term rentals can qualify as an exception to the passive activity rules. Here are...
0 views0 comments
Harrison Greenberg
- May 9
- 2 min
Exceptions To Passive Loss Rules (REAL ESTATE PRO STATUS)
I've been getting questions about rental real estate and if you can use losses to offset non passive income. So here are the rules. The...
0 views0 comments
Harrison Greenberg
- May 1
- 1 min
First Republic Bank Failure
Most of you may already know that FRB was sold to JP Morgan today. If you have a personal or business account, you continue to have...
11 views0 comments
Harrison Greenberg
- Apr 5
- 1 min
CALIFORNIA HOMEOWNERS PROPERTY TAXES DUE NEXT WEEK
If you're a homeowner in California, please read on......... Your next property tax payment is due April 10. Best if you pay on line at...
14 views0 comments
Glenn Greenberg
- Feb 24
- 1 min
ERC NOT TAXABLE IN CALIFORNIA!!
Good news! Great news! If your business is in California and received ERC funds in 2022, Sacramento has weighed in and has determined...
28 views0 comments
Harrison Greenberg
- Feb 22
- 1 min
Back Door Roth IRA
If you're making an IRA contribution for 2022, this one's for you........... Here's a refresher: There are two types of IRA accounts: ...
27 views0 comments
Glenn Greenberg
- Feb 10
- 2 min
CALIFORNIA UPDATE: YOU CAN FILE YOUR PERSONAL TAX RETURN
Quick update on this morning's email..............IRS just announced that it WILL NOT tax California residents on the refund checks. Good...
23 views0 comments
Glenn Greenberg
- Feb 10
- 1 min
Tax Return Filing Delayed For California
f you are a California resident, or if your business is in California, this is for you... CALIFORNIA RESIDENT............ IRS just...
24 views0 comments
Harrison Greenberg
- Feb 1
- 1 min
RRF "Tax Credit"
If you run a restaurant or bar, this one's for you....... The US Senate and House have each apparantly introduced bills to provide a...
17 views0 comments
Harrison Greenberg
- Jan 16
- 1 min
Standard Mileage Rates For 2023
If you get reimbursed from your employer for business use of your car, this one's for you........ Effective 1/1/23, the standard...
13 views0 comments
Harrison Greenberg
- Jan 13
- 1 min
One Time Payroll Tax Charge Coming Soon
If you have a business in California with employees, please read on........ Your payroll service will (most likely) be charging your...
15 views0 comments
Harrison Greenberg
- Dec 26, 2022
- 1 min
Control Your Taxable Net Income: Control Year End Business Income & Expenses
If you are self employed, or run your business on cash (not accrual) accounting, please read on..... Cash Accounting means that income...
16 views0 comments
Harrison Greenberg
- Dec 23, 2022
- 1 min
Donating Stocks To Charities
Many of you are making year end donations to your favorite charity. Consider donating stock that has appreciated. If you've owned the...
8 views0 comments
Harrison Greenberg
- Dec 20, 2022
- 1 min
Convert Your Traditional IRA/401K To A Roth IRA
If you have a traditional IRA/401k, please read on... If your income will be much lower than usual this year, consider converting all...
8 views0 comments
Harrison Greenberg
- Dec 19, 2022
- 1 min
Back Door Roth IRA
I've been getting questions about retirement account contributions for the 2022 tax year. One of the main accounts that I'm getting...
10 views0 comments
Harrison Greenberg
- Dec 16, 2022
- 1 min
IRS Tax Credits For EV Car Chargers
If you have an EV car and are buying a charger, please read on............ If you're installing an EV charger in your home, you get an...
5 views0 comments
Harrison Greenberg
- Dec 14, 2022
- 1 min
1099 Processing For Independent Contractors
f you run a business and paid independent contractors (IC), please read on........... Any IC paid $600 or more during 2022 needs a 1099...
4 views0 comments
Harrison Greenberg
- Dec 9, 2022
- 1 min
SEP-IRA Contributions
If you're self-employed, this is for you. If you don't already have a SEP-IRA, you may want to consider opening one. A SEP-IRA is a...
7 views0 comments
Glenn Greenberg
- Dec 9, 2022
- 1 min
RESTAURANT RECOVERY FUND (RRF) REPORTING
If your restaurant or bar received an RRF funding in 2021, please read on..... SBA requires annual reporting on the use of the funds...
5 views0 comments
bottom of page