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Nicholas Aiola, CPA - Are You Missing These Tax Payments? - Ben Franklin Eye
Do you have income that is not subject to federal and/or state income tax withholding? If so, you may be required to make quarterly estimated tax payments. Why? Because taxes must be paid on income as it’s earned. For example, a W-2 employee receives a paycheck at set intervals throughout the […]

Are You Missing These Tax Payments?



Nicholas Aiola, CPA - Tax Implications of Seller Financing
If you’ve never heard of seller financing — AKA owner financing — in relation to real estate, the good news is it’s an easy concept to understand. The better news is that it could be a tax-advantaged strategy when selling your home. What Is Seller Financing? Seller financing in real […]

Tax Implications of Seller Financing





Nicholas Aiola, CPA - Expensing vs. Capitalizing Repair Costs -Tools on Table
I think it’s safe to say the debate on whether to capitalize or expense repair costs applies to every landlord. Show of hands… Who has never done a single repair on any property…ever. Anyone? I didn’t think so. The issue is determining whether the cost of repairs must be capitalized […]

Expensing vs. Capitalizing Repair Costs




Nicholas Aiola, CPA - Can You Deduct Your Rental Losses - Home
Normally, it’s not good news when you hear the word “losses” in connection with your business. Rental losses, however, can be a good thing. Keep in mind – we’re talking about rental tax losses, not rental cash flow losses. It is possible to generate positive cash flow from your rentals […]

Can You Deduct Your Rental Losses?














Nicholas Aiola, CPA - Why Big Tax Refunds Are Bad News - Bad News
Who doesn’t love getting a nice, big tax refund? Me, that’s for sure. It may sound unconventional, but here are a few reasons why: You’re letting the government hold your money all year Simply put, you get a refund when you pay in more taxes (i.e., through withholding or estimated […]

Why Big Tax Refunds Are Bad News