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Accounting for IROs

Learn the 12 red flags of the IRS that could cause an audit

Wednesday, August 17, 2022
9:00 AM - 10:30 AM (CDT)

Event Details

Sponsored by:

Moonrock logo

Learn the 12 red flags of the IRS that could cause an audit. Also...

Instructor:  Chip Simmonds

  • What things to present to accountant for write-offs that are usually missed - cell phone, internet, home office, education, time logs, mileage logs

  • What is the time frame to get items to accountant

  • How to set up a Legal Entity and the importance of an Attorney

  • Texas LLC to C-corp to S-Corp to Partnership to Single Member LLC (Sch C)

  • Cost Segregation and potential to write off up to 20-25% of the purchase price of real estate.

  • Passive Loss Carry Forward (Form 8582 on your personal tax return) and Capital Loss Carry Forward

  • Difference between Short Term Rentals and Long Term Rentals and how they are taxed

For More Information:

Darlene Willis
Darlene Willis
Director of Member Services San Antonio Apartment Association, Inc. (210)692-7797