Blog

You've donated faithfully to your favorite charities for years. Yet when tax time rolls around, you take the standard deduction anyway—meaning all those generous contributions provide zero tax...

Gifting investments to your children seems like a smart financial move—teach them about investing while building wealth for their future. But before you transfer that appreciated stock or add to...

That stock dragging down your portfolio all year? It might be worth more as a tax deduction than as an investment you keep hoping will recover. Welcome to capital loss harvesting—one of the most...

“Can I qualify as a real estate professional to write off my rental losses?” It’s one of the most common questions we hear from investors facing passive loss limitations. While Real Estate...

Imagine paying your 12-year-old $12,000 for legitimate work, deducting it as a business expense—and having them pay zero federal income tax. That’s not a loophole—it’s an IRS-recognized, court...

Choosing a tax professional is like choosing a doctor—you're trusting them with sensitive information and relying on their expertise for your financial health. Yet many people spend more time...

When tax season approaches, the airwaves fill with advertisements from every type of tax professional imaginable. From CPAs at prestigious firms to seasonal preparers at pop-up shops—including...

With less than 60 days left in 2025, every tax-saving move you make now could mean thousands of dollars in your pocket come April. The difference between those who save significantly on taxes and...

Imagine selling a rental property for a $300,000 gain and paying zero in capital gains taxes—legally. That's the power of a 1031 exchange, one of the most valuable tools in real estate investing....

If you're reading this with a stack of unfiled tax returns weighing on your mind, take a deep breath. You're not alone, and more importantly, it's never too late to get back on track. Whether you...

"Should I buy real estate for the tax write-off?" It's one of the most common questions we hear at Desert Rose Tax & Accounting, and the answer is more nuanced than most people expect. While real...

Nobody likes surprises from the IRS—especially when those surprises come with penalty notices. Whether you're a business owner, freelancer, investor, or simply have a more complex tax situation,...

Life is full of emotional milestones like marriage, divorce, or expanding your family. While these events often bring joy and growth, they also come with practical implications, especially when it...

The new federal tax bill — officially named the "One Big, Beautiful Bill" (OBBBA) — was recently signed into law and brings with it one of the most sweeping tax changes in recent years.This...

Think Tax Season Starts in January? Think Again.If you’re like most small business owners, you probably think about taxes intensely for a few weeks each spring—and then push the thought aside for...

Beyond Numbers: Why Bookkeeping Deserves Your Full AttentionMany business owners think of bookkeeping as a back-office chore—something that “just needs to get done.” But in reality, effective...

Don’t Just File—StrategizeTax season can feel overwhelming for many small business owners. But with the right strategy and expert guidance, it doesn’t have to be just about survival—it can be a...