It's about that time again -- time to tackle the paperwork and offer up an annual accounting of your earnings and income to the Internal Revenue Service.
Got questions? Want to pick a CPA's brain?
You're in luck, because Mike Grinnan, who's a CPA and also KREIA's treasurer, is taking the floor at February's main meeting to tell us what we need to know before filing.
Mike specializes in working with real estate investors, so hit him up with your questions.
Mike will be covering:
- Financial Crimes Division of the government and Beneficial Ownership Reporting
- Social Security Benefits Boost for Federal and State retirees
- IRS mailing out $1400 checks related to tax year 2021.
- Funding IRAs for real estate investing
- Get ready for 2024 income tax filing and prepare for 2025
- Federal disasters give more time to file
- How to change your 2024 taxable income in 2025
- 1099-K reporting for 2024 and 2025
- Short-term rentals are different than Long-term rentals with different tax treatment
Please join us for our February Main Meeting.
Meet Mike Grinnan
Mike Grinnan has been an accountant for more than 42 years and a CPA for about 40. Mike said he has always been interested in real estate investing, “but my passion is, obviously, accounting. So I’m really fortunate to work with a lot of real estate investors."
While his profession gives him a first-hand look into how people make a living flipping or renting out houses, Mike’s first personal venture into real estate came in his 40s when, as a partner in his CPA firm, he participated in the ground-up construction of a five-story commercial office building. The building became the firm’s new headquarters.
Check out Mike’s website for tax resources he has collected of relevance to investors.