Gubler Tax & Accounting Solutions

05/07/2026

Own a rental property (Airbnb, Vrbo, etc.)? There may be instances where your rental activities must be reported on Schedule C, rather than Schedule E; thus, subjecting you to Self-Employment tax.

The deciding factor is whether you provide “substantial services” to your guests, if the answer is yes, then you should be reporting your rental activity on Schedule C.

Think services a hotel or resort may provide its guests during their stay. For example, are you providing maid service during their stay, do you provide breakfast, or help guest plan travel itinerary, transport them to/from the airport, etc. These could be construed as substantial services and trigger the SE Tax on your net rental earnings.

There are certain services that are not typically considered by the IRS to be “significant” these can include routine repairs, trash collection, maintenance of common areas, and security services, and typically would not trigger SE Tax.

This, like many tax situations, is based on the facts and circumstances. Talk to a trusted tax advisor, make sure you outline potential services you plan to provide to guests prior to year end to allow for proper tax planning.

12/14/2025

No tax on tips? Not in NYS.

New York will decouple from the OBBA and require taxpayers to add-back any tips that were deducted on their federal tax return on IT-225.

Just a heads-up to service workers, and others that regularly receive tips as tax time is rapidly approaching.

12/08/2025

With Christmas just 17 days away, I hope you're all enjoying the holiday season.

If you need a new accountant or CPA help with tax issues before the new tax season, I can assist.

Happy Holidays! Gubler Tax & Accounting Solutions

11/11/2025

09/19/2025

The IRS will stop accepting/sending paper checks for tax due/refunds 9/30/2025. Going forward, most Individuals and businesses will be required to make payments electronically and receive refund checks via direct deposit.

You can make tax payments online via www.irs.gov using “Direct Pay”;

or by signing up for EFTPS at www.eftps.gov.

EFTPS (Electronic Federal Tax Payment System) may take a couple of weeks to enroll, and receive your PIN number in the mail. However, taxpayers are able to view their tax payment history easily, and cancel payments, etc. so it is a great option for businesses.

Just a friendly reminder to familiarize yourself with these options, and give your tax professional your banking details for the upcoming tax season.

09/05/2025

Contact us today

07/09/2025

*NEW FOR 2025*
Personal auto loan interest tax deduction.

Beginning the 2025 tax year, individual taxpayers can claim a maximum deduction of up to $10,000 for interest paid on loans used to purchase a qualified passenger vehicle.

The deduction can benefit you even if you take the standard deduction and do not itemize. The auto loan must be taken out after 2024, and the vehicle must have final assembly in the USA.

Qualified passenger vehicles include NEW (not used) on-road cars, trucks, SUVs, and motorcycles under gross weight of 14,000 lbs. As stated above, maximum deduction is $10,000, but phases out at AGI of $100,000 (Single), or $200,000 married filing jointly. Taxpayers will have to include the vehicle’s VIN with their tax return to verify the vehicle’s final assembly was in the USA.

Contact me with any questions, or any of your tax needs.

Michael J Gubler CPA
(518)650-1776
[email protected]

07/05/2025

Happy 4th of July! I hope everyone is enjoying being together with family and friends, celebrating this happy day and being thankful.

Let a CPA take the load off and help you with your tax and accounting responsibilities so you can spend more time with your family and friends.

Call me directly at 518-650-1776.

06/30/2025

Do you have non-employee income? (Income from self-employment, investment income, etc.) Here is how to calculate estimated tax payments to meet the safe harbor to avoid underpayment penalties this year:

1. De Minimis exception: If you owe less than $1,000 on your current year tax return, you will not owe underpayment penalties.

2. Make quarterly estimated tax payments based on:

a. 100% of last year’s income tax (110% if AGI is over $150k)

b. 90% of the current year income tax.

c. Annualized installment method, which takes a bit more planning, but is very useful for seasonal businesses, and income streams.

As always you can always contact me for assistance, or further information.