Kelly Clark Taxes

08/01/2025

💰High W-2 Income? There’s a Tax Loophole You Should Know About…

If you’re a high-income W-2 earner, you’re probably used to getting crushed by taxes. But there’s a little-known real estate strategy that could help you legally offset a chunk of your income:

🏡 Short-Term Rental Loophole

When set up correctly, you can invest in a short-term rental (like Airbnb) and use the losses to offset your W-2 income — without qualifying as a real estate professional.

Yes, even if you have a 9–5.

💡 The key? Material participation + STR rules (7-day stays or less).
🛠 Bonus depreciation + cost segregation = major deductions.

It’s 100% legal and incredibly powerful — especially while bonus depreciation is still phasing out.

08/01/2025

08/01/2025

🚨 IRS Direct File Has Ended 🚨

Just a heads-up: The IRS has officially shut down its Direct File program — which means you can no longer e-file your tax return directly through the IRS website.

If you planned to file directly with the IRS this year, that option is no longer available.

🧾 You’ll now need to use:
✔️ A trusted tax professional
✔️ Commercial tax software (like TurboTax or H&R Block)
✔️ Or an IRS Free File partner if you qualify

Need help filing or unsure of your options? I’d love to help you navigate it — reach out with any questions!

01/18/2025

💼 Find a Trusted Tax Preparer with Confidence! 💻

Did you know you can verify if a tax preparer has their credentials with the IRS?
Or that you can check a tax office’s performance, including the number of successful tax returns they’ve filed?

Now you can—and it’s easy to do! Here’s how:

1️⃣ Verify Tax Preparer Credentials
The IRS Directory of Federal Tax Return Preparers lets you search for qualified professionals who meet IRS standards. Find someone you can trust with your taxes!
👉 Search here: https://irs.treasury.gov/rpo/rpo.jsf

2️⃣ Check Office Performance
Curious about how many returns a tax office has successfully filed? Use this handy tool to review their track record:
👉 Visit here: https://dashboard.refundo.com/2024/ext/ #/index

🔑 Why It’s Important:
• Work with a licensed, experienced tax professional.
• Know their success rate and track record.
• Avoid scams or unqualified preparers who could make costly mistakes.

Tax season doesn’t have to be stressful. Whether you need guidance or help filing, I’m here to make sure your return is handled professionally and accurately. Let’s make this your smoothest tax season yet!

01/15/2025

Booking is now open for Colorado and Texas locations!

Welcome to my scheduling page. I am taking appointments in Colorado and Texas. Please make sure you are booking correct state for your in-person appointment.

01/10/2025

Attention Small Business Owners

Are you looking for ways to better manage your business finances and maximize your tax savings?

I’m considering offering FREE workshops right here in our community to help small business owners like you with:
• QuickBooks Basics: Learn how to track income, expenses, and run reports like a pro.
• Tax Deductions 101: Discover commonly missed tax deductions to save money and stay compliant.

These workshops would be designed to give you practical, actionable tips to make managing your business easier and more efficient.

If you’re interested, let me know by commenting below or sending me a message! Once I gauge interest, I’ll set dates and provide all the details.

Let’s grow together as a community of successful small business owners!

12/20/2024

Santa's tax return