Submitted by Nancy Stevens, Meetup Committee Member and Host in NW Portland
Who knew that tax experts could be informative and entertaining? We had plenty of both when we were Talking Taxes with the Experts on November 9th.
The expert panelists helping us navigate the complex world of taxes at the November meetup were Eve Davis with In or Out Tax Services, Jaydra Perfetti with Paper Investigator, Pam Knudsen with Avalara, and Stephanie Solomon with Block Advisors. (Stephanie is a meetup pro! She has attended EVERY ONE of our tax meetups for the past eight years! Thank you Stephanie!)
Two of the presenters even offered discounts to Host2Host members who are new clients: Block Advisors and In or Out Tax Services! Just mention that you are a member of Host2Host when you reach out to them.
This meetup has become a regular event for us because significant changes occur in the tax laws every year. Some of the topics discussed by the experts included quarterly occupancy taxes, income reporting, the difference between a contractor vs an employee, payroll taxes, the pros and cons of front loading expenses, Schedule C vs Schedule E requirements, and the Residential Clean Energy Credit (which has increased this year!)
One of the more challenging topics covered was where you file when you live in one state and have an short-term rental in another – the short answer is that you must file in both states if income is earned.
As usual, we had a lively, interactive discussion among the participants. And sound advice was offered by the experts including:
Did we mention that the session was entertaining too? We learned that there are three kinds of accountants – those that can count and those that can’t! (haha, get it?!) and why did Sherlock Holmes get audited? He had too many deductions.
This session is so popular we’ve already scheduled our tax meetup for 2023! It'll be November 9th at 5:00 pm! Save the date!
Host2Host members who missed the event can watch a recording on our website.
