Tax & Accounting Insights
for Texas Businesses
Strategic tax tips, accounting advice, and financial insights from Evans Sternau CPA — serving businesses and individuals in Houston, Austin, Dallas, and The Woodlands.
The Short-Term Rental Loophole: How Airbnb Hosts Can Unlock Passive Loss Deductions
Short-term rentals are treated differently under the passive activity rules — and that difference can unlock significant loss deductions for Airbnb hosts who meet the right criteria.
Asset Sale vs. Stock Sale: Who Wins in the Tax Math?
Whether a business sale is structured as an asset sale or a stock sale determines who pays more in taxes — and the gap can be significant. Here’s how the math works for buyers and sellers.
What Most Investors Get Wrong About the 1031 Exchange Boot
Boot is the most misunderstood concept in 1031 exchange planning — and misunderstanding it can turn a tax-deferred exchange into a partial or fully taxable event.
Understanding the Difference Between Profit and Cash Flow
A business can be profitable and still run out of cash — and it happens more often than most owners expect. Here’s the difference between profit and cash flow, and why both matter.
The S Corp Trap: Why Converting Too Early Can Cost You More Than You Save
Over 5 million businesses elect S Corp status — but converting too early can cost you more than you save. Learn when the math actually works in your favor.
Why Filing Your Taxes Early Can Actually Hurt You (And When to Wait)
Filing your taxes early isn’t always the smart move. Learn the specific situations where waiting to file protects your refund, your return, and your finances.
Oil and Gas Tax Deductions: Key Write-Offs for Investors
Oil and gas investment tax deduction rules can create major tax benefits. Learn how IDCs, depreciation, and depletion may reduce taxable income.
Safe Harbor Estimated Tax Guide: Rules, Dates, and Relief
A safe harbor for estimated taxes can help you avoid underpayment penalties. Learn the rules, payment thresholds, and key IRS exceptions.
Refund of COVID-Era Tax Penalties
Refund of COVID-Era Tax Penalties A recent decision by the U.S. Court has raised the possibility that millions of taxpayers were improperly charged penalties and interest during the pandemic period — and that a deadline to file a refund claim is fast approaching. Written by: Chris Sternau Date of publication:
