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7 contributions to 🏠 Lower Taxes w/ Ryan
Bookkeeping w/entities
Hello to the group! Is anybody using REI Hub for their books that also has LLC’s? Curious as to if you’re happy with the software.
Yes many of our clients love REI Hub, Baselane, or Stessa.
Cost Seg Recommendations
Any Cost Seg Company Recommendations? Best bang for your money? (Or what companies to steer clear of?)
Our Cost seg partners are on our referral list located right here on Skool. RE Cost Seg and CSSI are two of our favorites.
Zoom notes
I had a zoom call and notes were taken but I can’t find where the notes were sent to me. Does anybody know where these would be housed?
Hi Brian! This would be housed in TaxDome. You should receive a copy of the notes soon after your appointment. If for whatever reason you didn't just reach out in a thread on there.
REPS 750-Hour Test – Do STR Hours Count?
Hi everyone, Looking for some guidance on REPS qualification. Background: I have 3 STRs and one LTR (3-unit MF owned 50/50 with a partner). The LTR was placed in service in 2025 and we used standard MACRS depreciation since I did not qualify for REPS in 2025. I’m considering a cost seg in 2026 if I qualify for REPS. Question: Can hours spent actively managing/operating my 3 STRs count toward the 750-hour REPS requirement, along with hours from the LTR? I understand that STRs with an average guest stay of 7 days or less are generally not considered “rental activities” under §469, and they can potentially be nonpassive through material participation without REPS. Does that mean those STR hours cannot count toward the 750-hour REPS test, or can STR + LTR real estate hours be combined for purposes of qualifying for REPS? Would appreciate thoughts from anyone who has dealt with this.
@Shashank Agarwal you’ll need 750 hours for REPS, which can include your LTR and STR hours. you still need to materially participate in the LTR individually though (100+ hours and more than anyone else or 500 hours without regard).
⚠️ Don't Ignore IRS Interest & Penalties From the COVID Years ⚠️
Most taxpayers have no idea this opportunity even exists. If you paid the IRS interest or penalties for filing late during the COVID disaster period (generally January 2020 through July 10, 2023), you may be eligible to request a refund under the recent IRS settlement! For some Taxpayers, this could be thousands of dollars. Here's what I would do: ✅ Log into your IRS Online Account. ✅ Pull your "Account" Transcripts (not your Wage & Income or Tax Return Transcripts). ✅ Review each year (2020-2023) for any interest or penalty assessments. ✅ If you qualify, submit the required Form 843 claim online here before the deadline on Friday 7/10. This isn't automatic. The IRS isn't sending checks unless you request them.
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Kevin Medina, CPA, MBA
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@kevin-medina-8224
Kevin A. Medina, CPA, MBA

Active 2d ago
Joined Sep 17, 2025
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