Kelsey Head

Join tax expert Kelsey Head, a partner at Head Tyler LLP with nearly two decades of experience, as she demystifies the K-1 tax form for real estate investors. She stresses the need to verify your personal details immediately upon receipt to avoid future headaches. Kelsey clarifies the link between cash received during a sale and income reported on the K-1, addressing common confusion. Plus, she reassures late filers that delays won’t raise audit concerns. Reach out to her for further tax guidance, but expect longer response times during peak season!

Seasoned CPA and partner Kelsey Head shares insights on tax benefits for real estate professionals, highlighting the stringent requirements and common misconceptions. Strategies for restructuring employment and reducing work hours are discussed. Debunking misconceptions, Kelsey emphasizes the importance of documenting hours meticulously to meet IRS criteria. The potential for spouses to qualify is explored. Kelsey's expertise sheds light on achieving real estate professional status and the significant tax advantages it offers.