BLU Podcast #46 - Breaking Bread With Brian Featuring Rubi Velazquez of MRV Financial

The BLU Podcast

Tune in now to Episode 46 Featuring Rubi Velazquez of MRV Financial In this episode, we learn how to save money on your taxes if you are a realtor or a rehabber. Tax time is here so you don’t want to miss it!! Also, we did a food review at Ciao Ragazzi, the best restaurant in the 60638!! If you have been craving good Italian food, this place is for you! Homemade pasta and homemade ice cream! Super delish!! But don’t take my word for it. Stop by and try for yourself at 5440 S Narragansett Ave, Chicago, IL 60638. A huge thank you to Lupe from Ciao for letting us film at your fine establishment!! Watch, listen and download Episode 46 on the following sites: https://theblupodcast.com/ YouTube: https://youtube.com/@brian_tierney_chi Pandora: https://www.pandora.com/podcast/the-blu-podcast/PC:75155 Spotify: https://open.spotify.com/show/1tnACSqaI7M2bxK3q6VPHZ Apple Podcasts: https://podcasts.apple.com/us/podcast/the-blu-podcast/id1568957253 Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9VWThwMUk0aw%3D%3D You can also download Episode 46 on the following sites: Amazon Music, Gaana, Deezer, Overcast, Stitcher, IHeartRadio, Pocket Casts, PlayerFM, TuneIn and JioSaavn. Please watch, like and share, share, share!!! 0:00 - Intro 0:23 – What are the Main Qualities of a Good Restaurant?: Service, Atmosphere, Reasonable Prices and Good Quality 1:46 - Rubi Velazquez Intro & Professional Background as an Accountant 3:38 - Rubi Velazquez Biography 4:10 – Guadalajara: What it’s Like 11:36 - History of MRV Financial 16:14 - Significance of the Company Name MRV Financial 19:37 - Giving Clients a Memorable Experience 23:43 - Saving Money on Taxes as a Realtor 28:38 - Tax Withholding for Realtors 31:09 - Having a Pay Structure 39:38 - The Importance of Incorporating 46:33 - Deductible Expenses for Realtors and Rehabbers 56:17 - Importance of Showing Your Income on Your Taxes: Can’t Get Approved for a Loan or Other Credit Without Good Income 1:00:10 - Having Regular Conversations With Your Accountant 1:06:11 - Tax Guidelines for Illinois 1:11:18 - Summarizing Deduction of Expenses on Your Income Taxes 1:13:41 - Average Tax Deduction for a Home Office 1:19:29 - Business Transactions Subject to Taxation 1:24:02 – Tax Deductible Expenses for a Rehabber 1:27:58 – Food Review 1:32:35 - Exchanging Gifts 1:35:42 – Outro