Behind the Numbers breaks down the tax basics every new earner should know: W-2s vs 1099s, how tax brackets and marginal rates work, why your paycheck is smaller (withholding and FICA), what the standard deduction does, and why a tax refund isn't “free money.”

The hosts keep it casual and funny while clearing up common myths so listeners can keep more of their paycheck and feel confident about simple tax decisions.

In this Part 2 episode of Behind the Numbers, Cody and Taylor deep dive into short-term rental tax strategies: cost segregation studies, how to document hours and bookings, audit red flags, and common mistakes to avoid.

They explain material participation rules, the importance of contemporaneous logs and booking reports, occupancy tax and licensing issues, recapture on sale, and when a cost segregation study makes sense — including options for properties you already own.

Practical takeaways: start your hours log now, get an exit plan before large deductions, and consult a professional before commissioning a cost segregation study.

Welcome to Behind the Numbers by TC Advisors. In this episode, Grant and Taylor debunk the idea that tax season ends April 15—walking through the summer realities of accounting: advisory work, bookkeeping catch-ups, IRS notice responses, continuing education, and internal projects.

If you’re a small business owner, now is a great time to reach out to your accountant for planning, valuations, or advice before the fall deadline rush.