The platform offers a comprehensive suite of features to streamline the complex process of IRS compliance for real estate investors. Key functionalities include:
IRS Compliance Tracking: Monitors the 750-hour test, 50% rule, and various material participation tests (500h, 100h, substantially all) for both long-term rentals (LTR) and short-term rentals (STR).
AI-Powered Activity Logging: Automatically logs activities from Gmail and Outlook inboxes, converts voice notes to entries, and uses AI to estimate time from scanned receipts and images.
Evidence Documentation: Generates CPA-ready tax reports and supports the collection of supporting evidence for IRS audits.
STR Specific Features: Imports STR stay calendars from platforms like Airbnb and VRBO, automatically calculates average stay lengths, and helps classify properties under IRS rules.
Team Collaboration: Allows for tracking hours of spouses, team members, and service providers (cleaners, handymen, property managers) through a companion mobile app.
Data Import: Supports importing existing hours from CSV, Excel, or Google Sheets to provide an immediate overview of qualification status.
Real-time Dashboard: Offers a live view of progress towards qualification goals and property analytics.
Travel Time Logging: Captures and documents rental-related driving time as qualifying activities.
REP Helper aims to simplify the journey to REPS status by providing a secure, all-in-one solution that automates tedious tasks and ensures accurate, IRS-compliant documentation.
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