CPA Practice

AUGUST 18, 2023

Daniela Rendon, a real estate broker, was convicted of swindling COVID-19 loan programs — to lease a Bentley SUV, among other things. According to court records, Rendon used her job as a Miami real estate broker to carry out her crime against a pair of COVID-19 loan programs. By Jay Weaver – Miami Herald (via TNS).

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Going Concern

JANUARY 4, 2024

Antonache manages federal and state tax consulting and compliance matters related to incentives for renewable energy development. Real Estate Practice). Mo Huda (Dallas, Texas, State & Local Tax Services). Real Estate Practice). Real Estate Practice). International Tax Services).

Real Estate 57

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CPA Practice

MARCH 19, 2024

Marriage The first question that a lot of newlyweds ask themselves and/or their tax preparer is – “Can we still file as single?” If you are legally married, the answer is no, and you may not want to anyway given the potential tax implications. Jamie Scott is a partner at The Bonadio Group.

Tax 52

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MyIRSRelief

MARCH 1, 2022

Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937]. You are overwhelmed by tax information – Business taxes are nothing to mess around with and you don’t want to get on the wrong side of the IRS. They offer many different services including tax preparations and consulting services.

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ThomsonReuters

JANUARY 28, 2022

Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options. In a tight real estate market, that can be hard to find. Companies that only offer tax services have to start over each year building a brand through marketing and advertising.

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CPA Practice

MARCH 26, 2024

Real estate broker in prison One of the loan applicants who paid Lorquet a kickback was Daniela Rendon, who immigrated to the United States a decade ago, according to court records. government, used her job as a Miami real estate broker to carry out her crime with Lorquet’s assistance, Bailyn said.

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ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. Non-financial assets, such as real estate, art, or personal property, generally do not need to be reported on this form.

Real Estate 40

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Going Concern

FEBRUARY 16, 2024

Detroit woman accused of being unlicensed real estate agent, CPA charged [ The Detroit News ] A Detroit woman accused of working as an unlicensed accountant and an unlicensed real estate agent has been charged, the Michigan Attorney General’s Office said. I’m a professional tax preparer.”

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xendoo

JUNE 23, 2021

By carefully assessing not only your properties but your business as a whole, you can hold onto more of your hard-earned cash at tax time. The following tax tips for real estate agents are a great place to start looking for valuable deductions. 7 Tax Tips for Real Estate Agents. #1

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CPA Practice

NOVEMBER 9, 2023

Strategies for real estate professionals – Determines if a taxpayer qualifies as a real estate professional and can deduct losses from real estate activities against ordinary income and whether the net investment tax applies.

Real Estate 52

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MyIRSRelief

FEBRUARY 1, 2022

This includes the very important topic of taxes (preparation, planning and representation). A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances.

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Going Concern

AUGUST 25, 2023

sent letters to the executives of Intuit, H&R Block, the American Coalition for Taxpayer Rights and the Free File Alliance, a group of tax preparation companies that provide free online services through the IRS website. Former Auditor at Newport Beach Commercial Real Estate Agency Pleads Guilty to Embezzling More Than $2.7

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KROST

FEBRUARY 23, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Deferring gain into an Opportunity Zone investment differs from a 1031 exchange deferral, which is familiar to most real estate investors.

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Going Concern

OCTOBER 20, 2023

LLB provided accounting services including tax preparation, audit and consulting services. Bradford also operated a real estate business that developed office buildings and other real property.

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LyfeAccounting

AUGUST 10, 2021

Not to invest in stock markets, real estate, or your business. . But no, literally, just to pay taxes to the government. By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. Or how about real estate?

Real Estate 52

Real Estate Tax tax return tax preparation 52

KROST

NOVEMBER 10, 2020

Greg is the Managing Principal of KROST and has been actively involved with the firm’s business consulting and tax practice for over 37 years. From tax preparation to cybersecurity risk assessment, KROST is well-versed in the manufacturing and distribution industry challenges to help navigate clients through many issues.

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ThomsonReuters

MAY 5, 2022

That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. For example, maybe you have a strong interest in real estate?

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MyIRSRelief

MAY 1, 2024

They can advise on maximizing retirement contributions, choosing the most advantageous business entity, and implementing investment options that minimize your overall tax burden on forms like 1120, 1120S, and 1065. Time Efficiency: Tax preparation and research are notorious time-sinks.

Tax 130

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CTP

FEBRUARY 20, 2024

The Real Value of Tax Planning Here’s the kicker: when you embrace the full scope of tax planning, you position yourself as a true financial advisor, not just a tax preparer. When the taxpayers owns a business or invests in real estate, the options are almost endless to reduce their tax bill.

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Withum

MARCH 1, 2023

If you have a complicated tax return and the tax comparison schedule is inadequate, then you should prepare your own schedule, and I suggest using spreadsheet software. When you prepare this schedule, I suggest having columns for the last three years and the past year and comparing the four years’ amounts.

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Basis 365

MARCH 6, 2022

Car usage tax deductions include oil changes, repairs, depreciation, registration fees, and vehicle insurance costs. Continuing Education Education expenses to improve or maintain your current skills are considered a tax deduction. For example, if you are a real estate agent are often required to take continuing education courses.

Tax 52

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xendoo

JANUARY 12, 2022

February 15, 2022: Financial institutions must send Form 1099-B (sales of stocks/bonds/mutual funds through a brokerage account), Form 1099-S (real estate transactions), and Form 1099-MISC unless the sender is reporting payments in boxes 8 or 10. Tax Preparation and Planning Made Easy. Want to learn more?

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Cherry Bekaert

JUNE 20, 2023

This means that a homebuilder that sells a dwelling unit will reduce its cost-of-goods-sold deduction by the amount of the 45L tax credit claimed in a tax year, and one that leases a dwelling unit will reduce its depreciable basis in the leased dwelling unit.

Tax 75

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Going Concern

MARCH 24, 2023

Tax The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits [ CNBC ] The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems — an approach that would tax profits for wealthy owners at a higher rate relative to assets such as stocks, real estate and cryptocurrency.

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xendoo

NOVEMBER 23, 2020

Deduct insurance premiums on the company’s real estate holdings and equipment. Real Estate Taxes. Any real estate taxes you pay to your state, city, and even another country are deductible. Property Insurance. Medical Care and Insurance. Business credit cards. Home equity loans.

Tax 52

Tax Real Estate Education Legal 52

SkagitCountyTaxServices

FEBRUARY 4, 2021

Working with business owners gives the chance to do a lot of damage to tax bills … but personal taxes are still “a thing” Below is a list of what you will need during the tax preparation process on the personal side. Nonetheless, it’s a useful tax checklist.

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inDinero Tax Tips

MARCH 2, 2023

Therefore, crypto is subject to capital gains taxation, just like other capital assets such as equities, real estate, and bonds. That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Instead, the IRS classifies them as digital assets.

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ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. taxpayers who own foreign real estate may have additional reporting requirements. Foreign property reporting. citizens must be aware of and comply with. Plan ahead.

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Going Concern

JANUARY 26, 2024

Wade is accused of failing to perform the work he’d been paid for by multiple clients, which included bookkeeping, tax preparation and filing, payroll work, and more, according to police.

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SkagitCountyTaxServices

OCTOBER 2, 2020

Tax returns aren’t about wealth — they’re about “income”, and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not … and wage-earners probably wouldn’t understand them.

Real Estate 52

Real Estate CPA tax preparation tax return 52

ThomsonReuters

JULY 6, 2023

Let’s take a look at what tax advisory is and how you can take advantage of this approach to serving clients. What are tax advisory services?

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Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. million in fraudulent tax refunds and attempted to obtain at least $27 million more. government.

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ThomsonReuters

JUNE 15, 2021

As the owner of Wood CPA, Angie brings a unique value above and beyond tax preparation with a specialty in not only tax services, but in business advisory and accounting. Some of the most successful niches serve fellow professionals such as doctors, dentists, attorneys, or real estate professionals.

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Withum

MARCH 1, 2022

Entities that fall under this category may include, but are not limited to: check cashers, payday lenders, wire transfer services, mortgage brokers, non-bank lenders, motor vehicle dealerships, personal property or real estate appraisers, tax preparers, courier services, credit reporting agencies, ATM operators, casinos and card clubs, brokers/dealers, (..)

Real Estate 59

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ThomsonReuters

MARCH 1, 2024

Itemize business deductions Like most businesses, S corps can reduce their tax burden by deducting expenses related to operation of the business. Depending on the type of business, investing in corporate tax software may be worth considering as well. rent, office supplies, phone, equipment, utilities, etc.)

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CPA Practice

JANUARY 24, 2023

Outsourcing also helps ease worries and provide operators with comfort in knowing year-end tax preparation will go smoothly, and all accounting records will comply with Sec. 280E for income tax reporting. Working with a third-party accounting firm allows business leaders to focus on these important business functions.

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Ryan Lazanis

MAY 24, 2023

Tax software is starting to move online and the promise is that tax software will become far more integrated into your accounting suite to help automate the completion of tax forms, making tax preparation much more seamless and beneficial for your current and potential clients.

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