A sale + reinvestment does not qualify You need to exchange one property for another property. This is generally done through a...

IRS EIN Letter/ Form SS-4 Texas Webfile Letter Texas Filing Evidence Sample Operating Agreement

June 2023 Tax Court Case: Tax Court TC Memo 2023-81 Swanson VS. Commissioner 🎣 Recreation Fishing Boat Business ❌ Taxpayer loss While...

Stolen from the Great Peter J Reilly, CPA 1) It Is What It Is. Deal With It. The tax code is illogical. 2) Sometimes It's Better To Just...

CARES Act CARES Act relief, you qualify for a coronavirus-related distribution if you, your spouse, or your dependent is diagnosed with...

One of the most challenging aspects of owning a CPA firm is hiring from a historically tight and competitive labor market. It creates a...

From July - December, the IRS is sending taxpayers an advance of their 2021 Child Tax Credit in the form of check or direct deposit What...

1. Cannot use method if a “dealer" ***A dealer is someone in the business of buy and selling something, so a house-flipper can’t do...

Paid sick and family leave is available to self-employed individuals. You receive sick pay from the government in the form of a reduced...

There has been a lot going on in the tax world! The IRS has extended the 2020 filing deadline for all taxpayers to May 17, 2021, partly...

There has been several major pieces of tax legislation in the last 13 months: Tax Legislation Of The Last 12 Months Families First...

Extended Deadlines Personal Returns: 5/17/2021 HSA & IRA Contributions: 5/17/2021 Texas Franchise Tax: 6/15/2021 Unaffected Deadlines...

Creating an IRS account to view information (such as stimulus checks) only takes a few minutes: You will need: Name & Personal...

How to Create a .QBB file: 1) File: Backup Company: Create Local Backup 2) Save the QBB (remember where you save it on your computer) 3)...

Simplified Checklist Our portal has easy access to your tax document checklist: 1) Log in to SecureFilePro™ portal 2) Click ✅"Checklist"...

Having an EFTPS account allows us to see your estimated tax payments; this comes in handy when preparing your tax return & calculating...

QuickBooks Online: 1) Profit & Loss (This Year To Date) 2) Display Columns By: Quarter 3) Compare Another Period: Last year, % change...