Part 3: Tax Planning for Real Estate Investors: Understanding Depreciation and Recapture
When working with clients on real estate investments, you will need to prepare them for a higher level of tax complexity. This might mean encouraging
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Accounting Pricing Strategy
Accounting Pricing Strategy One of the most difficult, yet important, issues you must decide as tax business owner is how much to charge for your
Limiting the Substance Over Form Doctrine
At the end of 2018, to the dismay of the IRS and the Tax Court, the Second Circuit joined the First and Sixth in reversing
Conservation Easements Make the IRS Dirty Dozen Tax Scam List
The IRS has put conservation easements on its annual “Dirty Dozen” list which, says the IRS, “represents the worst of the worst tax scams.” The
How State and Local Tax Refunds Affect Gross Income for the Following Year
The IRS published Revenue Ruling 2019-11 at the end of March 2019 in order to answer questions that arose due to limitations imposed on itemized
7 Marketing Tips for Your Tax Business
As you look ahead to tax season, and beyond, here are seven inexpensive marketing tips to get the year started on the right foot.
Developing Your Accounting Firm’s Plan
What are your accounting goals? Many firms want to grow and expand. However, other businesses want to focus on: At the same time, owners often
How to Improve Time Management in Your Tax Planning Business
As a business owner, how you view and allocate your time plays a major role in the success of your business. When your to-do list
Navigating the 121 Exclusion: Tax Planning for Real Estate Income
Tax professionals today need to be prepared to incorporate real estate income into their clients’ tax plans. More and more Americans are starting to use
The Ins and Outs of Real Estate Income: Tax Planning for Short-Term Rentals
Using real estate as a source of income is only becoming more popular with the advent of sites like Airbnb and VRBO that enable homeowners
Ethical Concerns in Using Tax Planning Software
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that