by CPA | Jun 30, 2017 | CPA Services
This post will discuss which income items received by current and former members of the U.S. Armed Forces are reported on a tax return, particularly income from serving in a combat zone. U.S. Armed Forces members receive many different types of pay and allowances....
by CPA | Jun 23, 2017 | CPA Services, Real Estate CPA, US Expatriate & International Tax Returns
FROM THE IRS IR-2017-109, June 21, 2017 WASHINGTON — The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2017. The agency urges taxpayers affected by changes to the...
by CPA | Jun 20, 2017 | CPA Services, Real Estate CPA
You filed your tax return and then discovered a mistake. Now what? Don’t hit the panic button. In most cases, all you have to do is file an amended tax return. There are a few things to keep in mind when filing an amended tax return. Taxpayers should use Form...
by CPA | Nov 21, 2016 | CPA Services
Generally, if you exchange business or investment property solely for business or investment property of a like kind, section 1031 provides that no gain or loss is recognized. If, as part of the exchange, you also receive other (not like-kind) property or money, gain...
by CPA | Sep 26, 2016 | CPA Services
So you are all pumped about your new business idea and are already looking for customers. Before you get much further, make sure that you have ticked off these accounting items from your business to-do list. A little work upfront will save you a ton of work down the...
by CPA | Aug 22, 2016 | CPA Services
If you started a business and dabbled in Quickbooks, you probably realize that it is has very useful features. The ability to keep tracks of income and expenses, pay vendors and employees, and accept payments from customers are just the starting point...
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