Analytix Finance & Accounting

OCTOBER 16, 2024

At the core of every business’s journey to financial independence lies one of the most critical yet often overlooked pillars—accounting services. Let’s dive into how accounting plays a symbiotic role in speeding up this journey and bridging the gap between your financial goals and reality. Or maybe even sooner?

Account 52

Account accounted accountant Technology 52

Going Concern

JANUARY 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

Arizona 104

Arizona accounting and finance Technology audit 104

LyfeAccounting

APRIL 8, 2021

Claiming Large Losses From Gambling. The IRS pays heavy attention to losses claimed from gambling. This is because you can only deduct gambling losses to the extent that you report your winnings. If you gamble recreationally and claim losses, the IRS will be looking to see if you also reported your winnings in your income.

audit 59

audit Gambling tax return Tax 59

Going Concern

FEBRUARY 9, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

Technology 104

Technology Colorado audit cpa firm 104

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. Foreign property taxes. Foreign earned income is defined as income earned through labor or services while living and working in a foreign country.

Tax 40

Tax tax return income tax Real Estate 40

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. Burnell did not report any of the money he received from victims in 2011 or 2012 on his income tax returns.

Tax 64

Tax tax return Gambling tax preparation 64