CPA Practice

NOVEMBER 9, 2023

Financial and tax software maker Intuit has added new updates to its professional line of products and services, including Intuit Tax Advisor , Intuit ProConnect Tax , Intuit Lacerte Tax , and Intuit ProSeries Tax , for the upcoming tax year.

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Withum

MARCH 1, 2023

Most people that prepare their own returns need someone to review it for errors or omissions. Tax Comparison Schedule When your tax return is completed, you should review the tax comparison schedule your software provides for differences. You can also use that to calculate estimated tax payments.

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tax return Tax income tax Real Estate 59

ThomsonReuters

OCTOBER 12, 2023

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. What is FEIE?

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Tax tax return income tax Real Estate 40

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. It is filed with their annual federal income tax return if they meet certain criteria. tax return. Generally, any U.S.

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ThomsonReuters

NOVEMBER 15, 2023

Boat donation tax deduction What is the cost basis for non-cash charitable contributions? Tax deduction for donation of clothing What are the rules for non-cash donations? Can donated services be tax deductible? taxpayers are accurately valuing their noncash contributions and claiming the appropriate tax deductions.

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tax return Tax tax planning Real Estate 98

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? 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. Home Office.

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Tax Real Estate Education Legal 52

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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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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Ryan Lazanis

MAY 24, 2023

Tip 3: Opt for Cloud Tax Software All the benefits that I listed for cloud services apply to tax software as well. Over and above just automating completion of tax forms, however, we’ll also start to see tax planning become an automated technology, which is discussed later on in this article.

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LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. Now in 2021, you start paying taxes the second you make over $9,875 a year as an individual.

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ThomsonReuters

JUNE 15, 2021

From payroll to bookkeeping to tax questions, I realized that there was so much need for the knowledge and experience I had gained,” says Angie. When I worked for a former employer, they did nothing but tax returns for their clients – no tax planning, no projections, no advice around law changes – that was it,” says Angie.

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LyfeAccounting

MAY 18, 2021

7 Tax Mistakes Business Owners Make. Tax Mistake #1: Not having a separate bank account. The first tax mistake that we see new business owners make is not having a separate bank account for just their business. After all, you want to write off as many business tax deductions as possible. But how much should you pay?

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Tax tax return accounting and finance Real Estate 52

LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

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Tax tax return Real Estate Government 52

CPA Practice

MARCH 19, 2024

Major milestones like getting married, having a child, or buying a new home are exciting events to look forward to in life, but they may also have tax implications that must be prepared for to mitigate tax surprises. It’s important to note that the latter option may come with sacrificing certain tax advantages.

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Tax Real Estate tax preparation Education 52

LyfeAccounting

DECEMBER 30, 2020

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. Now we just wrote a post about the new tax brackets going into 2021, which you can read in this link.

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Real Estate Tax income tax Gaming 52

LyfeAccounting

MAY 13, 2021

If you’re thinking about selling real estate, one thing that you need to keep in mind is the amount of taxes you’re going to pay on that sale. Uncle Sam’s piece of the pie is called the capital gains tax. And the capital gains tax on real estate works a lot differently than other forms of taxes.

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Real Estate Tax Sales tax preparation 52

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

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Tax CPA Education business tax 100

LyfeAccounting

AUGUST 10, 2021

Look, taxes are the single greatest expense that most people will pay over the course of their lives. It’s taxes. . Believe it or not, taxes are evading almost every single part of your life. You pay taxes on your income, on your purchases, the property you own, and so much more. The Tax Code is Not Your Enemy.

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Real Estate Tax tax return tax preparation 52

ThomsonReuters

NOVEMBER 15, 2023

Jump to: Are charitable donations tax deductible? How do charitable donations affect taxes? What donations are tax deductible? IRS rules for charitable contributions How much do charitable donations reduce taxes? Are charitable donations tax deductible? How do charitable donations affect taxes?

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LyfeAccounting

FEBRUARY 24, 2021

?. How much money will you be paying in taxes this year? To help you do just that, we’ll be going over the 12 most overlooked tax breaks you can take today. The more tax deductions and credits you get, the more money you get to keep. 12 Best Tax Breaks To Help You Save Money. 0% Tax on Capital Gains.

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