Renewable Energy Tax Relief
The Treasury Department and the IRS provided tax relief for taxpayers that develop renewable energy projects that produce electricity from sources such as wind,...
Implications of Changing the 4/15/2020 Due Date
If the last month has felt like an episode of the Twilight Zone for you, let me tell you that you are not alone. Let's dive into the 4/15/2020 deadline change and every implication to you and your clients.
Tax Preparer Beware! 280E Challenges Ahead
For preparers planning to work on cannabis business returns this filing season, pay close attention to the rules related to this industry....
Tax Considerations for Converting a Second Home into a Rental Property
Accountants and tax preparers need to have a clear understanding of the tax implications which follow from the passive income deriving from rental property....
Tax Benefits of Opportunity Zones
Opportunity Zones are the hot new investments of 2019. Before you convince your high net worth clients to invest, let’s understand some...
New Deduction for Taxpayers with Rental Income
The Tax Cuts and Jobs Act (TCJA) added a new tax deduction for owners of pass-through entities – a 20% deduction of...
Resident vs Nonresident Taxation Differences
Is your client an alien? Sounds funny, but the IRS considers all individuals who are not U.S. citizens or U.S. nationals, aliens....
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Taking Your Firm Virtual Day Two: Firm Culture, Hiring & Implementation
Day two of the Taking Your Firm Virtual Summit was another information-filled day full of speakers with...
Taking Your Firm Virtual Day One: Data Security, SEO & Advisory
The Taking Your Firm Virtual Summit began yesterday, August 4. Hosted by Nayo Carter-Gray, founder of 1st...
5 Financial Tips to Share with Clients Who Are New Parents
Each year, it is estimated by UNICEF that 130 million babies are born, resulting in many parents welcoming a new member into...