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31 October 2021 | 4 replies
@Samantha GoochBelow are some of the main differences between a CPA and EACPA1) Require completion of a college degree with certain classes in accounting, tax, audit, etc2) Require passing 4 exams on Audit, Tax, Law, Business3) Required continued education4) Can practice in Tax, Assurance or Advisory5) Eligible to represent you infront of the IRSEA1) passing 3 exams dedicated to tax2) Required continue education3) practice in Tax4) Eligible to represent you infront of the IRSThe CPA designation is more prestigious because it is much more difficult to obtain.The Tax portion of the CPA exam is more difficult than the 3 EA exams.The other item is that a college degree is not required(Just that you are atleast 18 years of age).With that said, you can have good CPA or bad CPA's.You can have good EA's and bad EA's.Also, please be careful on this webforum, there are many 'tax professionals' that are neither a CPA or an EA.Best of luck
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2 November 2021 | 58 replies
It cost me $100 to fill my truck now , it was $65 . ( I fill up 3 times a week I run 3 trucks ) I pass that cost to my customers .
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30 October 2021 | 1 reply
So the idea is to pass up on this hot sellers market and historical low interest rates so that you can buy in the future when interest rates are higher?
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30 October 2021 | 0 replies
Also how are taxes passed through when the S-Corp owns the business?
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5 November 2021 | 15 replies
If the needed rehab is higher than the estimated rehab in your offer, pass on the deal.
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1 November 2021 | 4 replies
There is a property that was left by Grandpa after he passed to his kids.
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1 November 2021 | 3 replies
It's all pass-through income to your personal return.
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2 November 2021 | 6 replies
I would never use the word tricks when it comes to sellers, even in passing, because it implies that you want to sneak the properties away from them.
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2 November 2021 | 19 replies
For a 350k home a 30 year FHA loan at 4% with 3.5% ($12,250) down payment, the monthly payment would be around $2,000 a month which would be detrimental if I had a couple months of vacancy, or a tenant refused to pay rent.Also few of the homes in my neighborhood pass the 1% rule (not that it is a make or break), but then a duplex in my neighborhood is already going to have a tough time cash flowing.
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12 December 2021 | 2 replies
CA legislature passed AB 150 which is a SALT tax workaround.