Joshua Knapp
Tax Deduction Question
To take expense deductions for 2020 on a new property being used as a b/b such as appliances, furniture etc, does the receipt need to be dated in 2020 or can it be dated up until filing deadline of 4/15/2021?
Jeff S.
Beneficial Ownership Information Reporting (BOIR)
Beneficial Ownership Information Reporting (BOIR)Have you heard about this? This is from my accountant.
We are writing to you regarding new reporting requirements for many businesses, including LLCs, C, and S Corp...
Andrew S.
1099 for property manager?
Do I need to send a 1099 to my property manager if they are organized as an LLC? Of course, I will get a 1099 from THEM for the rent proceeds but do they get one from ME for the management fees?
Justin Chan
Looking for a CPA with cost segregation experience.
Looking for a CPA that has experience in cost segregation in the Rhode Island area. If any suggestions please let me know. Thank you!
Derek Morrison
Contractors and 1099s
First time landlord/self-property manager here, what are my responsibilities when it comes to hiring contractors and giving/ asking for 1099s? Do i give them or does the contractor give it to me? Is it only for work o...
Paul B.
Fund an IRA twice in one year?
I know that I am limited to placing $5,500 per year into an IRA. But it appears that I can still put money in and have it count for 2016 if I do it before the tax filing deadline, right? So can I open an IRA, max it o...
Michael Plaks
No, it is NOT too late to establish and fund your 2020 401(k)
I had three clients by now who were told by three different IRA/401k custodians that it's too late to set up a 401(k) for 2020. They were WRONG! You still have time, most likely.
Yes, it had been a well-known rule th...
Kenny Simpson
BIG NEWS!! 1031 has been extended to October 16, 2023 in California, READ BELOW!!
The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!
For example: Typically, if you wer...
Account Closed
April 15th is 10 days away! Why Filing an extension is NOT the end of the world.
Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...
Account Closed
Filing an extension DOES NOT mean you dont owe money until then!
Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...