by charlie | Aug 18, 2021 | Blog
Understanding the Components of Capital Gains There are two components to taxable gain when you are selling a rental property. First there is the actual capital gain that everybody talks about and then there is something called depreciation recapture which is a little...
by charlie | Jul 26, 2021 | Blog
Statute of Limitations The IRS has a 6-year statute of limitations for filing taxes. If you have not filed in 6 years or less, you can still get those returns filed. If it has been longer than 6 years, you should seek the advice of a CPA, an Enrolled Agent, or a tax...
by charlie | Jul 12, 2021 | Blog
Tax Refunds Explained: How Do Tax Refunds Work? Understanding tax refunds is key to managing your finances effectively. A tax refund occurs when you have paid more in taxes throughout the year than your actual tax liability. While getting a big tax refund may seem...
by charlie | Jan 4, 2021 | Blog
You’ve started a new business, now what? You started a new business and registered it with the Secretary of State, congratulations! What next? There is a misconception that if you just open an LLC, register with your Secretary of State, and get an EIN then you are...
by charlie | Dec 6, 2020 | Blog
Corporate Taxes and How They Work Let’s talk about Biden’s proposed tax policies and how they will affect business and corporate taxes. Keep in mind these are all just proposals. Biden is not even president yet, and these have to pass through Congress for them to...
