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Wednesday, June 18, 2025

Step Up in basis, well maybe??

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A step-up in basis is a tax provision that raises an asset's cost basis to its fair market value on the date of the owner's death. T...
Friday, May 23, 2025

Trump 2024 tax analyzed

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Donald Trump's recent tax proposals, aiming to build on the framework of the 2017 Tax Cuts and Jobs Act (TCJA), offer a mix of potential...
Thursday, May 22, 2025

No tax on tips legeslation

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No tax on Tips is being negotiated by congress. Both sides seem to want no tax on tips to pass. In congress yesterday, Hearing no objectio...
Tuesday, May 20, 2025

Wife is not a US citizen, here is how to file

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If your wife doesn't have a Social Security Number (SSN) but you want to file your tax return as Married Filing Jointly, here's how ...
Wednesday, May 07, 2025

Fl sales tax

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General Rule: In Florida, sales tax is generally imposed on the retail sale of tangible personal property, services, and certain other tran...
Thursday, May 01, 2025

Gdp

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U.S. economy went into reverse in the first quarter, new GDP data shows.
Friday, April 25, 2025

Why charitable contributions can be limited

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In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a perce...
Thursday, April 24, 2025

Hurricane relief when you cash of retirement account

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Yes, if a hurricane is declared a federally declared disaster, it can qualify for an early IRA distribution under the SECURE 2.0 Act of 2022...
Wednesday, March 26, 2025

FINCEN

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A Welcome Relief: FinCEN Lifts Beneficial Ownership Reporting Burden from U.S. Companies
Tuesday, March 25, 2025

Oic and exrensions

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You're eligible to apply for an offer in compromise if you: Filed all required tax returns and made all required estimated payments. Ar...

Gambling losees

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Gambling losses are deductible, but only to the extent that you have an equal or greater amount of reportable gamblimg winnings (you receive...
Wednesday, March 19, 2025

Floidians have extra time to file due to hurricanes

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The Florida tax deadline extension covers tax filing and payment deadlines normally due between Oct. 5, 2024, and May 1, 2025. All taxpayers...
Saturday, March 15, 2025

Fl Hurricane Disaster creeit

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Claiming Casualty Loss Deductions If you have experienced losses from hurricane damage, understanding casualty loss deductions is essential...
Sunday, February 16, 2025

Discontinuing the Penny?

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The one cent coin costs more to produce than its value and is nearly obsolete in retail. But it has its supporters. United States President ...
Wednesday, February 05, 2025

How much sec 179 do you get?

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Maximizing Tax Benefits: Section 179 Deduction for Vehicles Over 6000 Pounds in 2024: List of Vehicles to Qualifying, Depreciation, and IRS ...

Sec 179 expense

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1,220,000 For tax years beginning in 2024, the maximum section 179 expense deduction is $1,220,000. This limit is reduced by the amount by w...
Tuesday, January 28, 2025

1099-Q

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yiu receive this if soleone else has paid education expenses for you. Maybe nontaxable if used foe education.
Monday, January 27, 2025

1099-DA form. BIt coin and other digital current reporting form

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1099-DA, new digital asset reporting form If you received this form and need help, by all means, call us at 813-309-0504
Wednesday, January 15, 2025

Tangible personal property returns

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Real estate and fixtures supporting real estate are not treated as Tpp
Sunday, January 12, 2025

401k tax advantage for ages 60 to 63

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Beginning in 2025, individuals in this age group will be eligible for something called a "super catch-up" contribution limit for e...
Friday, January 10, 2025

Start of tax season

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IRS announcer start of tax season! we can help. Please call us at 813-309-0504!
Sunday, January 05, 2025

Fed workers drawing from pension and now SS!

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WASHINGTON (Reuters) - President Joe Biden signed a measure into law on Sunday that boosts Social Security retirement payments to some retir...
Friday, January 03, 2025

Tax Season is off to a great start!

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Call us at 813-309-0504 if you need taxes done!!
Friday, December 27, 2024

IRS refunding 2021 taxpayers

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IRS issuing 2021 refunds to those that didnt receive the recovert rebate refund in 2021. mpayments eill be made by hhe end of yhe year.
Thursday, December 26, 2024

BOIR deadline extended

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After a lawsuit challenging the validity of the Beneficial Owners Information Return (BOIR), Fincen has extended the time to file this retur...
Tuesday, December 24, 2024

2021 Recovery Rebate credit

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IRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit; encourages non-filers ...
Wednesday, December 11, 2024

Amended Refunds, how do you check the status of the anticipated refund

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To check the status of your amended tax return, you can use the following methods12345: Where’s My Amended Return? tool on the IRS website: ...
Friday, November 29, 2024

2024 Tax Brackets

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2024 tax Brackets Single/Married filing jointly $0 to $11,600 $0 to $23,200 12% $. 11,601 to $47,150 $23,201 to $94,300 22% $47,151 to $...

Trump's new tax ideas

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Former President Donald Trump has floated several tax policy ideas, including extending the expiring 2017 Tax Cuts and Jobs Act (TCJA) chang...
Wednesday, October 16, 2024

Document a charitable contribution

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The receipt can be a letter, a postcard, an e-mail message, or a form created for the purpose. Any donations worth $250 or more must be reco...
Thursday, October 10, 2024

$750 Disaster relief from Fema

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There are four ways you can apply for FEMA disaster assistance: Fill out a DisasterAssistance.gov application online Apply using the FEMA a...
Sunday, October 06, 2024

Taxing unearned capital gain

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Tax policy embraced by Vice President Kamala Harris that’s meant to target the wealthy could be used to capture all investors if the NEW tax...
Tuesday, September 24, 2024

Consumer Confidence falls

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Consumer confidence has fallen to its lowest level in 3 years.