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May 2022 Individual Due Dates May 10 – Report Tips to Employer If you are an employee who works for tips and received more than

To say that there is a lot going on in the world right now is truly a bit of an understatement. Starting a few years

Article Highlights:  Payroll Taxes Corporate Officers Employees of a Corporation Reasonable Salaries Factors Flow-Through Deductions Wage Limitations  Unlike a C corporation, which itself pays the

Not too long ago in Orlando, Florida, a federal investigation uncovered a situation where 22 workers were denied overtime by a Florida-based equipment rental company.

Article Highlights: Statute of Limitations Filing Before April Due Date Filing After April Due Date Extension Amended Returns Three-year Statute Understatement Exceeds 25% No Filing

It’s important to categorize transactions, but it takes time. If every day brings several dozen into QuickBooks Online, you can automate this process. One of

Article Highlights:  Qualifications Actual Expense Method Simplified Method Home Office Expenses for Renters vs. Homeowners Deduction Limitation How Moving Affects the Home-Office Deduction Other Issues

Article Highlights:  Reason for Conversion Basis Depreciation Cash Flow versus Tax Profit or Loss  Passive Losses Home Gain Exclusion Other Tax Issues Becoming a Landlord

The real estate market is red hot, and plenty of folks nearing retirement and holding investment property see now as an excellent time to offload

Article Highlights: Tax-Free Income from Working Abroad Foreign Earned Income and Housing Exclusions Foreign Self-Employment Income Claiming or Revoking the Exclusion U.S. citizens and resident