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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

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

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