The tax base of your real estate is the one that you paid for the property and all its improvements and is generally different from the purchase price of the property. The property...
Posted by The TaxAdvocate Group, LLC on 11/05/2019
Did you know that the internal revenue service (IRS) pronounced a new payment options which has already been added to the private debt collection scheme? The new payment option was...
Posted by The TaxAdvocate Group, LLC on 11/05/2019
In times of having low on cash, the option to get cash from your credit card is indeed tempting. But having a cash advance is not the same as withdrawing some cash from your debit...
Posted by LLOYD J CAZES CPA on 11/05/2019
It’s important to learn how to calculate cost basis if you own a real estate business. Calculating your annual depreciation deduction requires the basis. It’s also needed...
Posted by LLOYD J CAZES CPA on 11/05/2019
If a taxpayer fails to file a return for a length of time, the IRS will use available information to prepare a substitute return. The IRS will then use the return to arrive at an assessment...
Posted by The TaxAdvocate Group, LLC on 10/29/2019
Pass-through businesses are likely to file early tax returns this year. Trusts, estates and individuals who own pass-through businesses can claim a deduction under section 199A for...
Posted by The TaxAdvocate Group, LLC on 10/29/2019
Toward the year's end, it's typical for executives and professionals of various levels to feel overpowered by mounting assignments, ventures, and cutoff times. The December...
Posted by LLOYD J CAZES CPA on 10/23/2019
Trader tax status (TTS) comprises the cost of doing business treatment and opens an arrangement of essential tax benefits for eligible active traders. The initial step is to know if...
Posted by LLOYD J CAZES CPA on 10/23/2019
Making sense of how to secure business financing and confidence is a typical mission for both new and existing entrepreneurs. From start-up expenses to new extension procedures, building...
Posted by The TaxAdvocate Group, LLC on 10/23/2019
