by Bob Jablonsky | Jan 30, 2020 | Bob Jablonsky and Associates, bookkeeping, Bookkeeping Tips, Business Tips, CP2000 Notice, Dallas TX, Expense Reduction Tips, Frisco Tx, Garland TX, IRS Audit, IRS Compliance, IRS Debt Relief, IRS Notices, Plano TX, Richardson TX, Small Business Tax Tips, Substitute For Return, Tax, Tax Compliance, Tax Deductions, Tax Problems, Tax Relief, taxes
In some case, entrepreneurs who work from home can write off a portion of their housing and utility expenses. That’s often a big question for our clients in our Richardson, TX tax office, who use part of their home in their business. If you qualify, it can...
by Bob Jablonsky | Jan 27, 2020 | Business Tips, Cancelled Debt and Taxes, CP2000 Notice, Dallas TX, Debt Forgiveness, Expense Reduction Tips, Form 1099C, Form 982, Frisco Tx, Garland TX, IRS Assessed Tax, IRS Notices, IRS Penalties, IRS Problems, Offer-In-Compromise, Plano TX, Real Estate Agents Tax Deductions, Richardson TX, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Problems, Tax Relief
As I wrote a week ago, in general, if you borrow money and you are legally obligated to repay that debt at a future date, and if that debt is forgiven in full or in part, the cancelled debt becomes taxable income to you. I also discussed Amounts that could be excluded...
by Bob Jablonsky | Jan 23, 2020 | Bob Jablonsky and Associates, Business Tips, CFO Services, Dallas TX, EIN, Frisco Tx, Garland TX, IRS Audit, IRS Penalties, IRS Problems, Payroll Tips, Plano TX, Richardson TX, Small Business, Tax, Tax Compliance, Tax Problems
When new business owner’s come into our Richardson, TX tax office, a common question is if the business needs its own Employer Identification Number (EIN). An EIN is a nine-digit number that the IRS assigns to identify tax accounts. It’s also referred to as a...
by Bob Jablonsky | Jan 21, 2020 | Dallas TX, Debt Forgiveness, Form 982, Frisco Tx, Garland TX, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Notices, IRS Penalties, IRS Problems, Plano TX, Richardson TX, Tax, Tax Compliance, Tax Problems, Tax Relief
In general, if you borrow money and you are legally obligated to repay that debt at a future date, if that debt is forgiven in full or in part, the cancelled debt becomes income to you. However, there are situations that tax law permits you to exclude the income...
by Bob Jablonsky | Jan 16, 2020 | Bob Jablonsky and Associates, Business Development, Business Growth, Business Tips, business trends, CDP Rights, CFO, Dallas TX, EIN, Frisco Tx, Garland TX, IRS Audit, IRS Collection, IRS Problems, Management Tips, Plano TX, profitability, Real Estate Agents Tax Deductions, Richardson TX, Small Business, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors
Starting a business is exciting and nerve-wracking all at the same time. Our Tax firm is in Richardson, TX, and every day, there are hundreds of new businesses being formed in the DFW area. The process of starting a new business can be intimidating and the “to do”...
by Bob Jablonsky | Jan 9, 2020 | Dallas TX, Frisco Tx, Garland TX, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Notices, IRS Penalties, IRS Problems, Plano TX, QBI Deduction, Real Estate Tax Deductions, Richardson TX, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Problems, Uncategorized
Taxpayers involved in Real Estate are the largest group of tax clients for my Richardson, TX tax firm. Did you know that Landlords who spend at least 250 hours a year managing and maintaining their rental properties may be eligible for the Qualified Business Income...
