Bob Jablonsky & Associates Tax Resolution Blog
How to Stop Robocalls
You've received them—probably more than once—and every single time, they're painful, tedious, and unsolicited. Robocalls . . . Need we say more? You can experience a robocall, or an automated telephone call delivering a recorded message, on both a personal and...
Frisco TX – Will The IRS Subordinate their Lien Position on my Property? In some cases, absolutely!
Taxpayer’s coming into our Richardson, TX tax office with IRS Debt, often have to deal with Tax Liens. As you’ve learned over the past few weeks, the Notice of Federal Tax Lien (NFTL) is a powerful tool of the IRS and having an NFTL filed can wreak havoc over your...
Plano TX – Does Rental Real Estate Income Qualify for the QBI Deduction?
In December of 2017, the Tax Cuts and Jobs Act (TCJA) introduced a new “Qualified Business Income Deduction” (QBID) under IRS Section 199A. The QBID provided a deduction of up to 20% of qualifying income on the tax return and enable major tax savings to small business...
Plano TX – Loss Limitations for Real Estate Investors
In this week’s installment in our series of taxation and investing in Real Estate we will discuss allowable loss limitations on Real Estate Investments. Real Estate investing is well known as having the ability to generate non-cash losses that may be deductible...
Get Organized with This 32-Item Year-End Close Checklist
A great way to make a wonderful start to 2020 is to wrap up 2019 feeling organized and on top of the world. Here’s a checklist of items that you can start on now to make your year-end close go smoother than ever before. And don’t worry if you don’t know how to do some...
Frisco TX – Removing an IRS Tax Lien (NFTL) to Complete a Real Estate Transaction
When taxpayer’s come into our Richardson, TX tax office and have IRS Debt, IRS Liens are often the major issue they are working to resolve, either preventing a tax lien from being placed on their assets or removing an IRS Lien that exists. Over the past few weeks, we...
Plano TX – What does the IRS Consider to be a Real Estate Professional and the Impact on Taxes
In this week’s installment in our series of taxation and investing in Real Estate we will discuss who qualifies as a Real Estate Professional in the eyes of the IRS and what does it mean to be a Real Estate Professional. Generally, if I ask any taxpayer who comes...
Frisco IRS Help – Preventing an IRS Tax Lien from Being Filed on your Home and Other Assets
Taxpayers who come into our Richardson, TX tax office with IRS Debt often have IRS Liens that are a major headache in their lives or are under threat of a lien which concerns them. One of our major goals in working with taxpayer’s with IRS debt includes preventing an...
Seven Essential To-Do’s When You Get a New Customer
Congratulations, you've landed a new customer! Or, perhaps you prefer the term “client.” Either way, you should be excited; in this particular climate, sparking fresh interest in any kind of business can be challenging. Yet, you did it, and now comes the next part:...
Plano TX – Tax Deductible Expenses for Real Estate Rental Properties
Last week we covered reporting Rental Real Estate activities on tax returns. This week we’ll give an overview of Expenses. Next week, we will cover depreciation separately and we will continue to cover various topics pertaining to Rental Real Estate over the coming...
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