Dallas tx accountant – Page 8 – The Burns Firm – Advisors of Complex Financial Matters

5 Possible Tax Aspects of a Parent Moving Into a Nursing Home

September 2nd, 2021|Categories: Accounting, Burns Firm, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Healthcare & Retirement, how do I know if my parent qualifies as my dependent, if I support my parents financially can I claim them on tax return, Medicare Premiums, Services, Tax, Tax Credits, Tax Deductions, Tax Return, The Burns Firm|Tags: are medical expenses deducted, are nursing home expenses deductible, CPA Dallas, Dallas CPA, deductions on tax return, elderly and expenses, long-term medical care expenses, medical expense deductions, tax preparer near me, The Burns Firm, what expenses are deductible on my tax return|

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. 1. Long-term [...]

Should You Consider an Employer Roth 401(k) Account?

August 26th, 2021|Categories: Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRA, Tax, Tax Credits, Tax Planning, Tax Preparation, Tax Return|Tags: accounting firm near me, CPA Dallas, cpa near me, IRA, should I consider a ROTH IRA, tax, The Burns Firm|

Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a 2020 survey, 75% of employer plans now offer DRAs, which are also [...]

Curtailing Tax Surprises With Cryptocurrency

August 24th, 2021|Categories: Accounting, Burns Firm, cryptocurrency, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax Planning|Tags: cpa near me, cryptocurrence, cryptocurrency, Dallas CPA, is cryptocurrency considered property, tax, tax on cryptocurrency, tax preparer near me, The Burns Firm|

As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views cryptocurrency as property for federal income tax [...]

Spotlight on Executive Compensation in Divorce

August 10th, 2021|Categories: Burns Firm, Business, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: CPA Dallas, Dallas CPA, dividing assets in a divorce, do I get a portion of my spouses executive compensation, executive compensation and my divorce, The Burns Firm, what assets are considered in a divorce|

Executive compensation can become an issue for private companies and their owners, especially if an owner is getting divorced. Owning a business complicates the divorce process. When either spouse owns a private business interest, [...]

IRS Audits May Be Increasing, So Be Prepared

August 3rd, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRS, IRS Audit, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Withholding, The Burns Firm|Tags: CPA Dallas, Dallas CPA, how do I prepare for my IRS audit, how do I respond to an IRS audit, I need help with a IRS audit, IRS audit, The Burns Firm, who can help me with an IRS audit, why is the IRS auditing me, why is the IRS auditing my tax return|

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage [...]