Investments

Tax-Smart Way to Hold Investment Real Estate

August 29th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Investments, Real Estate, Tax, tax accountant, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , |

Real estate can be an attractive long-term investment. But the legal entity you select to own property can have important tax implications. Here's why single-member limited liability companies (SMLLCs) are [...]

Deposit Interest into Five Tax Buckets

December 12th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tx accountant, Interest, Investment Interest, Investments, Mortgage Interest, Services, Student Loan Interest, Tax, tax accountant, Tax Advisor, Tax Cuts, Tax Deductions, Tax Planning, Tax Rates, TCJA, The Burns Firm|Tags: , , , , , , , , , , , , , , , |

Interest rates rise and fall periodically, but the tax rules for deducting interest expenses remain the same — unless Congress changes them. Generally, the current rules have been in place [...]

Investment Swings: What’s the Tax Impact?

September 19th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Investments, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: , , , , , , , , |

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final [...]

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