tax season tips – The Burns Firm – Advisors of Complex Financial Matters

Answers to Your Tax Season Questions

January 18th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Medical Deductions, Medical Expenses, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Depreciation, Tax Filing Status, Tax Preparation, Tax Rates, Tax Return, Tax Return Filing, Tax Return Preparer, tax season tips, Tax Withholding, tax write-offs, Taxable Income, The Burns Firm, Wages, Withholding|Tags: 2023 Tax Preparation, 2023 Tax Return preparation, 2023 Tax Season, CPA, CPA Dallas, cpa near me, Questions about taxes, tax, tax advisor, tax preparation, Tax Questions, tax return preparer near me, The Burns Firm, W2s and 1099, What do I need to do for 2023 tax season, what documents are needed to prepare a tax return|

The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year [...]

4 Ideas That May Help Reduce Your 2023 Tax Bill

December 7th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Dallas tax return preparer, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Cuts, Tax Depreciation, Tax Filing Status, Tax Forms, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, tax season tips, Tax Support Documents, Tax Withholding, The Burns Firm, Year-End Tax Planning|Tags: 2023 Tax Planning, CPA, cpa near me, how can I reduce my tax bill, Reduce 2023 Tax Bill, tax, tax accountant, tax advisor, tax return preparation, The Burns Firm|

If you’re concerned about your 2023 tax bill, there may still be time to reduce it. Here are four quick strategies that may help you trim your taxes before year [...]

What Can You Do to Lower Your 2023 Tax Obligation?

August 15th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Donations, Estimated Tax, Exemptions, Expenses, Services, Tax, tax accountant, tax accountant near me, Tax Deductions, Tax Filing Status, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, tax season tips, Tax Withholding, tax write-offs, Withholding|Tags: 2023 Tax, cpa near me, Dallas CPA, How do I lower my tax liability for 223, How to lower taxes I will pay for 2023, Lower Your Tax Liability, tax advisor, The Burns Firm, Ways to Lower My 2023 Tax Obligation|

It's hard to believe that 2023 is already half over. Although summer is a time for vacations and relaxing in the backyard, you can't afford to take a break from [...]

Resist the Urge to Purge after Filing Your 2022 Tax Return

May 9th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Cuts, Tax Deductions, Tax Filing Status, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, tax season tips, Tax Withholding, The Burns Firm|Tags: CPA Dallas, cpa near me, How long do I need to hang onto my tax files, How long to keep records, Purging Documents, tax, tax advisor, Tax Filing support documents, The Burns Firm|

The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return [...]

Update on Deducting Business Meal and Entertainment Expenses

March 23rd, 2023|Categories: Accountant, Accounting, Business, Business Deductions, Business Write-offs, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Expenses, Fringe Benefits, Meals & Entertainment Deductions, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, Tax Advisor, Tax Return, tax season tips, TCJA, The Burns Firm|Tags: are business meals deductible, business deductions, Business Meals, CPA Dallas, cpa near me, Dallas CPA, Deductions for Business Meals and Entertainment, fringe benefits, Meals vs Entertainment, Meals While Traveling, tax, tax advisor, The Burns Firm|

The federal income tax treatment of business-related meal and entertainment expenses has been a moving target the last few years. If you're confused about what rules currently apply, you're not [...]

Year-end Tax Planning Ideas for Individuals

October 4th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA in NOrth Texsa, CPA near 75248, CPA near 75252, CPA near me, CPA neasr 75248, CPA75248, CPADallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Estimated Tax, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, tax season tips, Tax Withholding, The Burns Firm, Year-End Tax Planning|Tags: CPA Dallas, cpa near me, Dallas CPA, how to prepare tax projections, North Dallas CPA, North Texas CPA, tax, tax accountant, tax accountant near me, Tax planning, tax preparer near me, tax projections 2022, tax projections for 2022, tax return preparation, The Burns Firm, year end tax planning|

Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first [...]

Tax News for Individuals

September 13th, 2022|Categories: 401K, Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPA75248, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Delinquent Tax, Estimated Tax, Estimated Tax Payments, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, tax season tips, Tax Withholding, The Burns Firm|Tags: 401K early withdraw, CARES Act. CPA Dallas, CPA 75248, CPA neaer me, CPA The Burns Firm, do I need to make estimated tax payments, early withdrawal penalty, estimated tax payments, individual tax, tax accountant near me, tax gap, tax items to be aware of for individuals, tax news for individuals, tax preparer near me, The Burns Firm, what is the tax gap, when do i need to make estimated tax payments|

If You Make Estimated Tax Payments, a Deadline Is Coming Up If you pay quarterly estimated taxes, circle this date on your calendar: September 15. That's the payment due [...]

Three Tax Breaks for Small Businesses

August 16th, 2022|Categories: Accountant, accountant near me, Accounting, Business, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, tax season tips, Tax Withholding, tax write-offs, The Burns Firm, Year-End Tax Planning|Tags: CPA Dallas, cpa near me, Dallas CPA, Dallas CPA near me, QBI deduction, small business, small business tax breaks, tax breaks, tax breaks for my small business, tax breaks for small business 2022, tax preparer near me, The Burns Firm, what is a QBI deduction|

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. QBI deduction For [...]

Mid-Year Tax Planning For Individuals

August 1st, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, tax preparer near me, Tax Return, tax season tips, tax write-offs, The Burns Firm, Year-End Tax Planning|Tags: CPA Dallas, CPA tax planner near me, CPA who does tax planning, Dallas CPA, Denis Burns tax planner, does my CPA do tax planning, mid-year tax planning, tax planner near me, Tax planning, tax planning CPA near me, tax planning for your future, tax The Burns Firm, The Burns Firm, The Burns Firm tax planning, who can help me with tax planning|

The 2022 tax year is well underway, and year end will be here before you know it. Summer is a good time to take proactive steps to help reduce the [...]