tax accountant near me – Page 3 – The Burns Firm – Advisors of Complex Financial Matters

Tax Rules of Renting Out a Vacation Property

April 21st, 2022|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, tax write-offs, The Burns Firm|Tags: can i calssify my vacation home as a rental, can I get a tax break for renting out my vacation home, CPA, CPA Dallas, cpa near me, Dallas CPA, how can I use my vacation home, personal residence vs vacation home, tax accountant near me, tax breaks for renting vacation home to others, tax on vacation homes, The Burns Firm, vacation home, vacation property as a rental|

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the [...]

Defer Tax With a Like-Kind Exchange

February 8th, 2022|Categories: Accounting, Burns Firm, Business, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Partnership, S Corporation, Services, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Preparation, Tax Return, TCJA, The Burns Firm|Tags: 1031 deductions, 1031 expert near me, 1031s, CPA Dallas, cpa near me, Dallas CPA, like-kind exchange, Like-kind exchanges, tax accountant near me, tax deductions|

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” [...]

Get ready for taxes: Here’s what’s new and what to consider when filing in 2022

January 25th, 2022|Categories: Accounting, Burns Firm, CARES Act, Child Tax Credit, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, Estimated Tax, Estimated Tax Payments, Expenses, Gift Tax, IRS, Nanny Tax, Retirement, Services, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Withholding, tax write-offs, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), The Burns Firm, Withholding|Tags: 2022 tax, 2022 tax guidelines, 2022 taxes, accountant near me, cpa near me, IRS, North Texas accountant, tax accountant near me, tax filing, tax preparation, tax preparer near me|

Information from IRS.gov The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, [...]

Smart Reasons to Hire Your Spouse

January 6th, 2022|Categories: Accounting, Burns Firm, Business, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Partnership, S Corporation, Services, Small Business, Tax Planning, The Burns Firm|Tags: can I save money by hiring my spouse, CPA Dallas, cpa near me, Dallas accountant near me, Dallas CPA, hiring workers, is it smart to hire a spouse, should I hire my spouse since there is a workforce shortage, should I hire my spouse to work for me, tax accountant near me, The Burns Firm, workforce shortage|

Many businesses are having trouble recruiting and retaining qualified workers today. Nearly 90% of employers reported difficulty filling open positions, according to a recent survey conducted by the Society for Human [...]

11 Sources of Tax-Free Income

December 21st, 2021|Categories: Accounting, Burns Firm, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax, Tax Cuts, Tax Deductions|Tags: are life insurance proceeds taxable, are qualified section 529 withdrawals taxable, CPA Dallas, cpa near me, Dallas CPA, Dallas CPA near me, do I have to pay tax on all my income, EIPs taxable, is a gift or inheritance taxable, is scholarship money taxable, qualified ROTH IRA withdrawal taxable, tax accountant Dallas, tax accountant near me, tax-free income, The Burns Firm, what are tax-free home sale gains, what is considered to be tax-free income|

There are still ways to earn income that is free from federal income tax. With the various tax changes that have taken effect in recent years, tax-free income opportunities are perhaps [...]

Small Business Advertising and Marketing Costs May Be Tax Deductible

December 9th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRS, Partnership, S Corporation, Services, Small Business, The Burns Firm|Tags: are advertising coset tax deductible, are business marketing cost deductible, CPA firm, cpa near me, Dallas CPA firm, tax accountant near me, The Burns Firm, what expenses are deductible on my tax return, what expenses are tax deductibe|

Information from IRS.gov Small Business Advertising and Marketing Costs May Be Tax Deductible The tax law allows businesses to deduct expenses that help them bring in new customers and keep [...]

Feeling Generous at Year End? Strategies for Donating to Charity or Gifting to Loved Ones

December 2nd, 2021|Categories: Business, Charitable Donations, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Donations, IRS, Partnership, Services, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions|Tags: are charitable donations tax deductible, can I deduct donations to charity, CPA Dallas, Dallas CPA, how do I know what donations are deducitble, tax accountant near me, The Burns Firm, what is deductible on my tax return|

As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved [...]

How Fast Can You Write Off a Business Vehicle?

November 9th, 2021|Categories: Accounting, Burns Firm, Business, Business Vehicle, Business Write-offs, C Corporation, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, S Corporation, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, tax write-offs, The Burns Firm|Tags: business write-offs, can I write off business vehicle miles, can I write off miles driven for business, CPA Dallas, cpa near me, Dallas CPA, tax accountant near me, The Burns Firm, write-offs|

The federal income tax rules for depreciating vehicles used for business are complicated. And different rules apply to different categories of vehicles. Special limitations apply to vehicles that are classified as [...]

Many Parents Will Receive Advance Tax Credit Payments Beginning July 15

June 8th, 2021|Categories: Accounting, American Rescue Plan, American Rescue Plan Act, Burns Firm, Child Tax Credit, Covid-19, CPA Dallas, Dallas CPA, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: advance payment due date, advance tax credit payment, can I claim a child on my tax return, child tax credit, child tax credit and my tax return, child tax credit on my tax return, claiming children on tax return, CPA Dallas, Dallas CPA, do I qualify for advance payment for my child, how will I get my advance payment, tax accountant near me, tax preparer near me, tax return, The Burns Firm, what is a qualifying child, when will I get my advance payment for child tax credit, who can prepare my personal tax return|

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue [...]

Still Have Questions After You File Your Tax Return?

May 20th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Dallas CPA, Estimated Tax, Estimated Tax Payments, IRS, IRS Forms, Partnership, Retirement Plan, S Corporation, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: CPA Dallas, CPA North Texas, Dallas CPA, filing a tax return, i have a question regarding regarding my already filed tax return, IRS questions, tax accountant, tax accountant near me, tax accountant north dallas, tax accountant north texas, tax credits, tax deductions, tax questions for you, The Burns Firm, we answer tax related questions, who can I ask my questions to regarding my tax return|

Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that [...]

Working in the Gig Economy Results in Tax Obligations

May 13th, 2021|Categories: Accounting, Contractor, Dallas CPA, Small Business, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: am i a gig worker, CPA Dallas, cpa near me, Dallas CPA, do I need to pay tax on my gig income, do i pay tax on my tips, gig income, how should I pay my taxes if I am a musician, side gig and taxes, tax accountant near me, tax return preparer near me, The Burns Firm, what are the tax obligations if I am a gig worker, what is a gig worker, what records do i need to keep on my gig income|

Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during the [...]

Trader Status Offers Significant Tax Benefits

May 4th, 2021|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Deductions, Tax Planning, Tax Return|Tags: CPA, CPA Dallas, cpa near me, Dallas, do I qualify for trader status for tx purposes, mark-to-market election on tax return, securities trader and tax return, tax accountant near me, tax preparer near me, The Burns Firm, trader status, Trader Status Offers Significant Tax Benefits, trading investments|

In January 2021, online day traders trapped institutional short sellers in a short squeeze by buying up shares of the video and computer game retailer GameStop. This episode brought attention to [...]

Need a New Business Vehicle? Consider a Heavy SUV

April 1st, 2021|Categories: Accounting, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Deductions, Tax Planning|Tags: business depreciation, business vehicle depreciation, can I get a tax break if I buy an SUV for business use, CPA Dallas, cpa near me, CPA North Texas, Dallas CPA, depreciation of assets in my business, depreciation qualifiers, heavy sport utility vehicle for my business, IRS tax cuts, North Dallas tax accountant, tax accountant near me, tax credits, tax preparer near me, The Burns Firm|

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from [...]

Which Start-Up Costs Are Deductible for Federal Tax Purposes?

March 25th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax|Tags: are business start-up cost tax deductible, business start-up cost, can I deduct my business start up expense, CPA Dallas, CPA firm near me, Dallas CPA, tax accountant near me, tax preparation for my new business, The Burns Firm|

Many people started businesses in 2020, and many others plan to launch new ventures in 2021. Entrepreneurs often have questions about whether business expenses for a start-up can be deducted in [...]

Did You Make Donations in 2020? There’s Still Time to Get Substantiation

February 25th, 2021|Categories: Accounting, Burns Firm, Charitable Donations, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: are donations deductible, can I deduct my contribution to charity, charitable donations, CPA Dallas, Dallas CPA, do I need to itemize to claim donations, do I need to itemize to take deductions for donations, donation to charity, Donations, tax, tax accountant in Dallas, tax accountant near me, tax deductions, tax return preparation, tax return preparer near me, The Burns Firm, what deductions can I use on my tax return, what is deductible|

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter [...]