tax return preparation near me – The Burns Firm – Advisors of Complex Financial Matters

Lost Your Job? Here Are the Tax Aspects of an Employee Termination

April 14th, 2022|Categories: Accounting, Burns Firm, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, Tax Preparation, Tax Return, The Burns Firm|Tags: am I eligible for COBRA if i loose my job, CPA, CPA Dallas, Dallas CPA, do i get severance pay if I get fired, do i loose my retirement plan if I get fired, lost my job, North Dallas CPA, North texas tax preparer, tax accountant, tax and loosing job, tax preparer, tax preparer near me, tax return preparation near 75248, tax return preparation near me, what happens to my retirement plan if I get terminated|

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. [...]

New Digital Asset Reporting Requirements Will Be Imposed In Coming Years

January 11th, 2022|Categories: Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, digital asset reporting requirements, digital assets, tax, tax preparer near me, tax reporting, tax return preparation near me, The Burns Firm|

The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting requirements that will generally apply to digital asset transactions starting [...]

How Virtual Currency Transactions Affect Your Tax Situation

May 6th, 2021|Categories: Accounting, CPA Dallas, Dallas CPA, IRS, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm, Virtual Currency|Tags: Callas CPA, CPA Dallas, do i ned to report bitcoin transactions, do i need to report bitcoin on my tax return, how do i keep track of virtual currency transactions for my taxes, how do I report cyrptocurrency, how do i report virtual currency, is virtual currency considered property, is virtual currency income, tax preparer near me, tax return preparation near me, The Burns Firm|

The IRS wants to know about any virtual currency transactions. However, many taxpayers are surprised to learn that Bitcoin and other forms of virtual currency are considered "property" for tax purposes, [...]

Retiring Soon? Recent Law Changes May Have an Impact on Your Retirement Savings

March 23rd, 2021|Categories: Accounting, Burns Firm, Retirement Plan, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation|Tags: can I keep contributing to my IRA after I retire, CPA Dallas, cpa near me, Dallas CPA, IRA and retirement, IRA contributions when you retire, IRA questions about retirement, minimum distribution age, Retirement, retirement advisor near me, tax, tax advisor Dallas Texas, tax advisor near me, Tax planning, tax preparation, tax return preparation near me, The Burns Firm|

If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that a law was recently [...]

Ways to Fully Deduct Business-Related Meals

February 2nd, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Tax, Tax Credits, Tax Deductions|Tags: business tax return, business tax return meal deduction, business tax return preparation, can business meals be deducted, can I deduct business meals on my tax return, CPA Dallas, CPA in Dallas, cpa near me, Dallas CPA, tax deductions, tax firm near me, tax preparer in North Texas, tax return, tax return preparation, tax return preparation near me, The Burns Firm|

Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they're specifically targeted for a new tax relief measure found in the massive Consolidated Appropriations Act (CAA), which became law on December [...]