If you have a home that you both rent out and use personally, you have a tax code-defined vacation home. Under the tax code rules, that vacation home is either a personal residence or a rental property. The tax code classifies your vacation home as a rental property...
Tags: Sarasota CPA, Sarasota Personal Accountant, Sarasota Tax Planner, Sarasota Tax Resolution, Tax and Accounting Services Near Me April 15th approaches, and business owners up and down the country start sweating.According to recent research, employee fraud and...
You have heard the horror stories about mail sent to the IRS that remains unanswered for months. Reportedly, the IRS has mountains of unanswered mail pieces in storage trailers, waiting for IRS employees to process them. Because the understaffed IRS is having so much...
Tags: Sarasota CPA, Sarasota Personal Accountant, Sarasota Tax Planner, Sarasota Tax Resolution, Tax and Accounting Services Near Me April 15th approaches, and business owners up and down the country start sweating.But not you. Unlike your fellow entrepreneurs, you...
The generally favorable federal income tax rules for partnerships are a common reason for choosing to operate as a partnership with multiple partners instead of as a corporation with multiple shareholders. The most important partnership tax benefit rules can be...
