If you want to get the most out of your business entertainment expenses, see this post by Kay Bell in Dont Mess With Taxes; she goes over 5 things to remember so your deductible meals and entertainment stay that way: http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2014/03/5-ways-to-maximize-tax-deductible-business-entertainment.html Now you know exactly what to do. It will take a little work, but having the peace of mind that you have a much greater chance of being allowed to keep your deduction if the IRS or state audits you should make you feel better; now you can go out and eat and drink with a clear conscience (until tomorrow morning.) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Tax Musings of a Burbank CPA: Ten Facts about Capital Gains and Losses
If you have sold stocks or bonds, rental real estate or other capital assets, you should take a look at this group of tips from the IRS about capital gains and losses. It will give you all the general information about how to file the sales on your tax return: http://content.govdelivery.com/accounts/USIRS/bulletins/a83b23?reqfrom=share Now, the fun part begins – you have to calculate all those gains and losses. If you sold securities, your broker should be able to give you a list of all the gains and losses; if real estate, you should have the original cost from the escrow statement when you bought the property. Remember, if you sold your residence, that is a whole different animal. Anyway, now you can get to work – April 15 is just six weeks away! For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Burbank CPA Musings: Ten Things to Know about the Taxpayer Advocate Service
If you are having financial difficulty paying your taxes and the IRS is not being as cooperative as you think they should be, you have an option – The Taxpayer Advocate Service. If you qualify, you will be assigned someone from the Advocate’s office to represent you and help you with your case. See more details here: http://content.govdelivery.com/accounts/USIRS/bulletins/a8396c?reqfrom=share With this free service, at least you have someone who can counsel you and help negotiate all the twists and turns of the IRS bureaucracy better than doing it yourself. If you are having IRS issues, it may be someone you can turn to. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa