by Pedro Gonzalez, CPA | Nov 29, 2022 | Real Estate, Tax, Tax Strategies
Morgan Stanley predicts that house prices could fall by 10 percent by the end of 2024, perhaps twice as much in a worst-case scenario. Homeowners who purchased their homes at the top of the market could be in trouble, especially if the U.S. falls into a...
by Pedro Gonzalez, CPA | Oct 7, 2022 | Tax Planning & Preparation, Tax Strategies
At first glance, the corporate tax rules for forming an S corporation appear simple. However, they are not. You are already aware the tax code is full of hidden rules. The IRS knows these rules and you need to know them, too. In this article, we do two things: We help...
by Pedro Gonzalez, CPA | Jul 15, 2022 | Business, Tax
Self-employment taxes are the same as payroll taxes for the self-employed and it is used fund Social Security and Medicare. All individuals with self-employment income must pay self-employment taxes, regardless of their age. The self-employment tax is paid on your net...
by Pedro Gonzalez, CPA | Jun 1, 2022 | Tax
The IRS really interested about your bitcoins and other crypto. You may have not noticed this, but it starts at the top of the first page of your Form 1040, where you find the following question right after the spaces for your name and address: At any time during...
by Pedro Gonzalez, CPA | May 1, 2022 | Tax Resolution
Uh-no! The IRS audited your business and concluded that you misclassified some workers as independent contractors. The IRS says they are employees. You are worried—rightfully worried. 😲 If you got this wrong, the IRS will assess years of back employment...
