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 | 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 | Jan 11, 2021 | Tax
If you own or have an interest in any foreign bank account or other types of financial accounts (see below for examples of the other types) that are based outside of the United States, you may have to fill out the Report of Foreign Bank and Financial Accounts (FinCEN...
by Pedro Gonzalez, CPA | Mar 26, 2020 | Tax, Tax Planning & Preparation
Commissioner Chuck Rettig announced the IRS People First Initiative to provide immediate relief to help people facing uncertainty over taxes during the health crisis. Highlights of the key actions in the IRS People First Initiative include: Installment Agreements...
by Pedro Gonzalez, CPA | Mar 26, 2020 | Tax, Tax Planning & Preparation
Yesterday evening, the Senate passed an updated version of the Coronavirus Aid, Relief and Economic Security (CARES) Act. This bill is intended to be a third round of federal government support in the wake of the coronavirus public health crisis and associated...
