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Virtual Tax Preparation Service

Learn or Succeed

What’s your favorite go to, live by saying? I like to keep a positive attitude so for me; I never lose. I only succeed or I learn. I learned this in Norway and it really stuck with me. Hey, everybody.…

Virtual Tax Preparation Service

Gifting limits and you!

If you're a resident citizen of the US, you can give any other individual up to $14,000 per year. It is not a tax deduction to the person giving the money, but it is also not income to the person…

Virtual Tax Preparation Service

What is cost segregation

Cost segregation is when a group of engineers come into a building, commercial or residential, typically over $500,000 mark, and do an engineering study to pull apart the different pieces of the building to segregate the costs. When you are…

Virtual Tax Preparation Service

Life is Good: Remember to Weave in the Fun

No matter what you do, whether it's knitting, playing tennis, traveling, playing with your kids, taking walks in the forest or desert, make sure that you book time for yourself. As entrepreneurs we can get really busy, and sometimes work…

Virtual Tax Preparation Service

Ideal tax scenario in real estate

"What is one of the best combinations to get the lowest possible tax bracket?" If a person has a W-2 job and is making fairly good money, and has the spouse who manages all of the family rental properties or…

Virtual Tax Preparation Service

First Quarter Estimated Taxes

This year, April 15th falls on a Saturday which means normally it would roll to April 17th and I believe that April 17th is also a holiday in DC so some people even have until April 18th to file. Quarterly…

Virtual Tax Preparation Service

Operating Agreements

Operating agreements are one of the most important documents for a business to have, especially if you are two partners that are not related or not married to each other. An operating agreement tells you what's going to happen in…

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