by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 12, 2018 | Featured, Pro Tips
Use Cost Segregation To Your Benefit What is Cost Segregation? Cost Segregation is a strategic tax savings tool that allows individuals and companies, who have constructed, purchased, expanded or remodeled any kind of real estate, to increase their cash flow by...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 29, 2018 | Featured, Tax Resolution
Don’t Worry If you owe back taxes to the IRS, some amount of panic is understandable. After all, the Internal Revenue Service has the power of the federal government in its corner, something no other debt collector can claim. They are considered the most brutal...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 19, 2018 | Featured
Bitcoin and Taxes: Coinbase is Complying with the IRS’s Reporting Requirements. Remember to Report Your Bitcoin Transactions. Tax consequences from the sale and trade of bitcoins vary around the world, U.S. taxpayers must treat bitcoins and other...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 6, 2018 | Featured
Have you received a notice from the IRS only to leave it on your kitchen counter, desk, or worse, just hide it under a stack of bills? Are you afraid to even open the letter from the IRS? Unfortunately, those letters from the IRS will just keep coming. Your problem...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 23, 2018 | Featured, Tax Reform
The Tax Reform & Tax Rate Changes You Should Know On December 20, the House approved H.R. 1, the “Tax Cuts and Jobs Act,” the sweeping tax reform measure, by a vote of 224 to 201. The Senate had passed the measure, as revised to address some procedural...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 17, 2018 | Featured, Tax Planning, Tax Reform
The Republicans are coming off a win with the historic year end passage of their Tax Cuts and Jobs Act. However, there wont be much time for them to rest on their laurels as there is a lot that Congress needs/wants to get done before the inevitable slow-down that will...