Income Tax – The Burns Firm – Advisors of Complex Financial Matters

What tax documents can you safely shred? And which ones should you keep?

April 22nd, 2025|Categories: Amended Tax Return, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Filing Status, Income Tax, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Extension, Tax Filing Status, Tax Forms, Tax Preparation, tax preparer near me, Tax Records, Tax Return, Tax Return Filing, Tax Return Preparer, Tax Rules, Taxable Income, Texas CPA, The Burns Firm|Tags: CPA, CPA Advisor, cpa near me, Dallas CPA, How long should I keep my tax documents, ow long to keep tax documents, tax, tax advisor, Tax Documents, tax filing, Tax filling firm, Tax Return Filing for Year 2024, Tax Support Documents, Texas CPA, The Burns Firm|

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for [...]

6 Tax-Free Income Opportunities

September 24th, 2024|Categories: Accountant, Burns Firm, Business Stocks, College Savings Plan, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Gift Tax, Income Tax, Inheritance, IRA, Section 529, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: Are Business Stock gains tax-free, CPA, CPA neaer me, Dallas CPA, Gifts and Inheritance tax, Income, Roth IRAs, tax, tax advisor, tax-free income, Texas CPA, The Burns Firm|

Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current federal [...]

Are You Liable for Two Additional Taxes on Your Income?

September 19th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Income Tax, Medicare Tax, Net Investment Income Tax, NIIT, Tax, tax accountant, tax accountant near me, Tax Advisor, Taxable Income, Texas CPA, The Burns Firm|Tags: Additional Medicare Tax, Are You Liable for Two Additional Taxes on Your Income, CPA, cpa near me, Dallas CPA, NIIT, tax, tax advisor, Texas CPA, The Burns Firm|

Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. [...]

Planning Your Estate? Don’t Overlook Income Taxes

August 6th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estate Planning, Income Tax, Tax, Tax Advisor, Tax Planning, Tax Preparation, Texas CPA, The Burns Firm|Tags: CPA, cpa near me, Dallas CPA, Estate planning, Estate Planning and Taxes, Income Tax and Estate Planning, tax, tax advisor, Texas CPA, The Burns Firm|

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, [...]