Tax Return Preparer – Page 2 – The Burns Firm – Advisors of Complex Financial Matters

Demystifying Personal Casualty Losses

March 5th, 2024|Categories: Accountant, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Tax, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return Preparer, tax write-offs, The Burns Firm|Tags: Can I Deduct Personal Casualty, cpa near me, Dallas CPA, Limited Deductions for Personal Casualty Losses, Personal Casualty Losses, tax advisor, The Burns Firm|

In recent years, many Americans have been the victims of natural disasters. If you're unfortunate enough to suffer a personal casualty loss, here are the federal income tax implications. Limited [...]

New Twists and Turns Taken By EV Credits

February 20th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Electric Vehicle, Electric Vehicle Credits, EV, EV Credits, Tax, tax accountant, Tax Advisor, Tax Credits, Tax Preparation, Tax Return, Tax Return Preparer, The Burns Firm|Tags: cpa near me, Dallas CPA, Electric Vehicle Credits, electric vehicles, EV Credits, tax advisor, Tax Credits for EV, The Burns Firm|

Did you buy an electric vehicle (EV) in 2023? Under the Inflation Reduction Act (IRA), passed late in 2022, you may be eligible for a new-and-improved tax credit, beginning on [...]

Get Ready for the 2023 Gift Tax Return Deadline

February 16th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Form 709, Gift Tax, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, Tax Return Preparer, The Burns Firm|Tags: cpa near me, Dallas CPA, Form 709, gift tax, Gift Tax Return, tax, tax advisor, tax return preparer near me, The Burns Firm, What is the gift tax exclusion for 2023 tax year?, What is the gift tax exclusion for 224?|

Did you give large gifts to your children, grandchildren, or others last year? If so, it’s important to determine if you’re required to file a 2023 gift tax return. [...]

Tax Breaks for Vacation Home Rentals

February 13th, 2024|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Tax, Tax Advisor, Tax Deductions, Tax Return, Tax Return Preparer, tax write-offs, The Burns Firm, Vacation Home|Tags: CPA Dallas, cpa near me, Dallas CPA, tax, tax accountant near me, tax advisor, Tax Breaks for Vacation Rentals, The Burns Firm, vacation home rental, Vacation Home Tax Breaks, Vacation Rentals|

Do you own a vacation home in the mountains or near the water where you can enjoy some much-needed rest and relaxation? If you rent it to tenants while you [...]

Can You Claim Your Parent as a Dependent?

February 1st, 2024|Categories: Accountant, Adult Dependent, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Deductions, Dependent Care credits, Dependents, Parent Dependent, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Filing Status, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, Tax Return Preparer, tax write-offs, The Burns Firm|Tags: Can I Claim My Parent as a Dependent, Claiming Dependents on a Tax Return, CPA Dallas, cpa near me, Dependent Child Care, dependents, filing status, tax, tax advisor, tax deductions, The Burns Firm, Who is a Dependent?, who qualifies as a dependent|

If you pay over half the cost of supporting a parent, your parent is considered your dependent for federal income tax purposes. This treatment potentially entitles you to some significant tax [...]

If you gave to charity in 2023, check to see that you have substantiation

January 30th, 2024|Categories: Accountant, Burns Firm, Charitable Donations, CPA, CPA Dallas, CPA near me, Dallas CPA, Donations, Services, Tax, tax accountant near me, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return Preparer, The Burns Firm|Tags: can I get tax credit for donating to charity, Charitable Contribution Guideline, charitable deduction, charitable donations, CPA Dallas, cpa near me, Deductible Donations, Donations, tax, tax advisor, The Burns Firm|

Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t receive such a [...]

Answers to Your Tax Season Questions

January 18th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Medical Deductions, Medical Expenses, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Depreciation, Tax Filing Status, Tax Preparation, Tax Rates, Tax Return, Tax Return Filing, Tax Return Preparer, tax season tips, Tax Withholding, tax write-offs, Taxable Income, The Burns Firm, Wages, Withholding|Tags: 2023 Tax Preparation, 2023 Tax Return preparation, 2023 Tax Season, CPA, CPA Dallas, cpa near me, Questions about taxes, tax, tax advisor, tax preparation, Tax Questions, tax return preparer near me, The Burns Firm, W2s and 1099, What do I need to do for 2023 tax season, what documents are needed to prepare a tax return|

The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year [...]