Tax Return

Pocket a Tax Break for Making Energy-Efficient Home Improvements

August 22nd, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Energy-Efficient Improvements, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, tax write-offs, The Burns Firm|Tags: , , , , , , , , , , , , , |

An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your home [...]

What Can You Do to Lower Your 2023 Tax Obligation?

August 15th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Donations, Estimated Tax, Exemptions, Expenses, Services, Tax, tax accountant, tax accountant near me, Tax Deductions, Tax Filing Status, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, tax season tips, Tax Withholding, tax write-offs, Withholding|Tags: , , , , , , , , |

It's hard to believe that 2023 is already half over. Although summer is a time for vacations and relaxing in the backyard, you can't afford to take a break from [...]

Cutting the Kiddie Tax Down to Size

July 13th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Estate Planning, Kiddie Tax, Services, Tax, tax accountant, Tax Advisor, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , , , |

Despite its name, the "kiddie tax" is anything but child's play. If you're not careful, this provision of the tax code can result in children having to pay significant extra [...]

When Can Seniors Deduct Medicare Premiums on Their Tax Returns?

July 11th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Deductions, Elderly, Expenses, Medical Expenses, Medicare Premiums, Medicare Tax, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , , , , , |

If you’re 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be [...]

Being a Gig Worker Comes With Tax Consequences

June 27th, 2023|Categories: Accountant, Accounting, Burns Firm, Business Write-offs, Contractor, CPA, CPA Dallas, CPA near me, Dallas CPA, Gig Economy, Independent Contractor, Self-employed, Tax, Tax Advisor, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , , , , , , , , |

In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive [...]

Are Your Social Security Benefits Taxable?

June 1st, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Social Security, Social Security Benefits, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Tax Return, The Burns Firm|Tags: , , , , , , , , , , , |

Many retirees have seen their Social Security benefits increase in 2023 due to a cost-of-living adjustment that was higher than in past years. Further increases are expected for 2024. While [...]

Tax News for Investors and Users of Cryptocurrency

May 23rd, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, cryptocurrency, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , |

If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements [...]

Spouses Are Guilty Until Proven Innocent

May 18th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Divorce, Innocent Spouse, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , |

When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse cheats on a tax [...]

Taxation Issues in the Gig Economy

May 16th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Vehicle, Business Write-offs, Contractor, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Gig Economy, Self-employed, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, tax write-offs, The Burns Firm|Tags: , , , , , , , , |

Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may [...]

Questions You May Still Have After Filing Your Tax Return

May 11th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , , |

If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions may still crop up about [...]

Resist the Urge to Purge after Filing Your 2022 Tax Return

May 9th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Cuts, Tax Deductions, Tax Filing Status, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, Tax Return Filing, tax season tips, Tax Withholding, The Burns Firm|Tags: , , , , , , , , |

The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return [...]

How Divorce Affects Eligibility for the Home Sale Gain Exclusion

April 27th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Divorce, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return, tax write-offs, The Burns Firm, Year-End Tax Planning|Tags: , , , , , , , , , , |

It's common for couples who divorce to sell their homes. Not only does this move give former spouses fresh starts after the divorce is finalized, but it can also free [...]

Some Taxpayers Qualify for More Favorable “Head of Household” Tax Filing Status

April 18th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Head of Household, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , |

When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as [...]

Paperwork You Can Yoss After Filing Your Tax Return

April 11th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Services, Tax, tax accountant, Tax Advisor, Tax Return, Tax Return Filing, Tax Support Documents, The Burns Firm|Tags: , , , , , , , , , , |

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to [...]

Update on Deducting Business Meal and Entertainment Expenses

March 23rd, 2023|Categories: Accountant, Accounting, Business, Business Deductions, Business Write-offs, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Expenses, Fringe Benefits, Meals & Entertainment Deductions, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, Tax Advisor, Tax Return, tax season tips, TCJA, The Burns Firm|Tags: , , , , , , , , , , , , |

The federal income tax treatment of business-related meal and entertainment expenses has been a moving target the last few years. If you're confused about what rules currently apply, you're not [...]

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