The IRS assesses short-term rentals based on the facts and circumstances of each case. As each case is unique and one size doesn’t fit all, we can help you determine the classification along with structuring it favorably for tax purposes.
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Tax Information Reporting Requirement for Cryptocurrency
The IRS has been engaged in a virtual currency compliance campaign to address tax noncompliance related to cryptocurrency use. The first reporting forms related to cryptocurrency transactions will be issued to the IRS and crypto investors in January 2024.
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Tax Benefits Available to Taxpayers with Disabilities
Disabled individuals and parents of disabled children may qualify for a number of tax credits and other tax benefits. Learn about several tax credits and other available benefits if you or someone listed on your federal tax return is disabled.
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Cray Kaiser Employee Spotlight: Sheila Grisamore
In Cray Kaiser’s Employee Spotlight series, we highlight a member of the CK team. We couldn’t be more proud of the team we’ve grown and we’re excited for you to get to know them. This month we’re shining our spotlight on Sheila Grisamore.
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Another Rough Tax Season for IRS and Taxpayers?
This could be another rough tax season for the IRS and taxpayers. Issues that could affect 2021 tax returns are Advance Child Tax Credit payments and/or Economic Impact Payment #3.
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Happy International Women’s Day 2022 from Cray Kaiser!
Every year on March 8th, International Women’s Day is celebrated around the world. At Cray Kaiser, we’re especially proud that 54% of our staff is women, with the firm being 56% women-owned. Today and every day, it’s important to us to recognize the value that women bring to the workplace. In celebration of International Women’s Day, we’re sharing a few thoughts from the female team members at CK.
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What Is Tax Basis and Why Is It So Important?
For tax purposes, the term “basis” refers to the monetary value used to measure a gain or a loss. The basis of an asset is a very important concept for tax purposes because it is used to calculate deductions for depreciation and casualties, as well as gains or losses on the disposition of that asset.
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Why You Need to Start Tax Planning for Medicare Premiums Long Before You Are Eligible
Did you know that tax planning can affect your future Medicare premium costs? If not, you are not alone. Part B and Part D premiums are determined by a number of factors, the most important one being your Income-Related Monthly Adjustment Amount or IRMAA.
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Start 2022 Off Right: Clean Up QuickBooks
The beginning of the year is always transitional. So it is a great time to clean up your QuickBooks.
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A Guide to Using Cray Kaiser’s Online Portal
We developed our online portal – to allow us and our clients to safely and securely share the documentation we all need, especially during tax season. Here are some tips and tricks to help you when using our portal.
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