Nicol Bays
Partnership's Income Taxable Regardless of Receipt
Many clients have come to me with a K1 and said, "Do I have to pay taxes on this even though I haven't received a dime?" And my answer is...
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Nicol Bays
- Oct 26, 2021
- 1 min
Damages From Emotional Distress...Taxable?
Amounts paid for emotional distress as a result of a physical injury are tax-free. This is an important bit of knowledge for anyone going...
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Nicol Bays
- Oct 26, 2021
- 1 min
Keep An Eye On Congress
Accounting is a cycle, and that cycle starts with legislation. When the President and Congress are in negotiations, it is important to...
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Nicol Bays
- Oct 26, 2021
- 1 min
Now Is The Time To Do A Check Up
Many people are unaware that there is a $3,000 capital loss carry forward that can be used to offset your capital gains by that amount....
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