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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...

Nicol Bays
Oct 26, 20211 min read


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...

Nicol Bays
Oct 26, 20211 min read


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...

Nicol Bays
Oct 26, 20211 min read


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....

Nicol Bays
Oct 26, 20211 min read
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