Nonresident Alien vs Resident Alien

nonresident alien and resident alien for tax purposes

Nonresident aliens and resident aliens are required to comply with a variety of U.S. tax return rules.  This applies to individuals coming to the U.S. on business, for education, for marriage or for other personal reasons.  The rules are different for various visa types.  In this article we will discuss what is a nonresident alien […]

Heavy Highway Vehicle Use Tax: Due August 31, 2023

heavy highway vehicle use tax

The Heavy Highway Vehicle Use Tax is an annual federal excise tax on heavy highway trucks and other motor vehicles operating on public highways.  Anyone who is required to register large trucks and buses with a taxable gross weight of 55,000 pounds or more must pay the tax. The required tax return is Form 2290, […]

Family Business Ideas

Family Business Radio, Episode 47

Family business owners Olivia and Carmen Amyette, Infinity Energy Advisors, and Gary Massey, owner of Massey and Company CPA were the guests on this episode of Family Business Radio.  The subjects of the episode are family business ideas and entrepreneurship. Family Business Ideas – Podcast Olivia and Carmen, her mom, talked about Olivia’s accomplishments and […]

Solar Tax Credits

Solar Energy Tax Credit

The United States and much of the world is turning from fossil fuels to alternative forms of energy.  According to an August, 2023 article in the New York Times, this shift is found even in areas dominated by the oil and gas industries.  To a certain extent, this shift is encouraged in the United States […]

IRS Negotiation: Resolving a Tax Debt

IRS Negotiation

Negotiation with the IRS to Settle a Tax Debt IRS negotiation of tax debts is a fundamental part of our tax practice.  Typically, tax debt negotiation is required when the taxpayer owes taxes, penalties and interest to the IRS that they cannot afford to pay.   A tax debt can be for one year or for […]

Immigration and Taxes

Taxes and immigration

The Connection Between Immigration and Taxes Immigration and taxes have a lot to do with each other.  In fact, taxation and immigration go hand in hand throughout the USCIS immigration process. With over 11 million undocumented immigrants in the US (according to a recent study of the Migration Policy Institute), immigration tax services are in […]

Divorce, Taxes and Conflict of Interest: Working with a CPA

divorce and taxes

Conflict of interest can get in the way of independent representation in a divorce or business dispute. Divorce often results in a conflict of interest.  In the context of divorces, a conflict of interest occurs when the advice of the CPA may provide a benefit to one spouse at the expense of the other spouse.  […]

Do I Need Advisors to Grow My Small Business?

Growing your small business

Why a Small Business Should Expand and Collaborate with a CPA, a Business Consultant and other Advisors Guest post written by Tony R. Kitchens   Hello, fellow entrepreneurs and small business owners! Today, I want to address a crucial topic that often arises in the early stages of business development: the importance of growing beyond […]

Guide to Tax Rules for Rental Real Estate

Rental property and IRS tax rules

The tax rules for rental real estate investors offer many tax advantages.  Due in large part to the tax advantages, investing in real estate is very popular among people looking for an alternative source of income or side gig.  Our Atlanta-based CPA firm probably sees more tax returns with real estate issues than just about […]

1031 Qualified Intermediary

1031 Exchange

Section 1031 Exchange for Real Estate Investors – The Basics During a 1031 exchange, the IRS requires the use of a Qualified Intermediary (QI). The QI is responsible for documenting and managing the process of a 1031 exchange. This article reviews the role of a QI and what to look for when choosing one. Section […]