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Trusting TurboTax With Your Equity Compensation

Trusting TurboTax With Your Equity Compensation

We’re fresh off the annual spectacle of the Super Bowl. The Chiefs and 49ers played a great game. But with my hometown Bengals long removed from the playoff scene this year, my family was there for the commercials. (Well, my daughter was probably there for the Taylor...

How HR 7024 May Impact Your 2023 Tax Return

How HR 7024 May Impact Your 2023 Tax Return

On January 19, 2024, the House of Representatives’ Ways and Means Committee voted to advance HR 7024 (Tax Relief for American Families and Workers Act of 2024) to the House for further vote. It’s important to note that the bill hasn’t been voted on and has not become...

Corporate Transparency Act & Filing the BOIR

Corporate Transparency Act & Filing the BOIR

In 2021, Congress enacted the Corporate Transparency Act (CTA) which now requires filing a BOIR (beneficial ownership information report). This law created a beneficial ownership information (BOI) reporting requirement as part of the US government’s efforts to make it...

Top 5 Things to Remember to Tell Your Accountant

Top 5 Things to Remember to Tell Your Accountant

Happy New Year and welcome to 2024! Before 2023 hits the rearview mirror, be sure to take inventory of any life events that might be critical to your taxes. January is the start of tax filing season. It’s a good reminder for you to take a step back and make sure your...

Do You Need a Tax Advisor or Tax Preparer?

Do You Need a Tax Advisor or Tax Preparer?

Tax Advisor and Tax Preparer sound alike, don’t they? We refer to ourselves as Tax Advisors here at McCarthy Tax. And that’s important for our clients. Both Tax Advisors and Tax Preparers can generally prepare your 1040, put the numbers in the correct boxes and keep...

Stock Option Tax Planning Moves to Make Before Year End

Stock Option Tax Planning Moves to Make Before Year End

As we near the holiday season, it’s easy to forget about tax planning with the hustle and bustle of family, travel and (most importantly) pie. But if you have stock options, making a few quick moves now can make for a pretty present under the tree that will last into...

Charitable Contributions: Tax Savings Tool

Charitable Contributions: Tax Savings Tool

The leaves are starting to change color, and there is a slight chill in the air. This can only mean one thing... Not only is it Fall, but it is also projection season! We are now in the last quarter of the year, which is a prime time to sit down with your tax...

Short-Term Rental Properties

Short-Term Rental Properties

Even with rising interest rates, the short-term rental market is booming. Our client base has become much more involved in these types of investments over the past few years. We suspect that it will continue to grow. Do you own short-term rental properties? This...

Considering a Move Abroad?

Considering a Move Abroad?

Bye-Bye USA, Hello Tax Complications! Are you considering a move abroad? Moving abroad presents new adventures and opportunities to learn about different cultures. Whether your motivation is to find your Zen in southeast Asia or take your career to the next level in...

What About NQSOs?

What About NQSOs?

Nonqualified stock options (NQSOs or NSOs) sometimes dwell in the shadow of their attractive and esteemed “sibling,” incentive stock options (ISOs). That’s because ISOs are often touted as the golden child, getting all of the attention and praise, while NQSOs take a...

Download our free guide – Top 5 Big Tax Mistakes to avoid with Stock Options

thumb-placeholderAs a Certified Public Accountant, John is passionate about helping families make great tax decisions!

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