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Why It’s Harder to Find a Tax Professional This Year

Why It’s Harder to Find a Tax Professional This Year

A recent article from the Wall Street Journal touted, “More than 300,000 U.S. accountants and auditors have left their jobs in the past two years, a 17% decline.” Accounting enrollment is also on a downward trend. Recent estimates indicate that “the enrollment of...

Top Tax Considerations During a Layoff

Top Tax Considerations During a Layoff

As Google, Microsoft, Amazon and Salesforce announce a new round of 22,000 layoffs, many are worried about their employment or have already been impacted by job loss. For those that have lost jobs, you certainly may not be thinking about tax considerations. Who could...

$100,000 ISO Rule

$100,000 ISO Rule

ABOUT THE AUTHOR: Amelia Ungureanu is an EA with more than 7 years of experience in small business accounting. She completed her bachelor’s degree in 2012 and her master's degree in 2016. Amelia enjoys working with technology and staying up to date with taxes. She...

Should I Sell My Restricted Stock Units (RSUs)?

Should I Sell My Restricted Stock Units (RSUs)?

Clients often ask us how to handle Restricted Stock Units (RSUs) and what the tax consequences are. Let’s review why selling your RSUs as soon as they vest is often the best option. The Basics RSUs are a form of equity compensation. Companies offer RSUs to their...

Wash Sale Rules & GSUs

Wash Sale Rules & GSUs

As a Google employee, you’ve been granted Restricted Stock Units, commonly referred to at the company as Google Stock Units (or GSUs for short). This is an excellent benefit that adds to your overall compensation. But in a down market, there are some tax traps to be...

Tax Considerations for Investments in FTX

Tax Considerations for Investments in FTX

So you had an investment in the FTX cryptocurrency exchange? Now that we’ve watched the spectacular collapse and bankruptcy filing, you may be wondering what all this means for tax purposes. Can we turn this loss into something that will lower your tax bill? Spoiler...

The Avalanche of Form 1099-K

The Avalanche of Form 1099-K

*1/5/23 UPDATE: The IRS has announced a delay in implementation for the new $600 reporting threshold. While these rules won't be in effect for the 2022 tax year, the IRS has indicated that they intend to make them effective for 2023.*  What is Form 1099-K and why...

Tax Benefits of S Corporations

Tax Benefits of S Corporations

S Corps, also known as S corporations, is an IRS election made by corporations or LLCs (limited liability companies) that governs the way these entities are taxed by IRS (and often time State) tax authorities. They are named after Subchapter S of the Internal Revenue...

Tax Extensions – Why It’s A Good Thing!

Tax Extensions – Why It’s A Good Thing!

Tax Extensions Traditionally, federal (and many state) tax returns are due on April 15 or the first business day thereafter (if the 15th is on a weekend or holiday). However, the IRS will grant you an automatic extension to file your taxes every year, as long as you...

Twitter Stock Options – What Happens Now?

Twitter Stock Options – What Happens Now?

Now that Elon Musk has taken Twitter private, what happens to public stock and employee stock options? While the November 8th deadline will close the chapter on Twitter as a public company, questions remain. Twitter stock will close to public trading on November 8th...

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