Avant Tax Consulting & Accounting

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The intricacies of tax law, particularly around rental real estate, can be both a boon and a bane for investors. Among these complexities, the $25,000 rental passive loss limitation stands out as a critical rule for taxpayers who own rental properties. But those that qualify as real estate professionals can avoid that limitation.

Funding a child's education can be a daunting task for many parents and guardians. With the rising costs of post-secondary education, finding a tax-efficient way to save and grow education funds is crucial. Section 529 Plans are a powerful tool in the arsenal of education savings options.

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Although taxes may not be the sole item leading to your decision of who to vote for in the Fall elections, it is one of many factors to consider.

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Home-based businesses can deduct a portion of expenses like rent, utilities, and insurance with the home office deduction. We will make sure you meet IRS criteria for eligibility!

Understanding the intricacies of the Section 911 Foreign Earned Income Exclusion, along with the housing allowance, physical presence test, and bona fide residence criteria, is crucial for U.S. citizens and resident aliens working abroad.

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Here are the August 2024 Individual Due Dates

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Here are the August 2024 Business Due Dates

Understanding the intricacies of self-employment tax is vital for anyone earning income outside of traditional employment. While the responsibility to pay rests on many self-employed individuals, exemptions and special cases exist. Properly navigating these obligations ensures compliance with tax laws and contributes to the financial health of both individuals and their businesses.

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Boost your business with tech! Consultants and coaches can deduct expenses for virtual tools that streamline operations and enhance client interactions.

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As our population ages, seniors increasingly become targets for a variety of scams. These fraudulent schemes can have devastating financial and emotional impacts on older adults, who may be more vulnerable due to factors such as isolation, cognitive decline, or simply a trusting nature.

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When watching the Paris Olympics this summer, think about the tax aspects of the prize money for winning a medal.

Senior citizens are struggling to pay property taxes nationwide. Here's what some states are doing to save their aging population.

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Selling online? Understand your tax responsibilities to stay compliant and avoid penalties. Contact this office for assistance!

Discover the top 5 accounting mistakes small business owners make and learn how to avoid them. Improve your financial health with practical tips on bookkeeping, expense tracking, and cash flow management.

Discover how focusing on customer experience can enhance your business's financial performance. Learn practical strategies to improve customer retention, increase lifetime value, and reduce churn, all while boosting your bottom line.

The taxation of damages and their deductibility by the payer is a complex area of tax law that intersects with various types of legal settlements and court awards.

Learn about the different types of IRS audits--Correspondence, Office, and Field Audits. Discover why professional assistance is crucial for navigating the complex and stressful audit process effectively.