Claim OwnershipWOW - Words of Wealth by CPAs of Florida - Noack & Company
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Podcast by Andrea Dillon, CPA
38 Episodes
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I work from home- Can I write off my home expenses as an office expense? If you have been listening to my series you know I am going through our most FAQ questions we get from our real estate agents- so I am speaking to you guys! However, lots of clients are asking this question this year. Please listen in to learn if you qualify and what that means for you.
Listen in to this episode featuring the wonderful Lisa Lotocke as she shares her top 5 QB troubleshooting issues. These are the 5 things she counsels and fixes in client's QB files as they are the most common errors she sees. This one is packed with all kinds of great stuff!!!
I lost my numbers when we transitioned from the old Media Uploads to this one. FAQ Series for Real Estate Agents: Can I write off my phone & internet on my taxes? Listen in for the answer, as well as an important tip to make sure you are not leaving (tax) money on the table!
In this podcast, Janet and Carol discuss 4 common questions missed in the 2020 Tax Filings:
- What's so special about Charitable Contributions for 2020?
- Why does my accountant care if I got an Economic Impact Payment (Stimulus Checks)?
- Do I need to tell my accountant if I skipped my RMD (Required Minimum Distribution) for 2020?
- Do I need to give my accountant every single medical receipt?
We are often asked if you can write off hair, makeup and clothes by our real estate professional clients, prospects and colleagues. Makeup and hair are a flat out no! But a uniform with your logo might be ok. Listen in for more.
The dreaded mile tracking question! While many of our agents are getting better at this, we still see too many who “ballpark” their miles driven. We then get the question: Is that really a big deal? Now, you are asking me, so I am going to go with the law here (of course) and say that yes, it is a big deal. Let’s go into a bit of background first.
Congratulations… you’ve passed the licensing test, and you are officially now a real estate agent!!!! Amidst all of your excitement on making this official, you are also likely somewhat overwhelmed with all of the STUFF you have to do to kick things off on the right foot. One of the most common conversations I have with real estate agents is that they know they need to track their expenses, but they have no idea where to even start. Help me please!
Whether you are a seasoned agent who has never gotten the financial guidance you need, or a new agent that is still getting your feet wet, you are running a business. One of you may be making more money or have more transactions every month, but both scenarios above are businesses. You need to start treating it like one. That starts with giving it its own checking account.
Real Estate Agents! This one is for you! Are you a new real estate agent? Likely, you have a TON of questions, and are super overwhelmed on the tax and accounting side. This is likely all new to you, and there is so much to think about. In this episode, I touch on 3 easy things you should be doing from day one to set yourself up for financial success.
One of the most common questions that we get from clients when they have a tax balance due is how do they actually make the payment. Listen in to this episode to hear the ways you can actually pay your tax, and some of the issues clients have along the way so you can avoid a costly mistake down the road when all you want to do is pay your tax.
The IRS is now starting to use QR codes when they send out a couple of their letters-QR codes are those barcodes that you can scan with your phone, and magically lots of information is brought up. The IRS notoriously is a bit behind the technology times, so it is really neat to see them adopting this particular piece of technology! This will only be on a couple of their letters initially and is intended to direct you to ways to pay your taxes or ask for help in a quick manner. Listen in to hear more!
Are you trying to efile your 2019 tax return and having a problem? We have had countless clients with the same problem that was a hidden result of using the IRS's non-filer tool they put on their website earlier this year to help you get your stimulus check. Lots of people misunderstood the intent of this tool, and it is now causing them grief when they try to electronically file their 2019 tax return. If this is you, you used this tool and are now having issues e-filing your 2019 tax return, listen in to learn more about what likely happened and how you can fix it.
There has been a lot of talk in the news about the Stimulus checks and the deadlines to apply for them. Today's episode will focus on the people who do not have to file a tax return, what they need to do to get their check and when they need to do it by. We will also discuss people who do need to file a tax return to get their check and have not yet done that. Listen in to make sure you know what you need to do tog et yours and when you need to do it by!
As we come up on the 10/15 extended tax deadline, we have had a flurry of clients requesting another extension (on top of the normal 10/15 extensions). Every year we have a few clients raise this question, so this episode will address this exact topic! Spoiler alert- the answer is no, there is no additional extension after the normal extension.
We get tons of questions on how to pay estimated taxes, when to pay estimated taxes, and how much to pay in estimated taxes. Listen to learn the answers to these questions as well as the associated penalties for failure to pay estimated taxes. We will also address the COVID 19 relief available for failure to pay estimated taxes.
Whoops! Did you miss the 9/15 Business Tax filing deadline? Let's face it- life gets in the way sometimes. There is a nasty little penalty that kicks in as soon as you miss it, listen in to learn more about the late filing penalty, and what you should do immediately to try to get on top of this!
Carol McCarley and Janet Noack will answer your questions about the deductibility of expenses related to rental properties owned by non US persons in the US. We will discuss what happens when a rental property is used personally and how that affects your US taxes and deductions. Listen for these answers and more.
Non US persons need to decide how to buy US properties. Should they buy the property personally, in an LLC or a Corporation? What tax filings are required? What happens if I want to buy a property with others? How does this all work? Listen to hear the answers to this and more.
What is an ITIN? How can I get an ITIN? Why do I care? Learn why and what it takes to get a US ITIN. Join Carol McCarley and Janet Noack for a series on Non-US persons and US taxation.
It's never easy talking about being in a cash crisis, but when it happens, it's really important! Here are 4 tips to help you deal with a cash crisis a little better.
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