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By Gary Bode CPA, on August 20th, 2014% Depreciation recapture increases your gain, or decreases your loss, on a rental property sale. You get dinged whether you deducted deprecation expense or not. Sometimes IRS Form 3115 let’s you break even. For a free consult call (910) 399-2705.
Rental real estate CPAs deal with rental property sales and depreciation recapture on IRS Form . . . → Read More: Rental Real Estate CPA tax accountant discusses depreciation recapture on rental property sales | depreciation allowed or allowable | Form 3115, Application for Change in Accounting Method |
By Gary Bode CPA, on February 10th, 2013% Gary Bode, CPA: our firm is an S Corporation, so I stay current on Form 1120-S issues. (910) 399-2705.
S Corporation CPAs say paying your taxes later is better than paying them now. Several Form 1120-S accounting methods exist that allow S Corporations to shift advance customer payments to a future year. This shifts . . . → Read More: S Corporation CPA discusses Advance Payments as Income | 2012 IRS Form 1120-S Accrual Method Accounting
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