by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 27, 2022 | Palma Financial Services, Pro Tips, Tax Planning
If you’ve recently received a letter from the IRS stating that they “found a miscalculation on your Form 1040” caused by the Recovery Rebate Credit, keep reading. You’ve been waiting on a delayed refund for months and months, and then you...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 29, 2022 | Palma Financial Services, Pro Tips, Tax Planning
Do you have crypto now? When cryptocurrencies first became available, the IRS had little to say about them, but today it’s clear what activity is taxable. And I want to help you SAVE on taxes. If you are holding onto losses and looking to get rid of your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Oct 21, 2021 | Tax Planning
Contact a “Tax Professional Near Me” for expert advice for investors and taxpayers alike. Hypothetical situation: I invested $250,00 in 2015 in a startup, and the business failed. Can I deduct the entire loss? Investors: Angel investors are often willing...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 2, 2012 | Featured
The tax deadline may have just passed but planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time, money and headaches in 2013. Here are eight things you can do now to make next April 15 easier. 1) Adjust...