Regina Bedolla
What Is The Foreign Tax Credit?
Did you pay taxes in a foreign country but you are subject to US tax on the same income? If so, you may be able to claim a credit for...
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CPA SERVICES AND TAX PREPARATION
INDIVIDUALS / SMALL BUSINESS / EQUESTRIAN / EXPATRIATES
Regina Bedolla
Oct 8, 20211 min read
Can I Deduct Riding Clothing Expenses?
We know riding clothes can be quite an expense and you may be wondering if riding attire qualifies as a deductible item. If you're a...
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Regina Bedolla
Sep 28, 20211 min read
Why Do I Need a Tax Expert?
If you're thinking about hiring a CPA to help with your taxes, you may want to evaluate your tax situation to see if it makes sense. The...
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Regina Bedolla
Sep 21, 20212 min read
What Is The Statement of Cash Flows?
The Income Statement is one of the three financial statements. To get a complete idea about what financial statements are for and how to...
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Regina Bedolla
Sep 14, 20212 min read
What Is FinCEN Form 114 For?
Did you know the US has a Financial Crimes Enforcement Network (FinCEN)? The main function of this government bureau is to prevent and...
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Regina Bedolla
Sep 7, 20211 min read
Capital Gains When Selling Horses Or Cattle
To get a general view about how capital gains are taxed we recommend reading this post first. If you are a farm owner or equine...
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Regina Bedolla
Aug 31, 20212 min read
Capital Gains: Long Term vs Short Term
What is a capital gain? A capital gain occurs when an asset is sold for a price higher than the purchase price. This gain is a taxable...
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Regina Bedolla
Aug 24, 20212 min read
What Are The Tax Rates For 2021?
What is a tax rate? A tax rate is the percentage at which an individual or corporation is taxed. In the US we have a progressive tax rate...
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Regina Bedolla
Aug 17, 20212 min read
What Is The Tax Power of Attorney?
General definition A power of attorney is a legal document that authorizes a person to make medical or financial decisions on your...
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Regina Bedolla
Aug 13, 20211 min read
What Are Itemized Tax Deductions?
The IRS allows most taxpayers a standard deduction which reduces their taxable income by a predesignated amount. For some taxpayers, it...
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Regina Bedolla
Aug 13, 20212 min read
What Is The Balance Sheet?
Are you a business owner? Knowing how to interpret financial statements is a necessary skill used to make important decisions and...
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Regina Bedolla
Aug 13, 20212 min read
Deducting Horse Breeding Expenses
Today, we are going to cover how to deduct horse breeding expenses. These guidelines apply to businesses using the cash accounting...
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Regina Bedolla
Aug 13, 20211 min read
What Is The 15% Global Minimum Tax Proposal?
There's a potential overhaul of the global taxation of multinational corporations on the horizon. The goal of the proposed 15% global...
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Regina Bedolla
Aug 13, 20211 min read
What Is An Expat?
The word expat is short for expatriate. In simple words, an expat is a person residing and/or working in a country other than their...
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Regina Bedolla
Aug 13, 20212 min read
How To Report Foreign Financial Assets In Your Tax Return
It’s not uncommon for Americans living or working abroad to acquire different types of foreign financial assets. If you’re a US taxpayer...
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Regina Bedolla
Aug 13, 20212 min read
Depreciation According To The IRS
When it comes to business expenses, you can't necessarily deduct the entire purchase price in the year acquired. You may be required to...
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