Strategic Tax Advisors - STA - Business Tax Reviews

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The IRS proposes a new face-lift for Individual Tax Form 1040

Posted on July 3, 2018 by W. Wade
The IRS proposes a new face-lift for Individual Tax Form 1040 The IRS Form 1040 has been given a face-lift and will be condensed to a postcard-sized form. The goal is to standardize and simplify the 1040 so all 150 million taxpayers will be using the same form; and eliminate Forms 1040, 1040A, and 1040EZ. 
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Posted in IRS

Asset Protection: How the Florida International University Bridge Collapse is Relevant to You

Posted on April 12, 2018 by E. Lee
Asset Protection: How the Florida International University Bridge Collapse is Relevant to You On Thursday, March 15, 2018, a newly installed bridge collapsed on Florida International University’s (FIU) campus killing six people and injuring nine others. The new pedestrian bridge was designed to connect the campus to student housing while showcase the school’s leadership in
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Posted in Asset Protection

Disaster Area Losses

Posted on February 13, 2018 by E. Fullington
Disaster Area Losses General Casualty Loss.  A casualty loss is the result of damage, destruction, or loss of property from any sudden, unexpected, or unusual event, such as a flood, hurricane, tornado, fire, earthquake, or volcanic eruption.  Normal wear and tear would not be included. Disaster Loss. A disaster loss must be declared by the
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Posted in Disaster Loss

Call the Booth

Posted on January 9, 2018 by E. Fullington
Call the Booth BUZZZZZ.  The buzzer sounds, telling the teams and fans alike that game has concluded.  Although two teams run off the field, only a single victor emerges from the battlefield.   The owner of the defeated team rings the scoreboard technician to ask, “What can I do to change the score of the game?” 
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Posted in Tax Reduction, Tax Return

Have a Small Family Business? You Must Have a Succession Plan

Posted on September 25, 2017 by E. Lee
Have a Small Family Business? You Must Have a Succession Plan When we work with companies that have more than one owner, we should always ask the owners, “Is there a governing document that dictates what happens if something terrible happens to one of you?” According to the Small Business Administration, less than 10% of
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Posted in Succession Planning

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