FINGERS CROSSED! House of Representatives is going to vote today on the new legislation known as HEROES Act (Health and Economic Recovery...

Yulia Langolf сompleted Advanced QuickBooks Online Certification. There are a lot of changes in the new QuickBooks Online and the best...

Have you already received a STIMULUS CHECK from IRS? I’ve received mine! Thank you, Mr. President, for the help much needed these days....

Taxpayers can use optional standard mileage rates to calculate deductible auto expense. Standard mileage rate for business use of a...

Do you have bank accounts outside of US? If there was more than $10k in total balance on all your foreign (NON US) bank accounts, you...

For any divorce or separation agreements executed after 12/31/2018, alimony and separate maintenance payments are NO MORE DEDUCTIBLE by a...

Please note if renting for less than 15 days a year, you don’t need to recognize / report this income to IRS (Sec. 280A). But remember...

DID YOU KNOW? Starting 2018 business entertainment expenses are NO MORE tax deductible. What do you think about this change? Call to...

DID YOU KNOW? Starting 2019 we will have to reduce charitable contribution deductions by any applicable state or local tax credits. What...

Langolf CPA is wishing you a very Merry Christmas & Happy New Year! Thank you for giving us the opportunity to serve you this past year....

Attention to the owners of S Corps and C Corps You are responsible for determining the appropriate salary or wage to pay shareholders. If...

Please note that the new Florida law requires all corporate (C Corporation) taxpayers to report additional information to the Florida...

DID YOU KNOW? IRS issued new guidance on virtual currency (Rev.Rul.2019-24). The new Revenue Ruling specifically describes hard fork as...

DID YOU KNOW? You need to report on your tax return any sale or exchange of virtual currencies. Also, if you received virtual currency as...

FINALLY! Starting 2019 there will be NO MORE PENALTIES FOR NOT HAVING HEALTH INSURANCE. Congratulations for those of my clients who do...