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Episode 28 - Unique Situations... Death Of A Spouse, Wrong 1099s Issued
Manage episode 325736542 series 3328148
内容由Marie Torossian CPA提供。所有播客内容(包括剧集、图形和播客描述)均由 Marie Torossian CPA 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal。
In this week's episode, we covered unique situations…death of a spouse, wrong 1099s issued…
- What is the “innocent spouse” IRS guideline?
- How should you handle 1099 issued to a partner instead of the company?
- Why your 1099 for pre-2011 show only proceeds and no cost and how can you resolve the taxable proceeds reported?
If you enjoyed this episode, make sure to follow and share so that more business owners can benefit from this knowledge!
Gratefully,
Marie
55集单集
Manage episode 325736542 series 3328148
内容由Marie Torossian CPA提供。所有播客内容(包括剧集、图形和播客描述)均由 Marie Torossian CPA 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal。
In this week's episode, we covered unique situations…death of a spouse, wrong 1099s issued…
- What is the “innocent spouse” IRS guideline?
- How should you handle 1099 issued to a partner instead of the company?
- Why your 1099 for pre-2011 show only proceeds and no cost and how can you resolve the taxable proceeds reported?
If you enjoyed this episode, make sure to follow and share so that more business owners can benefit from this knowledge!
Gratefully,
Marie
55集单集
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1 Episode 55 - Inflation Reduction or “Inflation Relief” Act With Special Guest Michael Reeder 44:48
In this week's episode, we had round table discussion amongst us CPA colleagues with guests Pedro Gonzalez, CPA & Michael Reeder, CPA on the Inflation Reduction or “Inflation Relief” Act of 2022. A. What are the key aspects of the Act that will affect small business? B. Why should business owners ensure they are audit-ready by taking proactive actions? C. How should the CPA/Client dynamic change? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we had a special guest, Matt Gelber, ESQ, to help answer most common questions about insurance claims after major disasters such as a hurricane What are the differences between a homeowner’s insurance claim and a flood claim? How would you know when you should file homeowners’ vs. flood insurance claim? What does a typical claims process look like and when is the right time to file? How many years does one have to file a hurricane claim? Why is it important to hire someone to help with filing their claim? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…

1 Episode 53 - Handling Disaster Situations Such As The recent Hurricane Ian That Affected Multiple States 34:24
In this week's episode, we discussed about how to handle disaster situations such as the recent Hurricane Ian that affected multiple states! What are the IRS relief announcements related to this disaster? How to prepare your business for a disaster? What steps you should take to submit a claim to your insurance? What portion of your disaster related loss is reported on your taxes? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
Have you ever wondered what CPAs talk about over coffee? In this week's episode, we discussed about shareholder, or a member capital balances. 1. What is a shareholder or member capital account? 2. How do you track the capital account balances? 3. What should you do if you distribute more than the capital balance? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we discussed Franchise and License accounting! a. What is an Intangible asset basics? b. Can you amortize a franchise or License fee? c. How should you record and report royalty fees? d. And more… If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we discussed big tax deadline, intercompany loans, and Hybrid accounting! Who should file on September 15th, and what happens they don’t? How should you handle and support intercompany loans? Why hybrid accounting is not the best method? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we discussed unique situations we encountered When should you book the ERC credit receivable? When should you book factoring of your ERC or any other receivable? What’s the best way for foreign owners to apply for a business EIN? How far back can the IRS audit? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we continued the discussion on Inflation Reduction Act What should business owner’s pay attention to properly plan? What are the red flags they need to fix right now! We also discussed how to handle difficult customers. What you should do today to not feel trapped! How to have a difficult conversation and make a the right decision for your business. If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we continued the discussion on messy books... a. What qualifies as Health Insurance? b. Could you record you dog as a business expense? c. Why would accounts payables and receivables show up as negative balances in your balance sheet? d. Why you need to pay attention to Rent Expense and Mortgage Payments. e. Why you need to avoid using Journal Entries? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Song by Mötley Crüe - Live Wire Gratefully, Marie…
In this week's episode, we discussed Unique situations from clients. What are the key capital gains exclusions you should be aware? How messy books can bring about red flags to the IRS? What are the red flags in your books you need to fix right now! If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we discussed Inflation Reduction Act. What are the key points in the legislation and impact on taxpayer? How this impacts global and individual economy? How do you prepare your business for possible tax consequences of this legislation? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we answered we provided guidance on how to make your real estate business recession-proof. Why your mindset is key during the recession? Why should you prepare a business strategic plan to survive and thrive during the recession? How to diversify your income within your real estate business? How to cut-the-fat in your business? How to use consultants to help you with Financial and non-financial KPI’s for decision-making? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we answered partnership & business sales Questions we received from clients. Should partners get paid as a W2? What are advantages & Disadvantages, if any? Can a managing partner that is planning to sell the business be required to stay on for multiple years? What are the top three key items to consider when planning for business sale for a partner who has young children? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we discussed Ethical Standards in the Accounting Industry. What are the key areas of the AICPA -Code of Professional Conduct? What code of conduct do non-CPAs abide by? How much of ethics is covered in the CPA exams? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
In this week's episode, we discussed taxations of General Partnerships, Limited Partnership and Multi-member LLCs. Why are general partnership subject to self-employment taxation? Why is a Limited Partner NOT subject to self-employment taxation? How are multi-member LLC taxed? If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge! Do you have a question? Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Gratefully, Marie…
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