Tax Return Review – Disaster Distribution and Rental Expenses

“Bob and Sue” took a COVID-19 disaster distribution during 2020 and then repaid the full amount before filing their tax returns. They also have rental income but the expenses raise questions. Watch to see Steven’s insights on what questions he would be asking “Bob and Sue”

Recommended Articles

Are You Ready For The January 18th, 2022 Tax Deadline?

No, the IRS is not trying to balance out the last 2 years where the deadline to file was extended into July (2019) and May (2020). In fact, every year […]

Read More

5 Reasons CPAs Aren’t Referring Their Clients To You

Retirement Tax Planning through Capital Gains Harvesting Capital gains can be an exciting topic. In simple terms, it means that investments worked out well for clients whose advisors recommend capital

Read More

Client Tax Refunds: Advisors Can Add Value Every Tax Year!

Financial advisors can have a favorable impact on client tax refunds every year. So, do you know how to take advantage of this opportunity to demonstrate your value on a […]

Read More