by jritter | Apr 29, 2025 | Tax Center
Elder care accounting falls within the scope of services provided by accountants and tax professionals. Today, we will blend two topics together to illustrate the usefulness of elder care accounting. Elder care accounting is provided for elderly individuals who have...
by jritter | Jan 17, 2025 | Tax Center
A question many Haywood County residents will be asking this tax season is whether a deduction is permissible for disaster losses. Today’s discussion will primarily be for individuals with losses to a primary residence and household furnishings. Disaster loss rules...
by jritter | Nov 22, 2023 | Cryptocurrency
Blog post by R. Joseph Ritter, Jr. CFP® EA A client recently made me aware of a federal court case involving cryptocurrency taxation. This post will review how the case may impact the future of cryptocurrency taxation. In Jarrett v. USA, the taxpayers correctly...
by jritter | Dec 22, 2022 | Real Estate, Tax Center
Real estate by default is treated as a passive activity for income tax purposes. This means that passive income is included in Adjusted Gross Income, however, passive losses can only be offset by other passive income. In many cases, real estate investing can produce...
by jritter | Jul 26, 2022 | Tax Center
There are many different credentials among tax and financial professionals, and even for a professional office like ours, the variety of credentials can get confusing. The CPA license is the most common among tax and accounting matters. It is widely recognizable, and...
by jritter | Jun 28, 2022 | S Corporations
This is a question I am receiving more frequently, and it seems fitting to address it in a blog post. There are also quite a few articles on this topic, but nearly all of them leave out important points and background information. The question is usually posed by a...