patrickcamusocpa (26)in #cpa • 7 years agoSINGLE MEMBER LLC’S (SMLLC)Single-Member LLC’s offer significant benefits to their owners’; whether such an entity is beneficial for your business depends on the details of your own personal situation.…patrickcamusocpa (26)in #cpa • 7 years agoWHAT IS COST SEGREGATION?Here at Camuso CPA PLLC, cost segregation is just one of the services that we provide at our firm. For those of you who are unfamiliar with the term, cost segregation is simply…patrickcamusocpa (26)in #cpa • 7 years agoTHE RAPIDLY EVOLVING CPA INDUSTRYThe CPA firm landscape is rapidly evolving, local firms like Camuso CPA serve as a model for how CPA firms can successfully respond to industry change and remain relevant. As a…patrickcamusocpa (26)in #tax • 7 years agoWHAT TAXPAYERS NEED TO KNOW ABOUT THE HOME OFFICE DEDUCTIONIf you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and…patrickcamusocpa (26)in #investing • 7 years agoDIVESTMENT TAX STRATEGY: CHARITABLE REMAINDER UNITRUSTSFor many individuals and investors, real estate represents the largest portion of their net worth. Real estate has been a popular investment tool both for income and long-term…patrickcamusocpa (26)in #cryptocurrencies • 7 years agoCRYPTOCURRENCIES AND WASH SALESSince cryptocurrencies are generally classified as property wash sale regulations should not currently be a concern for investors. This means investors can sell an investments to…patrickcamusocpa (26)in #investing • 7 years agoWHAT IS MY COST BASIS FOR MY CRYPTOCURRENCIES INVESTMENTS?Reporting and enforcement regarding the taxation for cryptocurrencies presents many challenges for the IRS and taxpayers. The IRS requires that taxpayers report the fair-market…patrickcamusocpa (26)in #cryptocurrency • 7 years agoTAX IMPLICATIONS FOR CRYPTOCURRENCY INVESTORSThe first IRS tax guidance for cryptocurrencies was introduced March 2014, few CPAs have done comprehensive analyses of the record-keeping and enforcement challenges that will…patrickcamusocpa (26)in #tax • 7 years agoTAX IMPLICATIONS FOR CRYPTOCURRENCY EARNINGS AND PAYMENTSThe first IRS tax guidance for cryptocurrencies was introduced March 2014, few CPAs have done comprehensive analyses of the record-keeping and enforcement challenges that will…