Schedules K-2 and K-3 will be a major change to partnership and S corporation reporting starting in 2021 and will be required for 2022 and future years.…
Author: admin_falco
February 8, 2022
The Taxation of Collectibles: What Collectors Need to Know
A 1979 Wayne Gretzky rookie card sold for $1.79 million in December, while a Mickey Mantle rookie card brought in $5.2 million. Online collectible sales exploded. U.S.…
February 8, 2022
IRS Online Tools and Account Creation
With a shrinking IRS workforce, getting in contact with IRS agents is becoming increasingly difficult. The more traditional methods of communicating with the IRS – by phone…
February 8, 2022
Washington Long-Term Care Tax Updates, Withholding Date Extended
On January 27, two bills were passed by the Washington state legislature pertaining to the WA Cares Fund. These bills prolonged the start date for withholding premiums…
January 26, 2021
Falco Sult Stresses the Importance for Businesses to Keep Good Accounting Records
Good accounting records are the foundation of a successful business, yet surprisingly a lot of businesses are lacking this crucial tool. Accounting records inform business operations. “There…
Newsletter Sign-Up
Connect With Us
