AFS Blog

WHEN MORTGAGE DEBT ANALYSIS SEEMS WRONG

Once or twice a year, a tax client comes to me exasperated because their mortgage broker is not including all of their income in their debt analysis. The most recent situation was one where the broker didn't understand that a shareholder of an S Corp will typically...

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Crypto Currency Update 2023

Some crypto currencies lost a lot of their value in 2022 and 2023 while a smaller number have recovered some losses in 2023. This update is a review on how to handle both gains and losses on your tax returns and also discusses a couple of new IRS announcements...

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