Real Estate: Tax Strategies Edition

By Greg Freyman, CPA and Angela Freyman, MBA “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world” ~ Franklin D. Roosevelt If you have a topic of interest you would […]

The Keys to Saving Wisely

“Take a better stand. Put money in my mom’s hand. Get my daughter this college plan, so she don’t need no man.” ~ Biggie If you have a topic of interest you would like to see us cover, feel free to reach out and let us know; we are always happy to hear your thoughts, […]

Let’s Talk About Tax, Baby

Individual Edition By Angela Freyman, MBA “The purpose of a tax cut is to leave more money where it belongs: in the hands of the working men and working women who earned it in the first place.” – Bob Dole If you have a topic of interest you would like to see us cover, feel […]

2016 Year-End Update for Individuals

It’s already December. Before long, it will be 2017, but we’ll all still accidentally write 2016. The start of a new year often brings tax changes, and with a new President in 2017, it is likely that there will be even more changes than usual. This article covers 2016 year-end update for individuals. What can […]

Estate Administration: An Illustrative Tale

Jack and Diane Smith are in their mid-50’s. Jack’s father, Thomas, recently passed away. Jack is named as the executor of his father’s estate. Jack isn’t sure exactly what he’ll need to do to handle his father’s estate, so he hires Greg of Freyman CPA and a local law firm to assist him in all […]

Special Considerations To Note When Filing Form 1040NR

Part III: Special considerations when filing Form 1040NR This three part series will look at who qualifies, requirements and exemptions of the form based on individual circumstances, and, finally, special considerations to note when filing a 1040NR: U.S. Nonresident Alien Income Tax Return.  Even after you have determined which form you should use for filing […]

Which Form 1040NR should I file?

Part II: What form should I file? This three part series will look at who qualifies, requirements and exemptions based on individual circumstances, and, finally, special considerations to note when filing a 1040NR: U.S. Nonresident Alien Income Tax Return.  After establishing who is considered a U.S. nonresident alien (NRA) in Part I, the next step […]

Are You a U.S. Nonresident Alien (NRA)?

Form 1040NR – U.S.Nonresident Alien Income Tax Return requires U.S. nonresident aliens (NRAs) to file this form if the NRA participated in any trade or business in the U.S. during the tax year and has U.S. source income.  Activities to include studying, teaching, or doing research in the U.S. are considered to be participating in […]

What You Need to Do with Form 1095

You, your employees or your clients may receive one or more forms that provide information about 2015 health coverage. These are Form 1095-A, 1095-B and 1095-C. The following health care tax tips provide some answers to common questions about these forms: Form 1095-A: What you need to do with this form Form 1095-B: What you need […]