All posts by falcpa

Tax Benefit of Separating Repairs from Improvements

There’s a world of tax difference between repairs to real estate property and capital improvements. And it’s not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your tax return. Basic premise: Repairs are currently deductible in full and can be used to offset the tax from rental income. On the other hand, Read More

Fair, Anderson and Langerman named 2018 Accounting Today’s Best Accounting Firms to Work for

Fair, Anderson and Langerman was recently named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. This survey and awards program is designed to identify, recognize and honor the best employers Read More

How the Tax Cuts and Jobs Act Affects Higher Education Tax Breaks and When to Contact a Tax Accounting Firm

The Tax Cuts and Jobs Act (TCJA) enacted many changes that affect individual taxpayers. With regards to tax breaks for higher education, the TCJA brought few changes, merely tweaking existing provisions. An experienced tax accounting firm can help you understand if the TCJA changes your tax situation. Check out the key details of education-related tax breaks for the Read More