Nicholas Aiola, CPA - Are You Missing These Tax Payments? - Ben Franklin Eye
Do you have income that is not subject to federal and/or state income tax withholding? If so, you may be required to make quarterly estimated tax payments. Why? Because taxes must be paid on income as it’s earned. For example, a W-2 employee receives a paycheck at set intervals throughout the […]

Are You Missing These Tax Payments?

Nicholas Aiola, CPA - Tax Implications of Seller Financing
If you’ve never heard of seller financing — AKA owner financing — in relation to real estate, the good news is it’s an easy concept to understand. The better news is that it could be a tax-advantaged strategy when selling your home. What Is Seller Financing? Seller financing in real […]

Tax Implications of Seller Financing

Nicholas Aiola, CPA - Expensing vs. Capitalizing Repair Costs -Tools on Table
I think it’s safe to say the debate on whether to capitalize or expense repair costs applies to every landlord. Show of hands… Who has never done a single repair on any property…ever. Anyone? I didn’t think so. The issue is determining whether the cost of repairs must be capitalized […]

Expensing vs. Capitalizing Repair Costs

Nicholas Aiola, CPA - Can You Deduct Your Rental Losses - Home
Normally, it’s not good news when you hear the word “losses” in connection with your business. Rental losses, however, can be a good thing. Keep in mind – we’re talking about rental tax losses, not rental cash flow losses. It is possible to generate positive cash flow from your rentals […]

Can You Deduct Your Rental Losses?

Nicholas Aiola, CPA - Where's My Refund? - Woman Searching
It’s been two weeks since the tax filing deadline and you still haven’t gotten your refund. Not ideal. There are a number of reasons refunds get delayed – more information is needed, your returns were not e-filed (paper-filed returns take longer to process than e-filed returns), the return is incomplete, […]

Where’s My Refund?

Nicholas Aiola, CPA - Tax Time Meme Dump - Tax Time Meme Dump
After surviving another tax season, let’s celebrate with some good ol’ fashioned tax memes: Did you like this article? Feel like it was missing something? Rate it to let us know 🙂 Nick Aiola is a CPA and the owner of Aiola CPA, PLLC. Nick and his team provide the […]

Tax Time Meme Dump

Nicholas Aiola, CPA - 2018 Tax Cheat Sheet - Happy New Year (2018)
  Thanks to the new tax law, 2018 brings more changes than just the typical adjustments for inflation. Let’s take a look…   Tax Rates Single: Taxable Income Tax Rate $0 to $9,525 10% $9,526 to $38,700 $952.50 plus 12% of the amount over $9,525 $38,701 to $82,500 $4,453.50 plus […]

2018 Tax Cheat Sheet