Blog
Investment Losses and Tax-Loss Harvesting
You win some, you lose some—that’s the nature of investing. But when it comes to paying taxes, you might be able to turn an investment loss into a tax win through tax-loss harvesting. It’s...
New Domestic Filing Exception (DFE) for Partnerships & S Corps
New instructions for schedules K-2 and K-3 are out. The big change is a Domestic Filing Exception (DFE) that, in theory, makes it easier to file if all partners/owners qualify. The DFE is...
The ‘Wayfair Tax’ Could Plague Businesses in 2023
Remember the 2018 Wayfair ruling? Industry experts speculate that small businesses conducting out-of-state sales could see enforcement of the economic nexus ruling ramp up in 2023. The $80...
Litigation Financing Rises Alongside Economic Worries
Litigation financing has come a long way since being considered a bizarre bankrolling tool in cases like Hulk Hogan’s lawsuit against Gawker Media in 2016. In fact, the potential for ligation...
Steven Bankler Senior Partner Steven Bankler CPA Ltd. San Antonio, TX
As s a young man, Steven Bankler learned the value of record keepning. His family owned a series of local businesses where he learned much about finance and taxes. With an undeniable interest...
Unsettling Real Estate Scams on the Rise
You’re on the verge of closing on the purchase of a new house when an email comes in from the agent. It includes instructions on how to wire your closing costs just as you anticipated. The...
Form 1099-K Changes on Hold…For Now
Businesses and individuals who use digital platforms like Venmo, Paypal, and eBay were bracing for tax headaches as the tax reporting threshold was about to drop with the New Year’s ball to...
Growth & Your Family Business
If you’re a family business owner, you likely didn’t choose that path because you hungered for business growth. But did you know that growth is the key to your family business thriving past the...
Have You Checked for Unclaimed Property Lately?
The Texas Comptroller’s office approved and paid out a record $309 million in unclaimed property during the past fiscal year. It might be worth checking out for yourself. Since 1963, Texas has...
How a $1 Billion Texas Tax Shelter Blew Apart
It’s hard to hide one billion dollars from the IRS, as a Dallas attorney allegedly found out recently. The man is accused of creating tax shelters to help high-net-worth clients conceal giant...