Image Image Image Image Image Image Image Image Image

Karlyn Haass, CPA, Author at Delap CPA

31 May

Liability Allocations and Why They Should Matter to You

May 31, 2016 | By | No Comments

Ever noticed that section titled “Partner’s share of liabilities at year-end” on your Schedule K-1? If you haven’t, cut yourself some slack because it’s easy to miss. These three lines in Section K titled “nonrecourse”, “qualified nonrecourse financing” and “recourse” are unique to partnership K-1s. While they may seem merely informational, they are actually quite […]

Read More

07 Jul

Not-so Basic Basis Schedules

July 7, 2015 | By | No Comments

Are you a partner of a partnership? Then you’ll want to listen up. Your CPA may or may not have mentioned basis schedules to you, but they are something you should probably stop tuning out. Why? Well I’m glad you asked! One of the main reasons why partnerships are so popular is because of the […]

Read More

20 Nov

Top 10 Tax Planning Tips

November 20, 2014 | By | No Comments

The end of the year is quickly approaching, which means it’s time to review and adjust your tax planning strategies. In order to help you get started, here is a list of our top 10 tax planning tips. Tax rates. The top 2014 marginal tax bracket is 39.6%, and the top rate for qualified capital […]

Read More

04 Dec

The Affordable Care Act and its Impact to Taxpayers

December 4, 2013 | By | No Comments

The Affordable Care Act has been a hot topic for several years. We hope the following Q&A’s will be helpful in determining how some of the new tax laws that went into effect January 1, 2013 may impact you as a taxpayer: Q: Okay, so cut to the chase, will this increase my taxes? A: […]

Read More