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See all of dwcadvisors.com news coverage in one place. Discover how dwcadvisors.com’s media bias informs their coverage and compare with thousands of other news outlets.

In total, 19 have been published by dwcadvisors.com which Ground News has aggregated in the past 3 months.

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Top dwcadvisors.com News

Taxes · United States

Climate: Oh Boy–OBBBA Scrambles U.S. Energy Outlook

100% Center coverage: 1 sources

In this week's Current Climate newsletter, OBBA scrambles the U.S. energy outlook; liability headaches for Tesla robotaxis; surprise survival of U.S. hydrogen incentives See the Story

Glenwood Springs · Glenwood Springs

DWC Recognizes Staff Advancements and New CPA Certification - DWC CPAs and Advisors

DWC CPAs and Advisors is pleased to announce the following promotions and Certified Public Accountant (CPA) certification. Kate A. Bruno to Tax Senior Growing up in Thornton, Kate came to the Western Slope to attend Colorado Mesa University, where she graduated with a Bachelor of Science in Public Accounting. While in school, she interned with DWC and transitioned to a full-time role in May 2023. Kate provides tax services to both individual and…Read Article

Cryptocurrency · United States

Do you have to pay taxes on cryptocurrency and other digital assets? - DWC CPAs and Advisors

As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To help you stay compliant and avoid tax-related complications, here are the basics of digital asset reporting. What is considered a digital asset? Digital assets are defined by the IRS as any digital representation of value t…Read Article

Do you need to pay taxes when you win a settlement or lawsuit award? - DWC CPAs and Advisors

If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay taxes on it? The short answer: It depends on the type of damages you received. Understanding the basic rules can help you avoid surprises. Taxable vs. Nontaxable Awards Not all lawsuit settlements or awards are treated the same under federal tax law. Generally, the IRS breaks them into…Taxes · United States Read Article

What Happens to Debt After a Person Dies? - DWC CPAs and Advisors

One question the family of a deceased person often asks is: What happens to debt after a person dies? It’s important to realize that a person’s debt doesn’t simply vanish after his or her death. An estate’s executor or beneficiaries generally aren’t personally liable for any debt. The estate itself is liable for the deceased’s debt. This is true regardless of whether the estate goes through probate or a revocable (or “living”) trust is used to a…Read Article

Tips Reporting Property, Plant, and Equipment (PPE) Assets - DWC CPAs and Advisors

Under U.S. Generally Accepted Accounting Principles (GAAP), property, plant and equipment (PPE) assets aren’t immediately expensed. Instead, they’re capitalized on your company’s balance sheet and gradually depreciated over their useful lives. While that sounds easy enough, subtle nuances may trip up small businesses. Here are some tips to help get it right. How do I report PPE? PPE is reported on the balance sheet at historical cost. You should…PPE · United States Read Article

Equipment Manufacturers Are for the One Big Beautiful Bill Act

100% Right coverage: 2 sources

The Washington Examiner is examining tax policy by speaking to members of Congress and economics experts to answer voters’ questions about the One Big Beautiful Bill Act making its way through the Senate. Since the not-so-beautiful breakup between Elon Musk and Donald Trump, people need a little bit more convincing to support the president’s “one big, beautiful bill.” The Washington Examiner spoke exclusively with Kip Eideberg, the senior vice p…Senate · United States See the Story

The “wash sale” rule: Don’t let losses circle the drain - WCS - Tax Preparation in Elkton MD

Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the good news is that you may be able to harvest a tax-saving capital loss by selling the loser security. However, for federal income tax purposes, the wash sale rule could disallow your hoped-for tax loss. Rule basics A loss from selling stock or mutual fund shares is disallowed if, within t…United States · United States See the Story

Estimating Fair Value - DWC CPAs and Advisors

Many balance sheet items are reported at historical cost. However, current accounting standards require organizations that follow U.S. Generally Accepted Accounting Principles (GAAP) to report certain assets and liabilities at “fair value.” This shift aims to enhance transparency and reflect an entity’s current financial position more accurately. However, estimating fair value can involve significant judgment and subjectivity, especially when ob…United States · United States Read Article

Beware of the 100% Penalty - DWC CPAs and Advisors

Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ paychecks. In this situation, the IRS can assess the trust fund recovery penalty, also called the 100% penalty, against any responsible person. It’s called the 100% penalty because the entire unpaid federal income and payroll tax amounts can be assessed personally as a penalty against a responsib…United States · United States Read Article

Understanding the “Step-up in Basis” when Inheriting Assets - WCS - Tax Accountant in Bel Air MD

If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in basis. Below is an overview of how the rule works and what planning might need to be done. What “basis” means First, let’s look at a couple definitions. Basis is generally what the owner paid for an asset, adjusted for improvements, depreciation, return of capital, etc. Capital gain (or loss) e…Taxes · United States See the Story

News from dwcadvisors.com

News from dwcadvisors.com

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Top dwcadvisors.com News

Climate: Oh Boy–OBBBA Scrambles U.S. Energy Outlook

DWC Recognizes Staff Advancements and New CPA Certification - DWC CPAs and Advisors

Do you have to pay taxes on cryptocurrency and other digital assets? - DWC CPAs and Advisors

Do you need to pay taxes when you win a settlement or lawsuit award? - DWC CPAs and Advisors

What Happens to Debt After a Person Dies? - DWC CPAs and Advisors

Tips Reporting Property, Plant, and Equipment (PPE) Assets - DWC CPAs and Advisors

Equipment Manufacturers Are for the One Big Beautiful Bill Act

The “wash sale” rule: Don’t let losses circle the drain - WCS - Tax Preparation in Elkton MD

Estimating Fair Value - DWC CPAs and Advisors

Beware of the 100% Penalty - DWC CPAs and Advisors

Understanding the “Step-up in Basis” when Inheriting Assets - WCS - Tax Accountant in Bel Air MD

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Do you need to pay taxes when you win a settlement or lawsuit award? - DWC CPAs and Advisors

What Happens to Debt After a Person Dies? - DWC CPAs and Advisors

Tips Reporting Property, Plant, and Equipment (PPE) Assets - DWC CPAs and Advisors

Equipment Manufacturers Are for the One Big Beautiful Bill Act

The “wash sale” rule: Don’t let losses circle the drain - WCS - Tax Preparation in Elkton MD

Estimating Fair Value - DWC CPAs and Advisors

Beware of the 100% Penalty - DWC CPAs and Advisors

Understanding the “Step-up in Basis” when Inheriting Assets - WCS - Tax Accountant in Bel Air MD