Freese, Peralez & Associates, LLC

Freese, Peralez & Associates, LLC

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Paper forms ‘kryptonite' to IRS: “Among the disturbing facts presented here is the reference to “kryptonite” and the IRS, equating them with…..Superman?” By Jeff Carlson For the 2022 filing season, the IRS needs to process millions of remaining 2020 paper returns alongside incoming returns for 2021. IRS Commissioner Chuck Rettig has dispatched 1,200 workers to sort through amended paper returns […]
The post Paper forms ‘kryptonite' to IRS appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3p7dKvl
Help for taxpayers and tax professionals: Special filing season alerts: The IRS has launched a web page to make taxpayers aware of updates and potential changes to the 2022 tax filing season. Help for taxpayers and tax professionals: Special filing season alerts | Internal Revenue Service (irs.gov)
The post Help for taxpayers and tax professionals: Special filing season alerts appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/352y1Lg
How to Fill Out Your W-4 Form in 2022 https://bit.ly/3oNMTnE
Congress ramps up pressure on IRS to address return backlog: On the heels of the National Taxpayer Advocate's 2021 annual report detailing insufficient funding and staffing at the IRS, several members of Congress have sent letters calling for action to address the IRS's backlog of unprocessed tax returns as the 2022 tax season begins. In a perfect storm of a shrinking budget, historically fewer employees, […]
The post Congress ramps up pressure on IRS to address return backlog appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3rzkd3B
Gig workers should understand their tax obligations: The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands […]
The post Gig workers should understand their tax obligations appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3FlDBF3
Are you eligible for a medical expense tax deduction?: You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It's possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross income. Plus, medical expenses are deductible only if […]
The post Are you eligible for a medical expense tax deduction? appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3zI88vq
2022 Q1 tax calendar: Key deadlines for businesses and other employers: Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn't all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you're meeting all applicable deadlines and to learn more about the filing requirements. January […]
The post 2022 Q1 tax calendar: Key deadlines for businesses and other employers appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3JTKm4u
Will the standard business mileage rate go up in 2022? Yes!: After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will […]
The post Will the standard business mileage rate go up in 2022? Yes! appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3f4Hy6h
Defer tax with a like-kind exchange: Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With real estate prices up in some markets (and higher resulting tax bills), the like-kind […]
The post Defer tax with a like-kind exchange appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3GerOK8
Navigating the tax landscape when donating works of art to charity: If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating it to charity. The answer to that question can be complex because several different tax rules may come into play with such contributions. A charitable contribution of a work of […]
The post Navigating the tax landscape when donating works of art to charity appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3F7xB33

Certified Public Accounting firm based out of The Woodlands, Texas and serving the Greater Houston area. Our mission is to provide clients with the best possible perspective to understand the challenges they face and the opportunities available to them.

With a particular focus on taxation, FPA provides sophisticated tax planning and strategies to clients of all types and sizes.

Paper forms ‘kryptonite’ to IRS - Freese, Peralez and Associates, LLC 02/24/2022

Paper forms ‘kryptonite’ to IRS - Freese, Peralez and Associates, LLC

Paper forms ‘kryptonite' to IRS: “Among the disturbing facts presented here is the reference to “kryptonite” and the IRS, equating them with…..Superman?” By Jeff Carlson For the 2022 filing season, the IRS needs to process millions of remaining 2020 paper returns alongside incoming returns for 2021. IRS Commissioner Chuck Rettig has dispatched 1,200 workers to sort through amended paper returns […]
The post Paper forms ‘kryptonite' to IRS appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3p7dKvl

Paper forms ‘kryptonite’ to IRS - Freese, Peralez and Associates, LLC “Among the disturbing facts presented here is the reference to “kryptonite” and the IRS, equating them with…..Superman?” By Jeff Carlson For the 2022 filing season, the IRS needs to process millions of remaining 2020 paper returns alongside incoming returns for 2021. IRS Commissioner Chuck...

Help for taxpayers and tax professionals: Special filing season alerts - Freese, Peralez and Associates, LLC 02/17/2022

Help for taxpayers and tax professionals: Special filing season alerts - Freese, Peralez and Associates, LLC

Help for taxpayers and tax professionals: Special filing season alerts: The IRS has launched a web page to make taxpayers aware of updates and potential changes to the 2022 tax filing season. Help for taxpayers and tax professionals: Special filing season alerts | Internal Revenue Service (irs.gov)
The post Help for taxpayers and tax professionals: Special filing season alerts appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/352y1Lg

Help for taxpayers and tax professionals: Special filing season alerts - Freese, Peralez and Associates, LLC The IRS has launched a web page to make taxpayers aware of updates and potential changes to the 2022 tax filing season. Help for taxpayers and tax professionals: Special filing season alerts | Internal Revenue Service (irs.gov)

How to Fill Out Your W-4 Form in 2022 02/14/2022

How to Fill Out Your W-4 Form in 2022

How to Fill Out Your W-4 Form in 2022 https://bit.ly/3oNMTnE

How to Fill Out Your W-4 Form in 2022 How you fill out Form W-4 determines how much tax your employer withholds, so it’s important to get it right so you don’t end up owing the IRS.

Congress ramps up pressure on IRS to address return backlog - Freese, Peralez and Associates, LLC 02/08/2022

Congress ramps up pressure on IRS to address return backlog - Freese, Peralez and Associates, LLC

Congress ramps up pressure on IRS to address return backlog: On the heels of the National Taxpayer Advocate's 2021 annual report detailing insufficient funding and staffing at the IRS, several members of Congress have sent letters calling for action to address the IRS's backlog of unprocessed tax returns as the 2022 tax season begins. In a perfect storm of a shrinking budget, historically fewer employees, […]
The post Congress ramps up pressure on IRS to address return backlog appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3rzkd3B

Congress ramps up pressure on IRS to address return backlog - Freese, Peralez and Associates, LLC On the heels of the National Taxpayer Advocate’s 2021 annual report detailing insufficient funding and staffing at the IRS, several members of Congress have sent letters calling for action to address the IRS’s backlog of unprocessed tax returns as the 2022 tax season begins. In a perfect storm o...

Gig workers should understand their tax obligations - Freese, Peralez and Associates, LLC 01/12/2022

Gig workers should understand their tax obligations - Freese, Peralez and Associates, LLC

Gig workers should understand their tax obligations: The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands […]
The post Gig workers should understand their tax obligations appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3FlDBF3

Gig workers should understand their tax obligations - Freese, Peralez and Associates, LLC The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking do...

Are you eligible for a medical expense tax deduction? - Freese, Peralez and Associates, LLC 01/11/2022

Are you eligible for a medical expense tax deduction? - Freese, Peralez and Associates, LLC

Are you eligible for a medical expense tax deduction?: You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It's possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross income. Plus, medical expenses are deductible only if […]
The post Are you eligible for a medical expense tax deduction? appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3zI88vq

Are you eligible for a medical expense tax deduction? - Freese, Peralez and Associates, LLC You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross income. Plus, medical expenses are...

2022 Q1 tax calendar: Key deadlines for businesses and other employers - Freese, Peralez and Associates, LLC 01/10/2022

2022 Q1 tax calendar: Key deadlines for businesses and other employers - Freese, Peralez and Associates, LLC

2022 Q1 tax calendar: Key deadlines for businesses and other employers: Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn't all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you're meeting all applicable deadlines and to learn more about the filing requirements. January […]
The post 2022 Q1 tax calendar: Key deadlines for businesses and other employers appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3JTKm4u

2022 Q1 tax calendar: Key deadlines for businesses and other employers - Freese, Peralez and Associates, LLC Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to l...

Will the standard business mileage rate go up in 2022? Yes! - Freese, Peralez and Associates, LLC 01/09/2022

Will the standard business mileage rate go up in 2022? Yes! - Freese, Peralez and Associates, LLC

Will the standard business mileage rate go up in 2022? Yes!: After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will […]
The post Will the standard business mileage rate go up in 2022? Yes! appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3f4Hy6h

Will the standard business mileage rate go up in 2022? Yes! - Freese, Peralez and Associates, LLC After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or pane...

Timeline photos 01/08/2022

Timeline photos

Defer tax with a like-kind exchange - Freese, Peralez and Associates, LLC 01/08/2022

Defer tax with a like-kind exchange - Freese, Peralez and Associates, LLC

Defer tax with a like-kind exchange: Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With real estate prices up in some markets (and higher resulting tax bills), the like-kind […]
The post Defer tax with a like-kind exchange appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3GerOK8

Defer tax with a like-kind exchange - Freese, Peralez and Associates, LLC Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With real estate prices up in some markets (and higher resulting t...

Timeline photos 01/07/2022

Timeline photos

Navigating the tax landscape when donating works of art to charity - Freese, Peralez and Associates, LLC 11/11/2021

Navigating the tax landscape when donating works of art to charity - Freese, Peralez and Associates, LLC

Navigating the tax landscape when donating works of art to charity: If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating it to charity. The answer to that question can be complex because several different tax rules may come into play with such contributions. A charitable contribution of a work of […]
The post Navigating the tax landscape when donating works of art to charity appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3F7xB33

Navigating the tax landscape when donating works of art to charity - Freese, Peralez and Associates, LLC If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating it to charity. The answer to that question can be complex because several different tax rules may come into play with such contributions. A charitable contribution of a work of...

Bitly | Forbidden | 403 11/10/2021

Bitly | Forbidden | 403

Vacation home: How is your tax bill affected if you rent it out?: If you're fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it's rented and your level of personal use. Personal use includes vacation use by you, your relatives […]
The post Vacation home: How is your tax bill affected if you rent it out? appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3CZSUCW

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M&A transactions: Be careful when reporting to the IRS - Freese, Peralez and Associates, LLC 11/09/2021

M&A transactions: Be careful when reporting to the IRS - Freese, Peralez and Associates, LLC

M&A transactions: Be careful when reporting to the IRS: Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider of financial data. It reports that 2021 is set to be the biggest in M&A history, with the United States accounting for $2.14 trillion worth of transactions already this year. […]
The post M&A transactions: Be careful when reporting to the IRS appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3wsWIKF

M&A transactions: Be careful when reporting to the IRS - Freese, Peralez and Associates, LLC Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider of financial data. It reports that 2021 is set to be the biggest in M&A history, with the United States accounting for $2.14 trillion worth of....

2021 Q4 tax calendar: Key deadlines for businesses and other employers - Freese, Peralez and Associates, LLC 11/08/2021

2021 Q4 tax calendar: Key deadlines for businesses and other employers - Freese, Peralez and Associates, LLC

2021 Q4 tax calendar: Key deadlines for businesses and other employers: Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn't all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you're meeting all applicable deadlines and to learn more about the filing requirements. Note: […]
The post 2021 Q4 tax calendar: Key deadlines for businesses and other employers appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3o7SuV1

2021 Q4 tax calendar: Key deadlines for businesses and other employers - Freese, Peralez and Associates, LLC Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to ...

Timeline photos 11/07/2021

Timeline photos

New per diem business travel rates became effective on October 1 - Freese, Peralez and Associates, LLC 11/07/2021

New per diem business travel rates became effective on October 1 - Freese, Peralez and Associates, LLC

New per diem business travel rates became effective on October 1: Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that became effective October 1, 2021. Taxpayers can use these rates to substantiate the amount of expenses for lodging, meals and incidental expenses when traveling away from home. (Taxpayers in the transportation […]
The post New per diem business travel rates became effective on October 1 appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3kdqBcV

New per diem business travel rates became effective on October 1 - Freese, Peralez and Associates, LLC Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that became effective October 1, 2021. Taxpayers can use these rates to substantiate the amount of expenses for lodging, meals and incidental exp...

Timeline photos 11/06/2021

Timeline photos

Bitly | Forbidden | 403 11/06/2021

Bitly | Forbidden | 403

Get your piece of the depreciation pie now with a cost segregation study: If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits of a cost […]
The post Get your piece of the depreciation pie now with a cost segregation study appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3mOkMnN

Bitly | Forbidden | 403 This is a 403 error, and it's not as ominous as it sounds. Bitly can only show this page to people who have permission to see it. Maybe what you are looking for can be found at Bitly.com.

Timeline photos 11/05/2021

Timeline photos

Employers: The Social Security wage base is increasing in 2022 - Freese, Peralez and Associates, LLC 11/05/2021

Employers: The Social Security wage base is increasing in 2022 - Freese, Peralez and Associates, LLC

Employers: The Social Security wage base is increasing in 2022: The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren't subject to Social Security tax. Background information The Federal Insurance Contributions Act (F**A) imposes two taxes on employers, employees and self-employed […]
The post Employers: The Social Security wage base is increasing in 2022 appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/2ZTp44y

Employers: The Social Security wage base is increasing in 2022 - Freese, Peralez and Associates, LLC The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren’t subject to Social Security tax. Background information The Federal...

Would you like to establish a Health Savings Account for your small business? - Freese, Peralez and Associates, LLC 11/04/2021

Would you like to establish a Health Savings Account for your small business? - Freese, Peralez and Associates, LLC

Would you like to establish a Health Savings Account for your small business?: With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs. Here are the important […]
The post Would you like to establish a Health Savings Account for your small business? appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3wetsqN

Would you like to establish a Health Savings Account for your small business? - Freese, Peralez and Associates, LLC With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) t...

Timeline photos 11/03/2021

Timeline photos

Bitly | Forbidden | 403 11/03/2021

Bitly | Forbidden | 403

You may owe “nanny tax” even if you don't have a nanny: Have you heard of the “nanny tax?” Even if you don't employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who isn't an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. If you employ a […]
The post You may owe “nanny tax” even if you don't have a nanny appeared first on Freese, Peralez and Associates, LLC.
https://bit.ly/3nQNhAB

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Telephone

Address


1095 Evergreen Circle, Suite #200
The Woodlands, TX
77380

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9:30am - 6pm

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PPL CPA PPL CPA
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Better Bookkeepers, Inc. - The Woodlands Better Bookkeepers, Inc. - The Woodlands
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Helping businesses do what they do best! We take the burden of managing the money off your plate, so you can actually go make the money!

Better Bookkeepers, Inc. - The Woodlands Better Bookkeepers, Inc. - The Woodlands
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Helping businesses do what they do best! We take the burden of managing the money off your plate, so you can actually go make the money!

Dodson & Pope CPA PLLC Dodson & Pope CPA PLLC
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We offer individual and small business tax planning and preparation along with IRS tax resolutions for those in need.

Dodson & Pope CPA PLLC Dodson & Pope CPA PLLC
1095 Evergreen, Suite 200
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We offer individual and small business tax planning and preparation along with IRS tax resolutions for those in need.

Haynie & Company - The Woodlands Haynie & Company - The Woodlands
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