EscortCPA

Safe, Savvy, Discrete Tax and Financial Planning Services for individuals in the Adult Art and Entertainment Industry.

[EscortCPA @EscortCpa]

@REIMakayla if you sell your rental all the depreciation is taxed. Example: claimed $20k of depreciation when your tax rate was 15%. Saving $3k. 5 yrs later you sell the property and your tax rate is now 25%. So you pay $5k in tax. Lost $2k

[EscortCPA @EscortCpa]

When is it better to owe the IRS money than to have the IRS owe you money? When you die. The IRS is currently averaging 444 days to process refunds for people who die.

[EscortCPA @EscortCpa]

Having moderate wealth in America may put you on a govt watch list. As of 3/1/2026 buying residential real estate through an llc without a mortgage must be reported to US Financial Crimes Enforcement Network. https://t.co/muG2yXvgRD

[EscortCPA @EscortCpa]

If you prepare your own tax return read this. https://t.co/wlXLoC3m1E

[EscortCPA @EscortCpa]

Are you saving receipts for every business expense? A lot of vendors no longer issue receipts at point of sale--a bank debit on your bank statement IS NOT AN ACCEPTABLE RECEIPT for IRS purposes. Tax Court cases continue to demonstrate-no receipt no deduction.

[EscortCPA @EscortCpa]

Filing an extension for your 2025 taxes? Bad idea. First, you have to pay all taxes due with the extension or pay interest on the unpaid amount. Second, it gives the IRS more time to audit you.

[EscortCPA @EscortCpa]

If you buy or sell crypto you should read this carefully. Life is going to get much harder. If you cant comply might best get out! https://t.co/rIS3yL4mwm

[EscortCPA @EscortCpa]

They are even watching you read this: https://t.co/5ELEioovLc

[EscortCPA @EscortCpa]

Big brother is watching has a whole new meaning. https://t.co/Ei3ehYarzj

[EscortCPA @EscortCpa]

An industry led option to OnlyFans. Check it out! https://t.co/nmHyO8RAME

[EscortCPA @EscortCpa]

If you get a notice from a govt agency. Act on it. If not sure how reach out to me. Your right to appeal has a time limit. Ignoring noticed only makes it worse!

[EscortCPA @EscortCpa]

@fairygoddesss Since covid closed the office we have expanded our clientbase worldwide. We connect with clients over the internet. We are not licensed in WI or IL. However any CPA in any state may represent clients b4 IRS or any state tax authority.

[EscortCPA @EscortCpa]

Basically the IRS does not want wealthy people to give away their wealth and avoid estate tax--so they limit the amount people can give away each year. Gift tax has NOTHING to do with income tax, and is not a concern for the recipient of any gifts, ever.

[EscortCPA @EscortCpa]

Gift tax exemption - Doesn't mean you can "earn" money tax free. It is never claimed by the recipient of any "gift". It is the amount of money that a donor can give away to one person every year and not have the gift clawed back into the donors estate for estate tax purposes.

[EscortCPA @EscortCpa]

Cash deposits or withdrawals as small as $200 can now land you on govt surveillance list. https://t.co/TC1IoC1UXs

[EscortCPA @EscortCpa]

Best primer on Crypto and Taxes I've seen in a long time. https://t.co/4tbfRn9AT5

[EscortCPA @EscortCpa]

If you own a LLC or a Corporation or are in a partnership you probably have to register the entity under a new Treasury rule. Reach out if you have questions or need help. https://t.co/OW2FWEv39T

[EscortCPA @EscortCpa]

Definitely good advice. Dont wait. Knowledge is power! https://t.co/BBGPhvPnlG

[EscortCPA @EscortCpa]

Have you recently reviewed your automatic credit
Card or bank payments? Millions are getting overcharged for products they no longer use or want. Its convenient but dangerous to your financial health!

[EscortCPA @EscortCpa]

Good advice
For those engaging in crypto transactions.

https://t.co/GXXakq34Kc