Rex McInvale, CPA

09/12/2024

02/14/2024

I recently had the opportunity to do a quick interview with Metro Atlanta CEO.

Rex McInvale, Owner of Rex McInvale, CPA, talks about his career as a CPA and what led him to start his own firm.

02/13/2023

Help wanted: Workers with computer skills that are out-of-date in a modern economy.

Some of the tax agency’s IT is so old it can’t find workers who know how to use it.

12/30/2022

The IRS just released a list of new electric vehicles that are potentially 🤔 eligible for the newly expanded "clean vehicle" credit. This is just a starting point as the vehicle's price, components, and assembly location could disqualify it. There is a VIN number lookup linked here as well if you are close to a deal on one of these vehicles. This list will be updated, as some brands have not yet provided a list of vehicles.

As I've mentioned before, if you are interested in taking advantage of this, let's talk more. This is a big credit item (up to $7,500), but the guidance here is both complex and evolving.

List of vehicles that are eligible for a 30D clean vehicle tax credit and the amount of the qualifying credit, if purchased between 2023 and 2032.

12/24/2022

https://www.wsj.com/articles/irs-delays-gig-tax-filing-rule-for-side-hustles-of-more-than-600-11671815725?st=m3tab1z9p2u1m5r&reflink=desktopwebshare_permalink

The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users of e-commerce platforms such as eBay, Etsy and Airbnb.

12/09/2022

https://www.wsj.com/articles/big-tax-breaks-for-2022-to-do-now-11669240141?st=8g6vcgl32o98bjh&reflink=desktopwebshare_permalink

From the timing of charitable donations to the unloading of money-losing investments, there’s still plenty you can do to reduce your taxes for this year. Here are key factors to consider before it’s too late.

12/02/2022

Get your out of office email replies set up......

A freighter spill launched an armada of the high-end coolers now drifting to Alaska and as far as Hawaii. Beachcombers are cashing in: “We wanted to keep it quiet, but we told a few people and word got out.”

10/25/2022

As the October filing deadline came and went, several clients said that they wanted to get more organized. I wrote an article about how to do that with minimal effort. It's a long read, so I put it on my website. Here's the link....

Get started with a free consultation!

10/19/2022

https://www.wsj.com/articles/inflation-causes-irs-to-raise-tax-brackets-standard-deduction-by-7-11666116021

To reflect higher inflation, the agency implemented adjustments to key tax code parameters for 2023 such as the standard deduction and the income thresholds where tax rates take effect.