Keystone CPAs

Keystone CPAs Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Keystone CPAs, Accountant, 401 Ryland Street, Reno, NV.

Keystone CPAs is your strategic financial partner- offering expert tax planning, accounting, wealth advisory, and business brokerage services to help you grow, thrive, and transition your business with clarity and confidence.

📊 A positive partnership adjustment doesn’t always mean more tax. When the IRS makes an adjustment during a partnership ...
09/29/2026

📊 A positive partnership adjustment doesn’t always mean more tax.

When the IRS makes an adjustment during a partnership audit, it’s easy to assume that a positive adjustment automatically means the partnership has additional taxable income. But that isn’t necessarily the case.

Some adjustments can involve balance-sheet items, liabilities, allocations, or other non-income items. These adjustments may affect the partnership in important ways without necessarily creating additional federal income tax.

In our latest blog, we're breaking down the difference between a partnership adjustment and its actual tax impact—and why it’s important to follow an adjustment all the way through before assuming it results in additional tax. 💡

⬇️ Click the link below to learn more:

đź”— https://loom.ly/HKtxf0g

If someone offered to buy your business tomorrow, would you be ready to sell? đź’¸Knowing what your business is worth is im...
09/24/2026

If someone offered to buy your business tomorrow, would you be ready to sell? đź’¸

Knowing what your business is worth is important—but it’s only part of the picture. Taxes, debt, transaction costs, your business’s ability to operate without you, and your personal financial goals can all play a role in what a successful exit actually looks like.

The good news? You don't have to be selling anytime soon to start preparing. Building business value today can give you more options—and more choices—when the time comes.

🔑 The goal isn't necessarily to be ready to sell. It's to be prepared once you are ready.

👉 Click the link below to read the full blog and learn what business owners can do now to prepare for the future.
đź”—đź“š https://loom.ly/9wQodLo

đź’¸ Facing an IRS partnership audit? The first tax amount the IRS calculates may not be the final amount you owe.Under the...
09/22/2026

đź’¸ Facing an IRS partnership audit? The first tax amount the IRS calculates may not be the final amount you owe.

Under the Bipartisan Budget Act (BBA), the IRS starts with a standard calculation based on the partnership’s audit adjustments. But that number may change once the IRS considers more details about the partnership and its partners.

The BBA modification process gives partnerships an opportunity to provide additional information that could reduce or change the amount of tax owed. Things like tax-exempt partners, different types of income, and taxes already paid by individual partners can all affect the final calculation.

📚 Read our latest article to learn how the BBA modification process works, what information matters, and why the first number from the IRS may not be the final number. ⬇️

đź”— https://loom.ly/MYlXGqE

Investing in Bitcoin doesn’t have to be an all-or-nothing decision. For some investors, the right allocation may be 0%—f...
09/18/2026

Investing in Bitcoin doesn’t have to be an all-or-nothing decision. For some investors, the right allocation may be 0%—for others, it could be 1%, 3%, or 5% depending on their goals, risk tolerance, and overall financial plan. 📊💸

Bitcoin’s limited supply and growing accessibility may support its long-term opportunity, but significant risks remain, including sharp volatility and the fact that it doesn’t produce earnings or pay dividends. The key is thoughtful planning—not headlines or fear of missing out.

Click the link below to learn more about evaluating Bitcoin as part of a diversified portfolio: ⬇️

💡🔗: https://loom.ly/8P0lukA

Today, September 15, is the extended filing deadline for calendar-year partnership tax returns. Form 1065 includes its o...
09/15/2026

Today, September 15, is the extended filing deadline for calendar-year partnership tax returns. Form 1065 includes its own consequential yes-or-no question:

“Is the partnership electing out of the centralized partnership audit regime?”

Of all the questions buried in Schedule B, Question 33 is one you do not want to overlook.

If an eligible partnership checks “Yes,” completes Schedule B-2 and timely files its return, it may elect out of the Bipartisan Budget Act’s centralized partnership audit regime.

Check “No”—or fail to make a valid election on a timely filed return—and the partnership generally remains subject to the BBA audit rules outlined in IRS Publication 5388. Under those rules, an IRS examination may result in the partnership itself paying an imputed underpayment, rather than having each partner resolve the adjustment individually.

Not every partnership qualifies. But if yours does, make sure the return is timely filed, Question 33 is marked “Yes,” and Schedule B-2 is completed.

Some boxes are too important to leave unchecked.

Is AI hallucinating—or did the human make it hallucinate? 🤔Artificial intelligence is becoming increasingly relevant in ...
09/15/2026

Is AI hallucinating—or did the human make it hallucinate? 🤔

Artificial intelligence is becoming increasingly relevant in business, especially for tax professionals and accountants. But even when an AI response sounds polished and authoritative, that doesn’t make it accurate. Incomplete facts, misunderstood details, or poorly framed questions can all lead to unreliable answers. That’s why AI should never be treated as the authority—particularly when tax and financial decisions are involved.

Always ask: What is the authority? Reliable answers should trace back to statutes, regulations, court decisions, or formal IRS guidance—not simply AI, articles, or commentary. 📚

The bottom line: responsible AI use requires accurate inputs, thoughtful questions, and careful verification before relying on an answer.

💡 Want to learn more? Click the link below to read our latest blog: ⬇️
đź”—: https://loom.ly/1g2wqKQ

💭 What if “doing fine” is actually your biggest financial risk?When your investments are performing, your business is do...
09/11/2026

💭 What if “doing fine” is actually your biggest financial risk?

When your investments are performing, your business is doing well, and your financial plan seems to be working, it’s easy to assume everything is under control. But markets shift, interest rates change, businesses face new challenges, and unexpected circumstances can quickly change the picture.

Good financial planning isn’t just about where you are today—it’s about making sure you’re prepared for where you could be tomorrow.

Our latest blog explores why taking a fresh look at your investments, taxes, retirement, estate planning, and overall financial strategy can help uncover opportunities and risks hiding in plain sight.

👉 Click the link below to read more and ask yourself: Are you truly well positioned, or have things simply been working?

đź”— https://loom.ly/9wM_rjQ

🏡 Buying an investment property before the year's end? Closing before December 31 doesn't necessarily mean you can start...
09/08/2026

🏡 Buying an investment property before the year's end? Closing before December 31 doesn't necessarily mean you can start depreciating the property throughout the year.

For tax purposes, the placed-in-service date can matter just as much as the closing date—especially when renovations, repairs, or other work is needed before the property is ready and available for rent.

Our latest blog breaks down what real estate investors should know about depreciation, bonus depreciation, cost segregation, short-term rentals, and year-end tax planning before making a purchase.

👉 Click the link below to learn more and see what may impact your year-end real estate tax strategy.

đź”— https://loom.ly/8deoSYQ

Is your business cash working as hard as you are? Having cash on hand is important—it provides flexibility, liquidity, a...
09/04/2026

Is your business cash working as hard as you are?

Having cash on hand is important—it provides flexibility, liquidity, and peace of mind. But for many successful businesses, excess cash may be sitting in checking or low-yield accounts when it could be doing more. 💸💰

For any portion of cash you don’t need immediately, a business brokerage account may offer a way to keep funds accessible while potentially earning more than a traditional bank account.

Better financial planning doesn’t always require a big change. Sometimes, it starts with making the money you already have work a little harder. If you’re unsure whether your business is holding too much cash, contact Keystone CPAs and we'll take a look together! 🤝

💡🔗 Learn more: https://loom.ly/JojytGc

Received an IRS notice? Don’t panic—but don’t ignore it. ⚠️📬Not every notice means you’re being audited, or that the amo...
09/01/2026

Received an IRS notice? Don’t panic—but don’t ignore it. ⚠️📬

Not every notice means you’re being audited, or that the amount shown is automatically correct. An IRS notice may propose a change, notify you of an assessment, or seek collection of an existing balance. Each situation involves different deadlines, procedures, and response strategies.

Before paying or responding, identify the tax year, issue, status of the adjustment, applicable deadline, and evidence supporting your position. Acting early can help preserve your rights and keep more options available. đź“ťâś…

Keystone CPAs assists taxpayers with IRS notices, examinations, appeals, penalty matters, collection issues, and other federal tax controversies. If you’re unsure what your notice means, contact us for guidance before taking action.

đź”—đź“š Click the link to learn more: https://loom.ly/GDqluw0

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401 Ryland Street
Reno, NV
89502

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Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
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