Jeremy Wells, EA, CPA

Jeremy Wells, EA, CPA Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Jeremy Wells, EA, CPA, Tax preparation service, 99 King Street Unit 592, Saint Augustine, FL.

🏠 CE/CPE on §1031 🏢This course provides tax professionals with essential knowledge of IRC §1031 like-kind exchanges:✅ Qu...
06/05/2026

🏠 CE/CPE on §1031 🏢

This course provides tax professionals with essential knowledge of IRC §1031 like-kind exchanges:

✅ Qualification requirements
⏳ Timing rules
📋 Reporting obligations

The discussion covers deferred exchange procedures, disqualified person restrictions, Form 8824 reporting requirements, critical tax planning strategies, and compliance issues while exploring court cases illustrating investment intent determination.

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06/03/2026

💡 Can your business pay for education—yours or your employees’—and deduct it?

In a knowledge economy, investing in skills makes sense. But when it comes to taxes, how you do it matters just as much as why you do it.

I explain why self-employed people and small business owners need to tread carefully when using their business to fund education expenses for themselves or their team.

Price is only part of the story.When choosing a tax professional, don’t stop at “how much?”Also ask: “What am I getting?...
06/03/2026

Price is only part of the story.

When choosing a tax professional, don’t stop at “how much?”
Also ask: “What am I getting?”

A lower price might mean less service. A higher price might include advisory, planning, audit support, and communication that pays for itself.

I said it in a recent Bankrate article, and I’ll say it again here:

➡️ “It’s important for taxpayers to ask not just ‘how much,’ but also ‘what am I getting’ when evaluating the cost of tax services.”

Value isn’t just in dollars. It’s in outcomes, expertise, and peace of mind.

🔗 https://www.bankrate.com/taxes/cpa-ea-accountant-which-tax-pro-is-best-for-you/

📱 Tax-Free Employee Benefits Part 2: Company Vehicles, Cell Phones, and Office Snacks 🍿From company vehicle mileage trac...
06/02/2026

📱 Tax-Free Employee Benefits Part 2: Company Vehicles, Cell Phones, and Office Snacks 🍿

From company vehicle mileage tracking and employer-provided cell phones to why office snacks are excludable but gift cards never are, this course clarifies which everyday workplace benefits can legally avoid taxation.

Jeremy emphasizes the critical importance of documentation and explains the strict substantiation requirements that apply to many of these benefits.

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The R&D tax credit isn't just for tech giants and pharmaceutical companies? Many small businesses are leaving money on t...
06/01/2026

The R&D tax credit isn't just for tech giants and pharmaceutical companies? Many small businesses are leaving money on the table by not exploring this valuable tax benefit.

In the latest episode of Tax in Action, I break down IRC §41, aka the research & development tax credit. I explain:
🔬 What qualifies as "research" for tax purposes
📋 The four-part test activities must meet to qualify
🧮 The calculation methods and potential payroll tax offset for startups
💼 How service-based businesses might qualify more often than you think

Understanding this credit could mean substantial tax savings for your business or your clients' businesses. Even if you've been told you don't qualify in the past, certain activities involving technological innovation, computer science, or engineering processes might make you eligible.

🎧 Listen here: https://tax.show/2

🚩 Tracking your P&L isn’t enough!Too many founders🚀 Launch fast📈 Scale fast🤝 Sell fast…but ignore their financial and le...
06/01/2026

🚩 Tracking your P&L isn’t enough!

Too many founders
🚀 Launch fast
📈 Scale fast
🤝 Sell fast

…but ignore their financial and legal infrastructure.

In this interview, I shared
🗓️ Why cleaning up 2 years of financials in 2 weeks before a deal is the worst way to run your business.
📑 Why your balance sheet matters more than your P&L when it’s time to get funding, add partners, or negotiate credit.
🛡️ Why you need your legal entity, bookkeeping, and cash systems in place early—not as a luxury, but as protective scaffolding.

You can’t build a stable business on a shaky foundation.
You can’t make strategic decisions with unclear numbers.
You can’t outsource all financial responsibility just because it’s “not fun.”

Investors, lenders, and your future self will thank you for taking your finances seriously.

💡 If you’re a founder: What’s been your biggest challenge in getting your financial systems in place?

📽️ Watch here: https://www.youtube.com/watch?v=StWoFQqR8-I

Understanding the refund statute of limitations can mean the difference between claiming a refund and losing that money ...
05/31/2026

Understanding the refund statute of limitations can mean the difference between claiming a refund and losing that money forever. 💸

This course breaks down the complex rules around when taxpayers can file refund claims and how much they can recover, using the recent Hamilton v. US court case as a cautionary tale.

I cover the following:
📆 Critical statute of limitations rules that govern late-filed and amended tax returns.
🗺️ Navigating potential outcomes and understanding what options remain for clients facing tax difficulties.
🧠 Planning ahead to maximize the window of time taxpayers have to file returns and claim refunds of payments, deposits, and credits.

You can now earn CPE for my course, "The Refund Statute of Limitations: When Time Runs Out" on Earmark.

✍🏻 Register for free: https://earmark.app/c/2606

🔔 CE available! 🔔In this course, I conclude a three-part series on losses by examining IRC §1033, the tax code's provisi...
05/30/2026

🔔 CE available! 🔔

In this course, I conclude a three-part series on losses by examining IRC §1033, the tax code's provision for what happens after you replace property lost to casualty, theft, or government condemnation.

I break down the "similar use" requirements, the two to four year replacement periods depending on property type, and how basis carries over to help clients avoid unexpected tax bills when bad things force them to start over.

Equip yourself with essential knowledge for advising clients through property conversions. And earn CE credit!

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🚨 Ever had a client ask, “Can I write this off?” …because of something they saw on social media?I went on the Accounting...
05/30/2026

🚨 Ever had a client ask, “Can I write this off?” …because of something they saw on social media?

I went on the Accounting Podcast to discuss the rise of tax misinformation and how we as tax and accounting professionals can respond without losing our minds (or our clients).

In this episode, we discussed
🧐 Why “questionable” tax deductions are everywhere right now
⚖️ How to weigh the risk vs. reward of aggressive positions
🔎 Why nuance matters more than ever in client conversations
🥸 How to deal with clients who bring in advice from influencers, not professionals

🎧 Listen here: https://accounting.show/303

05/29/2026

IRC § 61(a)(1) includes "fringe benefits" with fees and commissions as part of gross income. That means if your company gives you something of value—whether it's discounted products, free services, or other perks—it could be taxable compensation.

But here's where it gets interesting: not all benefits are created equal in the eyes of tax law. Section 132 carves out specific exceptions for certain fringe benefits that can be tax-free if you follow the rules:

• No-additional-cost services (think airline employees flying standby)
• Qualified employee discounts (with specific limits)
• Working condition fringe benefits
• De minimis fringe benefits
• And several others

Over a few episodes, I break down each of these exceptions, including what qualifies, what doesn't, and how to structure these benefits properly. This is separate from the big-ticket items like health insurance and retirement plans, which each deserve their own deep dive.

The key takeaway? Before you assume that an employee perk is tax-free, check if there's a specific exception that applies. Otherwise, you might find yourself with an unexpected tax bill.

What workplace benefits have you wondered about from a tax perspective? Drop a comment, and I might cover it in an upcoming episode!

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99 King Street Unit 592
Saint Augustine, FL
32085

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