AB Accounting Group

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AB Accounting Group We are a tax-focused CPA firm specializing in pass-through taxation of partnerships, investors, and S-Corp shareholders.

From resolving existing tax issues to building sustainable tax strategies, our work is rooted in facts, documentation, and tax law.

Not all athletic scholarship income is tax-free.Under IRC §117, only scholarship amounts used for qualified tuition, req...
07/06/2026

Not all athletic scholarship income is tax-free.
Under IRC §117, only scholarship amounts used for qualified tuition, required fees, books, supplies, and equipment are excluded from federal taxable income.
Amounts (most times refunded) used for room & board, housing, meal plans, travel, and other personal expenses are generally taxable.
Also remember: state law may differ from federal law. For example, Pennsylvania does not fully conform to the federal treatment of scholarship income, so a scholarship that is partially taxable on the federal return may not be taxable for Pennsylvania personal income tax purposes.
Understanding both the federal and state rules is essential for accurate tax planning and compliance.
Have questions about the taxability of your Athlete’s scholarship or NIL income? Start with an interest call (link in bio)

Got IRS tax debt? IRS threatening to take your wages? Seize your property? Tax debt doesn’t fix itself, but it can be re...
07/03/2026

Got IRS tax debt? IRS threatening to take your wages? Seize your property? Tax debt doesn’t fix itself, but it can be resolved.
We analyze your full IRS situation and give you a clear, actionable plan. No guesswork. Just tax law.
Ready for relief? Reserve an interest call. We’ll help you fix your tax problems and prevent them from happening again.

The IRS generally has 10 years from the date a tax is assessed to collect a tax debt. This is known as the Collection St...
06/23/2026

The IRS generally has 10 years from the date a tax is assessed to collect a tax debt. This is known as the Collection Statute Expiration Date (CSED).
But the clock can be extended by events like bankruptcy, certain appeals, living outside the U.S., or an Offer in Compromise.
And before the debt expires, the IRS may file liens, levy bank accounts, garnish wages, seize assets, and offset tax refunds.
Understanding your expiration date is important, but it’s only one piece of the strategy.
Need help understanding your options? Contact us for a case analysis.

Tax resolution is about understanding the facts, applying the law, and giving clients a path forward. Clear advice is o...
06/18/2026

Tax resolution is about understanding the facts, applying the law, and giving clients a path forward.
Clear advice is one of the best compliments we receive.
If you’re carrying a balance unsure of what to do next, start with a case analysis! Sometimes clarity is the first step toward relief.

06/16/2026

A client came to us with a 5-figure IRS balance related to pass-through income from an S-Corporation.

After reviewing the returns, we identified two issues:

• Depreciation from a large equipment purchase was not properly carried forward from year to year.

• A prior-year loss limited by shareholder basis was never tracked and carried forward as basis increased.

The result? The taxpayer was paying tax on income without receiving deductions they were entitled to claim.

We reconstructed the depreciation schedules, rebuilt shareholder basis, tracked the suspended losses, and corrected the affected returns.

The result was the elimination of a 5-figure tax debt.

Many tax problems are not caused by unreported income. They are caused by deductions, losses, credits, and carryforwards that were never properly tracked.

Before assuming you owe what the IRS says you owe, make sure the tax returns are correct.

If you have an IRS balance due, unfiled returns, or questions about prior-year tax filings, start with a Case Analysis.

We’ll determine:
✔ What returns should be filed
✔ Whether the balance is accurate
✔ What deductions, losses, or credits may have been missed
✔ What resolution options are available

05/18/2026

We believe working with a CPA should feel clear.
So we redesigned our website with that in mind:
• Transparent services
• Straightforward process
• Easy access to get started
Whether you need to resolve tax issues, get organized, or stay compliant year-round—you’ll know exactly what to expect.
📲 Start with an interest call.

Our goal is to carry the weight of compliance, so you can keep your focus on your business!
04/30/2026

Our goal is to carry the weight of compliance, so you can keep your focus on your business!

If the IRS sent you a notice today… would you actually be ready?Or would it sit unopened on your counter while the probl...
04/28/2026

If the IRS sent you a notice today… would you actually be ready?
Or would it sit unopened on your counter while the problem gets worse?
Ignoring an IRS notice doesn’t make it go away.
It turns a small issue into a bigger one.
Penalties grow.
Interest compounds.
And your options start to shrink.

Most notices are fixable… if you handle them early and correctly.
Don’t ignore it. Address it.
📩 If you’ve received a notice (or want to be prepared before you do), send me a message.

04/27/2026

Want to ACCIDENTALLY set off an audit?
🚩File as an S-Corp with no salary, or report owner’s salary on the wrong line.
🚩Don’t report all of your income.
🚩Be overly aggressive with your tax deductions
Audit risk isn’t random. It’s patterns that you don’t even realize you’re creating.
If any of this sounds familiar, it’s time to fix it! Schedule an “interest call” today!

Or maybe social media just knows how to get a reaction. Content you’re seeing right now is built to trigger frustration,...
04/15/2026

Or maybe social media just knows how to get a reaction.
Content you’re seeing right now is built to trigger frustration, not to educate. It blends two completely different tax situations, pulls one extreme example, and presents it like it applies to everyone.
It doesn’t.
Tax strategy isn’t one-size-fits-all. It’s based on your facts, your structure, your income, and what the law actually allows.
So the next time you hear “your CPA won’t tell you” …. Ask yourself “does that even apply to me?”
For real strategy that’s accurate, documented, defensible, and tailored to you… let’s schedule an “interest call” to sort through all the facts together!

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Tampa, FL

Opening Hours

Tuesday 10am - 3pm
Wednesday 10am - 3pm
Thursday 10am - 3pm
Friday 10am - 3pm

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