Hi and welcome to the CPA Nerds Accountant Blog! We have all sorts of interesting and quirky things to say about Accounting, Managing your Money, Being CPAs, our wonderful state of Michigan and life as accountants.

Check out our blog posts below to learn more about CPA Nerds, Innes and Lotito, and the wonderful world of Michigan Accounting.

Have You Had a Bad Day?

Do you feel alone and abandoned? Download and view this slideshow, it’s a guaranteed pick-me-up!

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1099-C: What Is It and What If I Receive One?

Since life isn’t always simple, it follows that tax forms aren’t either. A complicated one to look at is the 1099-C, but that’s exactly what we’re doing in our current blog. What is it? What if I receive one? Let’s have a look, shall we?

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529 or ESA? Choosing a College Savings Vehicle

College education is oftentimes something that parents worry about as their children grow older. Most feel that they should be saving already, but haven’t because they are not sure where to put those saved funds. In this article we compare the different vehicles of college savings.

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The Basics of Roth IRA Distributions

Learn about Roth IRA distributions and how your contributions to a Roth IRA can be tax free. Generally, Roth IRA distributions of earnings are not taxable if made no sooner than five years from the first day of the first tax year for which a regular contribution was made and such distributions qualify within one of four different conditions.

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Property Sales Taxes and the Installment Method

Defer a portion of the income tax due on a gain from the sale of property with the installment method. Under the installment method, a portion of each payment is recognized as gain to the seller when received. Significant tax deferral can be achieved using this method, but there are several restrictions and limitations.

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