Craig W. Smalley, EA

Member Since: Feb 10th 2016
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Craig W. Smalley, MST, EA, has been in practice since 1994. He has been admitted to practice before the IRS as an enrolled agent and has a master's in taxation. He is well-versed in US tax law and US Tax Court cases. He specializes in taxation, entity structuring and restructuring, corporations, partnerships, and individual taxation, as well as representation before the IRS regarding negotiations, audits, and appeals. In his many years of practice, he has been exposed to a variety of businesses and has an excellent knowledge of most industries. He is the CEO and co-founder of CWSEAPA PLLC and Tax Crisis Center LLC; both business have locations in Florida, Delaware, and Nevada. Craig is the current Google small business accounting advisor for the Google Small Business Community. He is a contributor to AccountingWEB and Accounting Today, and has had 12 books published on various topics in taxation. His articles have also been featured in the Chicago Tribune, New York Times, Yahoo Finance, Nasdaq, and several other newspapers, periodicals, and magazines. He has been interviewed and been a featured guest on many radio shows and podcasts. Finally, he is the co-host of Tax Avoidance is Legal, which is a nationally broadcast weekly Internet radio show.
Founder/CEO CWSEAPA PLLC
Dec 4th 2020
A Few Year-End Tax Tips Among COVID
Here are a few tips concerning your business and individual clients to help you get through your year-end tax planning. Businesses With the...
Clients
Aug 5th 2019
What to Know About Cannabis and the R&D Tax Credit
The Research and Development (R&D) Tax Credit remains one of the best opportunities for businesses to substantially reduce their tax...
Business Tax
Jul 31st 2019
How to Help Individual Clients with Tax Planning in 2019
The first of this three-part series generalized the methods I use for tax planning. We discussed the various methodologies employed, as...
Individuals
Jul 30th 2019
The IRS Begins to Crack Down on Cryptocurrency Transactions
By the end of August, more than 10,000 taxpayers will receive these letters. Their names were obtained through various ongoing IRS...
IRS
Jul 24th 2019
How the Taxpayer First Act of 2019 Affects Whistleblowers and Other Groups
In the second part of my guide to the highlights of the Taxpayer First Act of 2019, I'll discuss the seizure and sale of perishable goods...
IRS
Jul 22nd 2019
What Did the Taxpayer First Act of 2019 Change?
On July 1, the President signed the Taxpayer First Act of 2019 (the Act) (P.L. 116-25) into law. It changes the management and oversight of...
IRS
Jul 18th 2019
Simple Tax Planning Tips for Business Owners and Individuals
For most professionals, tax planning is usually done at the end of the year. However, that doesn't mean it should be the first time you've...
Individuals
Jun 20th 2019
Understanding Employee Stock Option Plans
An ESOP is a qualified defined contribution plan that is either a stock bonus plan or a combination stock bonus and money purchase plan...
Individuals
Jun 10th 2019
What are the Tax Rules when a Partnership Interest is Liquidated?
When entering a partnership, partners contribute items such as cash and property. If the latter is contributed, the individual can makes an...
Business Tax
Jun 6th 2019
What Clients Should Know About Opportunity Zone Funds
Judging from all of the clarifications and guidance issued by the IRS in regards to several laws enacted by the TCJA, it is apparent that...
IRS