{"id":56048,"date":"2018-10-09t05:42:25","date_gmt":"2018-10-09t09:42:25","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=56048"},"modified":"2018-10-31t14:18:15","modified_gmt":"2018-10-31t18:18:15","slug":"what-clients-want-to-know-about-basis","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/","title":{"rendered":"basis: turning a common client question into new business"},"content":{"rendered":"<p><strong>how a simple conversation opens the door to a host of new opportunity.<\/strong><\/p>\n<p><em>by barry j. friedman, cpa<\/em><br \/>\n<em><a href=\"https:\/\/industrynewsletters.com\/partnerships-opportunities\/cpa-firm-digital-marketing-platform-cpatrref\/\">industrynewsletters<\/a><\/em><\/p>\n<p style=\"background: white; margin: 0in 0in 7.5pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'arial',sans-serif; color: #333333;\">basis seems like a simple concept, but as with so many tax issues, it can become complicated quickly. this is especially true after recent tax reform.<\/span><\/p>\n<blockquote><p><strong>more hot-button topics for clients:<\/strong>\u00a0<a href=\"\/\/www.g005e.com\/2018\/09\/11\/supreme-courts-wayfair-ruling-on-sales-tax-sows-more-confusion\/\">supreme court&#8217;s wayfair ruling on sales tax sows more confusion<\/a>\u00a0 |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/09\/18\/passwords-making-them-hard-to-crack\/\">making passwords hack-proof<\/a>\u00a0 |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/02\/check-your-clients-withholding-now\/\">check your clients&#8217; withholding now<\/a>\u00a0 |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/02\/what-clients-need-to-know-about-bitcoin\/\">what clients need to know about bitcoin<\/a><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"https:\/\/4f2bur4nuye2cgakm2rm61qk-wpengine.netdna-ssl.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #c9990a;\">exclusively for pro members.\u00a0<\/span><\/strong><span style=\"color: #c9990a;\"><a style=\"color: #c9990a;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/\">log in here<\/a>\u00a0or\u00a0<a class=\"external\" style=\"color: #c9990a;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>first, let&#8217;s start with what &#8220;basis&#8221; means. clients\u00a0need to understand that basis is usually what you paid for an asset.\u00a0according to the irs, a capital gain or loss is the difference between your basis and the amount you get when you sell an asset. so, if you sell an asset that is worth more than you paid for it, you will have to pay taxes on the gain.<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/#more-56048\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2018%2f10%2f09%2fwhat-clients-want-to-know-about-basis%2f&amp;t=basis%3a+turning+a+common+client+question+into+new+business'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2018%2f10%2f09%2fwhat-clients-want-to-know-about-basis%2f&amp;title=basis%3a+turning+a+common+client+question+into+new+business&amp;summary=how+a+simple+conversation+opens+the+door+to+a+host+of+new+opportunity.%0d%0a%0d%0aby+barry+j.+friedman%2c+cpa%0d%0aindustrynewsletters%0d%0abasis+seems+like+a+simple+concept%2c+but+as+with+so+many+tax+issues%2c+it+can+become+complicated+quickly.+this+is+especially+true+after+recent+tax+reform.%0d%0a%0d%0amore+hot-button+topics+for+clients%3a%c2%a0supreme'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2018%2f10%2f09%2fwhat-clients-want-to-know-about-basis%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20basis:%20turning%20a%20common%20client%20question%20into%20new%20business&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/\" title=\"email this: basis: turning a common client question into new business \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><strong>how a simple conversation opens the door to a host of new opportunity.<\/strong><\/p>\n<p><em>by barry j. friedman, cpa<\/em><br \/>\n<em><a href=\"https:\/\/industrynewsletters.com\/partnerships-opportunities\/cpa-firm-digital-marketing-platform-cpatrref\/\">industrynewsletters<\/a><\/em><\/p>\n<p style=\"background: white; margin: 0in 0in 7.5pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'arial',sans-serif; color: #333333;\">basis seems like a simple concept, but as with so many tax issues, it can become complicated quickly. this is especially true after recent tax reform.<\/span><\/p>\n<blockquote>\n<p><strong>more hot-button topics for clients:<\/strong>\u00a0<a href=\"\/\/www.g005e.com\/2018\/09\/11\/supreme-courts-wayfair-ruling-on-sales-tax-sows-more-confusion\/\">supreme court&#8217;s wayfair ruling on sales tax sows more confusion<\/a>\u00a0 |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/09\/18\/passwords-making-them-hard-to-crack\/\">making passwords hack-proof<\/a>\u00a0 |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/02\/check-your-clients-withholding-now\/\">check your clients&#8217; withholding now<\/a>\u00a0 |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/02\/what-clients-need-to-know-about-bitcoin\/\">what clients need to know about bitcoin<\/a><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"https:\/\/4f2bur4nuye2cgakm2rm61qk-wpengine.netdna-ssl.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #c9990a;\">exclusively for pro members.\u00a0<\/span><\/strong><span style=\"color: #c9990a;\"><a style=\"color: #c9990a;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/\">log in here<\/a>\u00a0or\u00a0<a class=\"external\" style=\"color: #c9990a;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p>\n<\/blockquote>\n<p>first, let&#8217;s start with what &#8220;basis&#8221; means. clients\u00a0need to understand that basis is usually what you paid for an asset.\u00a0according to the irs, a capital gain or loss is the difference between your basis and the amount you get when you sell an asset. so, if you sell an asset that is worth more than you paid for it, you will have to pay taxes on the gain.<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/#more-56048\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2018%2f10%2f09%2fwhat-clients-want-to-know-about-basis%2f&amp;t=basis%3a+turning+a+common+client+question+into+new+business'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2018%2f10%2f09%2fwhat-clients-want-to-know-about-basis%2f&amp;title=basis%3a+turning+a+common+client+question+into+new+business&amp;summary=how+a+simple+conversation+opens+the+door+to+a+host+of+new+opportunity.%0d%0a%0d%0aby+barry+j.+friedman%2c+cpa%0d%0aindustrynewsletters%0d%0abasis+seems+like+a+simple+concept%2c+but+as+with+so+many+tax+issues%2c+it+can+become+complicated+quickly.+this+is+especially+true+after+recent+tax+reform.%0d%0a%0d%0amore+hot-button+topics+for+clients%3a%c2%a0supreme'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2018%2f10%2f09%2fwhat-clients-want-to-know-about-basis%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li>\n<li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20basis:%20turning%20a%20common%20client%20question%20into%20new%20business&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\n\n\n\n%20%20\/\/www.g005e.com\/2018\/10\/09\/what-clients-want-to-know-about-basis\/\" title=\"email this: basis: turning a common client question into new business \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li>\n<\/ul>\n<div class=\"clean\"><\/div>\n<\/p>\n<\/div>\n","protected":false},"author":2980,"featured_media":56041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,1906],"tags":[],"class_list":["post-56048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pro-member-exclusive","category-tax-practice","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v22.6 - 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