Welcome and thank you for visiting our website.

Cantrell & Associates is an established Dallas-based CPA firm specializing in accounting, audit, tax and management services.

You Have Questions And We Are Here To Help

Cantrell & Associates are available to assist you as we all endure the challenges brought upon us by COVID-19.

Our Website has up to date information regarding the Pandemic Crisis and how it affects you and your loved ones.  Current Tax and Financial Information is available as it is released.

Follow the links through our Resource Tab.

We are a nation amid times of cultural conflict and diversity regarding where we stand:

      Politically, Religiously, Generationally, Socially and Racially

There is only one thing that is certain.  We are all human beings and need to stand together to find a solution to this pandemic that threatens all of us.  We need more understanding, compassion and the willingness to put personal opinions and choices aside and come together as one.

    “This is the Ultimate Solution without Interest and Penalties”

News

Tax Alerts
Tax Briefing(s)

The American Institute of CPAs in a March 31 letter to House of Representatives voiced its “strong support” for a series of tax administration bills passed in recent days.


The Tax Court ruled that the value claimed on a taxpayer’s return exceeded the value of a conversation easement by 7,694 percent. The taxpayer was a limited liability company, classified as a TEFRA partnership. The Tax Court used the comparable sales method, as backstopped by the price actually paid to acquire the property.


State and local housing credit agencies that allocate low-income housing tax credits and states and other issuers of tax-exempt private activity bonds have been provided with a listing of the proper population figures to be used when calculating the 2025:


The value of assets of a qualified terminable interest property (QTIP) trust includible in a decedent's gross estate was not reduced by the amount of a settlement intended to compensate the decedent for undistributed income.


An individual was not entitled to deduct flowthrough loss from the forfeiture of his S Corporation’s portion of funds seized by the U.S. Marshals Service for public policy reasons. The taxpayer pleaded guilty to charges of bribery, fraud and money laundering. Subsequently, the U.S. Marshals Service seized money from several bank accounts held in the taxpayer’s name or his wholly owned corporation. 


Our Philosophy

Simply stated, the experience of our principals and associates enables the firm to provide its clients with services of the highest quality at cost effective rates.

- Peter Cantrell