Red Alder Accountants

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United States
Tucson, AZ
Red Alder Accountants

(Formerly David Oase, CPA)

Helping you feel confident with your finances—one conversation, one decision, and one goal at a time.
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We're here whenever you need us, in every step of the way.

08/04/2026

Something new is on the horizon...

Behind the scenes, we've been putting the finishing touches on a website designed to better serve our clients—with a cleaner experience, helpful resources, and an easier way to connect with the Red Alder team.

We can't wait to share it with you. Stay tuned... it's almost time.🌰

08/01/2026

𝗛𝗶𝗱𝗱𝗲𝗻 𝗕𝗮𝗰𝗸 𝘁𝗼 𝗦𝗰𝗵𝗼𝗼𝗹 𝗧𝗮𝘅 𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀 (𝘗𝘭𝘶𝘴 𝘕𝘦𝘸 𝘔𝘪𝘭𝘦𝘢𝘨𝘦 𝘙𝘢𝘵𝘦𝘴!)

Summer is coming to a close next month and the back-to-school advertising blitz is underway. Hidden in some of those school expenses are tax deductions you can take advantage of. Here are some ways you can save:

1. Watch for tax deductions on the supply list. Schools often send a list of requested supplies for the school year. Some of the items on the list are clearly for personal use (such as an eraser or a ruler) while other items on the list are often for school use and classroom use (such as 24 pencils or paper towels). Keep track of these non-cash classroom/school donations for possible charitable deductions. Or even better, donate cash.

2. Donate funds versus taking the raffle ticket. Raffles, subscription drives and silent auctions are fun ways schools raise money. To maximize your ability to deduct your donations, forgo the possible prize. Then the entire donation is clearly deductible. Remember to ask for a receipt when making the donation.

3. Don't forget your out-of-pocket expenses for your volunteer activities. Perhaps you donate your time at school functions, donate books to the school library, or help assist the teaching staff. Your out-of-pocket expenses and mileage should be tracked for charitable deduction purposes.

4. Teachers, save your out-of-pocket expenses. A recent survey found that 94 percent of teachers spend their own money on classroom supplies — some as much as $1,000 per school year. On your 2026 tax return, teachers are allowed to deduct $350 on their tax return even if they claim the standard deduction. If you're married, you can deduct up to $700 of classroom supplies. Plus any excess can be taken as an itemized deduction which makes sense if you hit the itemized deduction threshold.

5. Use checks, not cash. If you usually provide donations to the school in the form of cash (like providing additional money to help other kids go on field trips) make those donations in the form of...Read more: https://tips.resourcesforclients.com/EcgyfLzfgSUz

07/27/2026

𝗔 𝗚𝗶𝗳𝘁 𝗼𝗳 𝗦𝘁𝗼𝗰𝗸 - 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗸𝗲𝘆 𝘄𝗵𝗲𝗻 𝘂𝘀𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘁𝗮𝘅 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆

You own some stock that has increased in value. To avoid a possible taxable gain by selling the stock, you wish to give it directly to a child or grandchild. This simple idea has some interesting tax consequences to consider.

𝗩𝗮𝗹𝘂𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗚𝗶𝗳𝘁

When you gift stock there are not one, but two values to consider.

Gift value. This is the market value of the stock at the time of your gift. Since there is a possible gift tax to you if the value of all gifts given by you to a person during the year is $19,000 or over ($38,000 for a married couple) you will need to calculate this value prior to finalizing your decision to provide the gift.
Value (basis) of the stock. You need to determine the cost to you when you originally purchased the shares. This includes any brokerage or other fees. Provide the date(s) you purchased the stock and these costs to the person who will be receiving the gift.

𝗣𝗿𝗼𝘃𝗶𝗱𝗲 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻

Basis is key. Those receiving your direct gift of stock are not required to sell it. But when they do, they will need to know:

The original cost of the stock and when it was purchased.
The date and fair market value of the stock when it was given.
If the giver paid any gift tax.

Timing is important. If the recipient of your gift sells the stock right away, the tax rate applied will depend on the length of time the stocks were owned by you. A gain on a stock held one year or less is considered ordinary income. More than one year is a long-term capital gain. The time-frame of this calculation usually goes all the way back to your purchase records.

𝗧𝗵𝗲 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀

No taxes. Gifts of stock allow you to avoid paying capital gains tax on the ownership transfer. As long as annual gift amounts to one person are less than $19,000 ($38,000 for a married couple) there is no tax consequence.

Lower taxes. In addition, the future sale of the stock could result in lower taxes. This is because long-term capital...Read more: https://tips.resourcesforclients.com/EcgyfLzfgSUz/7350

07/22/2026

𝗜𝗥𝗦 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗠𝗶𝗹𝗲𝗮𝗴𝗲 𝗥𝗮𝘁𝗲𝘀

The IRS has announced updated standard mileage rates that take effect July 1, 2026, reflecting recent increases in fuel prices. These revised rates affect taxpayers who use their personal vehicles for business, medical, or qualified moving purposes and rely on the standard mileage method to calculate deductible transportation expenses.

𝗨𝗽𝗱𝗮𝘁𝗲𝗱 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗠𝗶𝗹𝗲𝗮𝗴𝗲 𝗥𝗮𝘁𝗲𝘀

Beginning July 1, 2026, the new IRS standard mileage rates are:

𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀: 76 cents per mile
𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗾𝘂𝗮𝗹𝗶𝗳𝗶𝗲𝗱 𝗺𝗼𝘃𝗶𝗻𝗴: 23.5 cents per mile
𝗖𝗵𝗮𝗿𝗶𝘁𝗮𝗯𝗹𝗲 𝘀𝗲𝗿𝘃𝗶𝗰𝗲: 14 cents per mile (unchanged, as this rate is set by law)

These updated rates apply only to transportation expenses incurred on or after July 1, 2026. For employee reimbursements, the revised rates also apply only if both the reimbursement and the related travel occur on or after that date.

𝗪𝗵𝗮𝘁 𝗔𝗯𝗼𝘂𝘁 𝗧𝗿𝗮𝘃𝗲𝗹 𝗕𝗲𝗳𝗼𝗿𝗲 𝗝𝘂𝗹𝘆 𝟭?

If your deductible travel or employee mileage reimbursement occurred before July 1, 2026, you should continue using the mileage rates provided in Notice 2026-10. The IRS clarified that only the mileage rates have changed—all other provisions of the previous guidance remain in effect.

𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀

For business owners, self-employed professionals, and employers who reimburse employee travel, using the correct mileage rate is essential for accurate bookkeeping, tax reporting, and expense reimbursement. Applying the appropriate rate based on the travel date helps ensure compliance with IRS guidelines while maximizing allowable deductions.

If you regularly claim mileage or reimburse employees for business travel, now is a good time to update your accounting software, expense policies, and reimbursement procedures to reflect the new rates.

As always, keeping accurate mileage logs and supporting documentation remains one of the best ways to substantiate deductible vehicle expenses and avoid issues during tax season.

07/18/2026

𝗖𝗵𝗮𝗱 𝗮𝘁 𝘁𝗵𝗲 𝗿𝗲𝗰𝗲𝗻𝘁 𝗟𝗲𝗴𝗮𝗹 𝗧𝗮𝗹𝗸 𝗶𝗻 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘄𝗶𝘁𝗵 𝗔𝗭 𝗖𝗼𝘂𝗿𝘁 𝗛𝗲𝗹𝗽

Last Wednesday, July 15th, AZ Court Help explored the facts behind today's most talked-about viral tax strategies, discussed common misconceptions, and shared practical insights to help taxpayers make more informed financial decisions via Zoom webinar.

We are proud to have Chad Denson of 𝗥𝗲𝗱 𝗔𝗹𝗱𝗲𝗿 (𝘧𝘰𝘳𝘮𝘦𝘳𝘭𝘺 𝘋𝘢𝘷𝘪𝘥 𝘖𝘢𝘴𝘦, 𝘊𝘗𝘈) for leading an engaging and informative discussion. It was a great time and opportunity to support the community through education and meaningful conversations.

www.tucsoncpa.com

07/13/2026

𝗔 𝗻𝗲𝘄 𝗻𝗮𝗺𝗲. 𝗧𝗵𝗲 𝘀𝗮𝗺𝗲 𝗽𝗲𝗼𝗽𝗹𝗲. 𝗧𝗵𝗲 𝘀𝗮𝗺𝗲 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁.

We're excited to share that 𝘋𝘢𝘷𝘪𝘥 𝘖𝘢𝘴𝘦, 𝘊𝘗𝘈 is becoming 𝗥𝗲𝗱 𝗔𝗹𝗱𝗲𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀.

While our name is changing, the heart of our firm isn't. We're still the same team, guided by the same values—building trusted relationships, providing thoughtful financial guidance, and helping our clients grow with confidence.

The name 𝗥𝗲𝗱 𝗔𝗹𝗱𝗲𝗿 reflects what we've always believed: lasting success starts with strong roots, meaningful partnerships, and a commitment to helping others thrive.

Thank you for your trust and support over the years. We're honored to continue this journey with you as 𝗥𝗲𝗱 𝗔𝗹𝗱𝗲𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀, from this month onwards.

Read the story behind our new name: https://tucsoncpa.com/why-were-becoming-red-alder/

07/10/2026

𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗧𝗮𝘅 𝗧𝗲𝗿𝗺𝘀: 𝗣𝗮𝘀𝘀-𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗘𝗻𝘁𝗶𝘁𝗶𝗲𝘀 - 𝗪𝗵𝗮𝘁 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝗦𝗵𝗼𝘂𝗹𝗱 𝗞𝗻𝗼𝘄

Small business owners have a number of options on how to organize their business for tax purposes. And if you sell items on eBay or Esty, drive for Uber, or offer your services as a writer or programmer, you are probably considered a flow-through entity in the eyes of the IRS. Frankly, so much of individual tax is paid by these small businesses, it is important for all taxpayers to understand this tax code logic.

𝗛𝗼𝘄 𝗽𝗮𝘀𝘀-𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗲𝗻𝘁𝗶𝘁𝗶𝗲𝘀 𝘄𝗼𝗿𝗸

Pass-through entities do not pay taxes with a separate business tax return. Instead, the business's taxable income is reported on the owner's individual tax return. A sole proprietor does this on their Schedule C, while other entities like partnerships and S corporations send owners their respective share of profits via a K-1 tax form.

Generally, business owners prefer pass-through entities because:

The business income is taxed once instead of twice as in the case of C corporations.
The business format provides owners a level of legal protection that is not available by doing business as a sole proprietor.

𝗪𝗵𝗮𝘁 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝗸𝗻𝗼𝘄

- Individual tax rates. Changes in individual tax rates have an impact on the amount of tax paid by all small businesses that are organized as pass-through entities.
20 percent QBI deduction. A 20 percent qualified business income deduction is available for pass-through entities and sole proprietorships. There are limitations and other complexities involved, but bottom line is many small business owners will see a tax break due to this deduction.
- Owing the tax and having money to pay it can be a problem. Small pass-through business owners must pay income tax on their share of business profits. However, the business entity is NOT required to distribute cash from company to help pay the tax. So pass-through owners could see a tax bill without money to pay the tax.
- Concerns for minority shareholders. Minority shareholders in pass-through entities are...Read more: https://tips.resourcesforclients.com/EcgyfLzfgSUz

www.tucsoncpa.com

07/05/2026

𝐅𝐫𝐞𝐞𝐝𝐨𝐦, 𝐟𝐢𝐫𝐞𝐰𝐨𝐫𝐤𝐬, 𝐚𝐧𝐝 𝐟𝐚𝐧𝐭𝐚𝐬𝐭𝐢𝐜 𝐜𝐥𝐢𝐞𝐧𝐭𝐬—𝐚 𝐟𝐞𝐬𝐭𝐢𝐯𝐞 𝐜𝐨𝐦𝐛𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐢𝐬 𝟒𝐭𝐡 𝐨𝐟 𝐉𝐮𝐥𝐲! 🎇✨🇺🇸

Wishing you a wonderful and meaningful holiday with your families and colleagues!🌟

Address

7802 E Escalante Road
Tucson, AZ

Telephone

+15207902738

Website

http://www.tucsoncpa.com/, https://www.linkedin.com/company/redalder/, http://instagram.com/redalderaccountants, https:/

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