White Lotus, K-1 Workshop, and the Final Countdown to 4/15

I’m Keeping This One Short and Sweet…

We’ve got a lot going on at P&C, and I want to fill you in.

🎓 K-1 Workshop

If you joined us for Day 1 or Day 2 of our “Stop Guessing at Your K-1 – Critical Tax Moves Savvy Investors Make” workshop—THANK YOU.

Still scratching your head over your K-1? In Days 1 and 2 of our workshop, we broke down what your K-1 is actually telling you (or not), why your basis matters way more than you think, and how being an LP or GP affects your tax hit. We also tackled the fun stuff—capital gains, depreciation recapture (yep, the IRS wants their bonus depreciation back), and what happens when deals go sideways. From passive loss strategies to 1031 headaches, we’re making sure you stop guessing—and start planning smarter.

If you haven’t registered? There’s still time! Join us for Day 3 for free, or catch up on all the recorded sessions (plus Q&A, networking, and other good stuff) over in the Collective:

🔗 Register for Day 3
🔗 Catch the Recordings

🍹 From Uncle Rico to Uncle Sam: What White Lotus Can Teach Us About Tax Law

White Lotus fans, this one’s for you. We’re big fans at the house, so naturally, we had to turn one of the juiciest plot points into a tax lesson.

Uncle Rico handing Belinda $5 million?
Yeah… we had thoughts. Spoiler: it’s not just a “gift.”

We broke it down in a quick, fun read—check it out here:
👉 Uncle Rico to Uncle Sam - White Lotus and Tax Law

⏳ 6 Days Until 4/15

We’re working furiously to get all the returns submitted by the 3/15 deadline out the door before Tuesday's cutoff. Just a quick reminder: we have a four-week turnaround time, and we’ve got to stick to that to ensure the work gets done right.

If you filed with us last year—or you’re a new client with a signed engagement letter dated between last November and now—your extension is already filed. Want to double-check? Reach out to our tax admin, Cess, and she’ll send you a confirmation:
📧 [email protected]

👋 Who Is Cess?

Glad you asked. Cess is the newest member of our team and serves as our Tax Project Coordinator. She’ll be helping gather documents, chase down signed 8879s, and generally keep things running like a well-oiled machine.

You may hear from her soon—and if you need anything, don’t be shy: reach out!

✍️ Legacy Accounting Engagement Letters

We’ve sent out our 2025 engagement letter (outlining pricing and services) to a select group of our legacy accounting clients. If you received one, please note:
It needs to be signed by June 1.

Not everyone got this, so don’t worry if you didn’t. If you did and have questions, hit up Andre, our Client Service Manager. He can walk you through the details—and if needed, we’re happy to hop on a call to chat through how we can best support your accounting needs.
📧 [email protected]