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When Can You Dump Old Tax Records?

Published on June 14, 2022

  Article Highlights: General statute is 3 years Some states are longer Fraud, failure to…

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Foreign Income and Tax Reporting Issues

Published on May 31, 2022

Article Highlights: Non-Resident Alien Spouse Foreign Rentals Foreign Pensions Foreign Income Exclusion FBAR Statement of…

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Tax Issues That Arise When Converting a Home into a Rental

Published on May 24, 2022

Article Highlights: Reason for Conversion Basis Depreciation Cash Flow versus Tax Profit or Loss Passive…

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S CORPORATION REASONABLE SALARY REQUIREMENT

Published on May 3, 2022

Article Highlights: Payroll Taxes Corporate Officers Employees of a Corporation Reasonable Salaries Factors Flow-Through Deductions…

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Navigating The New 199A Pass-Through 20% Business Deduction

Published on December 13, 2018

Taxpayers with higher 1040 taxable incomes who are self-employed but are not “specified service businesses”…

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Insurance Statutory Agent Wins the 199A Tax Deduction

Published on November 6, 2018

Can a statutory agent qualify for the Section 199A deduction on his W-2 statutory net…

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Saving Plans for Retirement and Education

Published on September 11, 2018

When you are attempting to save money for your children’s future education or your retirement,…

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IRS Regulations Clarify Business Pass-Through Deduction

Published on August 14, 2018

Some of the major provisions of last year’s tax reform legislation were the many benefits…

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Big Changes for Vehicle Tax Deductions

Published on July 26, 2018

In the past, the business use of a vehicle was determined either by using the…

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Taxpayers Find Gift-Tax Reporting Confusing

Published on July 19, 2018

Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries…

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