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	<title>John R Dundon II</title>
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	<link>http://johnrdundon.com</link>
	<description>Federally Authorized Tax Practitioner</description>
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		<title>IRS Document 6209 &#8211; 8A Master File Codes</title>
		<link>http://johnrdundon.com/irs-document-6209-8a-master-file-codes/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-document-6209-8a-master-file-codes</link>
		<comments>http://johnrdundon.com/irs-document-6209-8a-master-file-codes/#comments</comments>
		<pubDate>Sat, 19 May 2012 18:19:12 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[IRS Appeal]]></category>
		<category><![CDATA[IRS Audit]]></category>
		<category><![CDATA[IRS Centralized Insolvency]]></category>
		<category><![CDATA[IRS Collections]]></category>
		<category><![CDATA[IRS Criminal Enforcement]]></category>
		<category><![CDATA[IRS Enforcement]]></category>
		<category><![CDATA[IRS Examination]]></category>
		<category><![CDATA[IRS Levy]]></category>
		<category><![CDATA[IRS Lien]]></category>
		<category><![CDATA[IRS Mediation]]></category>
		<category><![CDATA[IRS Penalties]]></category>
		<category><![CDATA[IRS Penalty and Interest Abatement]]></category>
		<category><![CDATA[IRS Transcript]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[IRS Document 6209]]></category>
		<category><![CDATA[IRS Document 6209 - Section 8A]]></category>

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		<description><![CDATA[The first thing that I always do when investigating a tax dispute is pull the transcripts from the IRS for review. They can be really hard to read if you don&#8217;t understand the Transaction Codes referenced. Transaction Codes are defined in IRS Document 6209 &#8211; Section 8A. This is a valuable resource in understanding how your [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Employee Tool and Equipment Plans</title>
		<link>http://johnrdundon.com/employee-tool-and-equipment-plans/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=employee-tool-and-equipment-plans</link>
		<comments>http://johnrdundon.com/employee-tool-and-equipment-plans/#comments</comments>
		<pubDate>Fri, 18 May 2012 03:09:17 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Business Expense]]></category>
		<category><![CDATA[Deductible Expense]]></category>
		<category><![CDATA[Disallowed Expenses]]></category>
		<category><![CDATA[Employee Business Expense]]></category>
		<category><![CDATA[Employment Tax]]></category>
		<category><![CDATA[IRS Enforcement]]></category>
		<category><![CDATA[IRS Examination]]></category>
		<category><![CDATA[Tax Abuse]]></category>
		<category><![CDATA[Tax Deductible Expenses]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Trust Fund Recovery Penalty]]></category>
		<category><![CDATA[accountable plan]]></category>
		<category><![CDATA[Employee tools]]></category>
		<category><![CDATA[equipment plan]]></category>
		<category><![CDATA[nonaccountable plan]]></category>
		<category><![CDATA[tool plan]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4299</guid>
		<description><![CDATA[Tool and Equipment Plans generally require employees to provide their own tools. Some plans purport to receive tax-favored treatment as “accountable plans” under the definition of adjusted gross income in Internal Revenue Code § 62(c). If you are expected to use your own tools and equipment on the job and get reimbursed be very careful in [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/employee-tool-and-equipment-plans/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Calculating Adjusted Basis in an S-Corporation</title>
		<link>http://johnrdundon.com/calculating-adjusted-basis-in-an-s-corporation/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=calculating-adjusted-basis-in-an-s-corporation</link>
		<comments>http://johnrdundon.com/calculating-adjusted-basis-in-an-s-corporation/#comments</comments>
		<pubDate>Wed, 16 May 2012 17:01:43 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Basis]]></category>
		<category><![CDATA[Corporation]]></category>
		<category><![CDATA[Sub-chapter S]]></category>
		<category><![CDATA[A Corp]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[Adjusted Basis]]></category>
		<category><![CDATA[S Corp]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4297</guid>
		<description><![CDATA[It seems to me that a relatively significant problem for most Sub chapter S Corporations is accounting for the capital accounts of each and every single shareholder. The company must maintain reasonably detailed records of each shareholder&#8217;s equity investments of cash and property, loans that each shareholder advances to the company as well as distributions [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/calculating-adjusted-basis-in-an-s-corporation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Medical and Dental Expenses &#8211; IRS Publications 502 + 969</title>
		<link>http://johnrdundon.com/medical-and-dental-expenses-irs-publications-502-969/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=medical-and-dental-expenses-irs-publications-502-969</link>
		<comments>http://johnrdundon.com/medical-and-dental-expenses-irs-publications-502-969/#comments</comments>
		<pubDate>Mon, 14 May 2012 05:35:05 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Medical Expenses]]></category>
		<category><![CDATA[dental expense]]></category>
		<category><![CDATA[IRS Pub 502]]></category>
		<category><![CDATA[IRS Pub 969]]></category>
		<category><![CDATA[Medical expense]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4294</guid>
		<description><![CDATA[This post is a quick overview of IRS Publication 502, Medical and Dental Expenses and IRS Publication 969 Health Savings Accounts and Other Tax-Favored Health Plans. You can deduct expenses primarily paid for the diagnosis, cure, mitigation, treatment or prevention of disease, or treatment affecting any structure or function of the body. For drugs, you can only deduct [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Rules for Providing K-1&#8242;s Electronically: Rev. Proc. 2012-17</title>
		<link>http://johnrdundon.com/irs-rules-for-providing-k-1s-electronically-rev-proc-2012-17/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-rules-for-providing-k-1s-electronically-rev-proc-2012-17</link>
		<comments>http://johnrdundon.com/irs-rules-for-providing-k-1s-electronically-rev-proc-2012-17/#comments</comments>
		<pubDate>Fri, 11 May 2012 16:47:22 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Corporation]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[Partnership]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Sub-chapter S]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[K-1]]></category>
		<category><![CDATA[Rev Proc 2012-17]]></category>

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		<description><![CDATA[Certain entities, such as partnerships, are required annually to file K-1s with the IRS and provide a copy to their partners. The IRS estimates that partnerships filed almost 26 million K-1s during 2011. Revenue Procedure 2012-17 provides new rules describing when partnerships may provide K-1s electronically to partners. These new rules make it easier for partnerships to provide [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/irs-rules-for-providing-k-1s-electronically-rev-proc-2012-17/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Understanding IRS Notices and Letters</title>
		<link>http://johnrdundon.com/understanding-irs-notices-and-letters/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=understanding-irs-notices-and-letters</link>
		<comments>http://johnrdundon.com/understanding-irs-notices-and-letters/#comments</comments>
		<pubDate>Thu, 10 May 2012 19:11:13 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[IRS Appeal]]></category>
		<category><![CDATA[IRS Audit]]></category>
		<category><![CDATA[IRS Centralized Insolvency]]></category>
		<category><![CDATA[IRS Collections]]></category>
		<category><![CDATA[IRS Criminal Enforcement]]></category>
		<category><![CDATA[IRS Enforcement]]></category>
		<category><![CDATA[IRS Examination]]></category>
		<category><![CDATA[IRS Levy]]></category>
		<category><![CDATA[IRS Lien]]></category>
		<category><![CDATA[IRS Mediation]]></category>
		<category><![CDATA[IRS Penalties]]></category>
		<category><![CDATA[IRS Penalty and Interest Abatement]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[IRS Letter]]></category>
		<category><![CDATA[IRS Notice]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4688</guid>
		<description><![CDATA[Look on the IRS notice or letter you received in the upper right hand corner for an alpha numeric sequence.  The corresponding IRS explanations below to their Notices and letters are sub categorized as follows: 1. Redesigned Notices 2. Other Notices 3. Individual Filer 4. Business Filer Redesigned Notices Notice Number Description Topic CP01H You [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unemployment Benefits and the IRS</title>
		<link>http://johnrdundon.com/unemployment-benefits-and-the-irs/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=unemployment-benefits-and-the-irs</link>
		<comments>http://johnrdundon.com/unemployment-benefits-and-the-irs/#comments</comments>
		<pubDate>Wed, 09 May 2012 15:49:18 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Income]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4290</guid>
		<description><![CDATA[Unemployment compensation generally includes, among other forms, state unemployment compensation benefits, but the tax implications depend on the type of program paying the benefits. You must report unemployment compensation on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ as represented by any IRS Form 1099-G&#8216;s that you receive, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Bartering Tax Center</title>
		<link>http://johnrdundon.com/irs-bartering-tax-center/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-bartering-tax-center</link>
		<comments>http://johnrdundon.com/irs-bartering-tax-center/#comments</comments>
		<pubDate>Mon, 07 May 2012 19:17:04 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Barter]]></category>
		<category><![CDATA[Bartering Tax Center]]></category>
		<category><![CDATA[IRS Bartering Tax Center]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4283</guid>
		<description><![CDATA[Bartering is the trading of one product or service for another. Usually there is no exchange of cash. However, the fair market value of the goods and services exchanged must be reported as income by both parties in the year exchanged. The IRS has an online Bartering Tax Center that is worth checking out to help get it [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/irs-bartering-tax-center/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Updated Rules Issued for IRS Communications with Appeals Office &#8211; Rev. Proc. 2012-18</title>
		<link>http://johnrdundon.com/updated-rules-issued-for-irs-communications-with-appeals-office-rev-proc-2012-18/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=updated-rules-issued-for-irs-communications-with-appeals-office-rev-proc-2012-18</link>
		<comments>http://johnrdundon.com/updated-rules-issued-for-irs-communications-with-appeals-office-rev-proc-2012-18/#comments</comments>
		<pubDate>Wed, 02 May 2012 19:15:28 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Appeals & Audit Resolution]]></category>
		<category><![CDATA[IRS Appeal]]></category>
		<category><![CDATA[2012-18]]></category>
		<category><![CDATA[Appeal]]></category>
		<category><![CDATA[IRS Rev Proc 2012-18]]></category>
		<category><![CDATA[Rev. Proc. 2012-18]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4288</guid>
		<description><![CDATA[The IRS Office of Appeals resolves more than 100,000 tax cases each year. Employees staffed in this function are trained to resolve disputes taking into consideration the hazards of litigation as well as the benefits of efficient tax administration. They are not necessarily trained to advocate on behalf of the United States Government&#8217;s best interest as they [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/updated-rules-issued-for-irs-communications-with-appeals-office-rev-proc-2012-18/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tax Deductible Job Search Expenses</title>
		<link>http://johnrdundon.com/tax-deductible-job-search-expenses-2/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tax-deductible-job-search-expenses-2</link>
		<comments>http://johnrdundon.com/tax-deductible-job-search-expenses-2/#comments</comments>
		<pubDate>Tue, 01 May 2012 17:31:15 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Business Expense]]></category>
		<category><![CDATA[Disallowed Expenses]]></category>
		<category><![CDATA[IRS Appeal]]></category>
		<category><![CDATA[IRS Audit]]></category>
		<category><![CDATA[IRS Collections]]></category>
		<category><![CDATA[IRS Enforcement]]></category>
		<category><![CDATA[IRS Examination]]></category>
		<category><![CDATA[Moving Expenses]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Tax Problems & Requests]]></category>
		<category><![CDATA[Tax Records]]></category>
		<category><![CDATA[Taxable Income]]></category>
		<category><![CDATA[Business Travel Expenses]]></category>
		<category><![CDATA[IRS Pub 521]]></category>
		<category><![CDATA[IRS Pub 529]]></category>
		<category><![CDATA[IRS Tax Topic 511]]></category>
		<category><![CDATA[Job Search Expense]]></category>
		<category><![CDATA[Miscellaneous Deductions]]></category>
		<category><![CDATA[Miscellaneous Expenses]]></category>
		<category><![CDATA[moving expenses]]></category>
		<category><![CDATA[Tax Topic 508]]></category>
		<category><![CDATA[Tax Topic 511]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4664</guid>
		<description><![CDATA[Recently the IRS&#8217; Outreach Corner published an article stating that if you’re searching for a job, &#8220;you may be able to deduct some of your expenses, such as attending career fairs, moving expenses and submitting resumes, on your tax return as long as you are looking for a new job in your current occupation.&#8221; This is [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Colorado&#8217;s Uniform Debt Management Services Act</title>
		<link>http://johnrdundon.com/colorados-uniform-debt-management-services-act/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=colorados-uniform-debt-management-services-act</link>
		<comments>http://johnrdundon.com/colorados-uniform-debt-management-services-act/#comments</comments>
		<pubDate>Sun, 29 Apr 2012 18:47:43 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Colorado Attorney General]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Tax Problems & Requests]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4659</guid>
		<description><![CDATA[According to Colorado’s Uniform Debt Management Services Act (UDMSA) any person acting on behalf of a consumer in an effort to negotiate a debt must register with the Attorney General (AG).  Subsequently I learned ANYONE NEGOTIATING TAX DEBT RELIEF could be subject to enforcement by the state of Colorado Attorney General for failure to comply [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/colorados-uniform-debt-management-services-act/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Researching Tax Treaties &#8211; IRS Publications 54 and 901</title>
		<link>http://johnrdundon.com/researching-tax-treaties-irs-publications-54-and-901/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=researching-tax-treaties-irs-publications-54-and-901</link>
		<comments>http://johnrdundon.com/researching-tax-treaties-irs-publications-54-and-901/#comments</comments>
		<pubDate>Thu, 26 Apr 2012 02:59:36 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Foreign Income]]></category>
		<category><![CDATA[International Tax]]></category>
		<category><![CDATA[IRS Publication 54]]></category>
		<category><![CDATA[IRS Publication 91]]></category>
		<category><![CDATA[Tax Treaties]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4280</guid>
		<description><![CDATA[IRS Publication 901 U.S. Tax Treaties is to be used as a quick reference guide that will tell you whether a tax treaty between the United States and a particular country offers a reduced rate of, or possibly a complete exemption from, U.S. income tax for residents of particular countries. It is not a complete guide to all provisions of [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/researching-tax-treaties-irs-publications-54-and-901/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is a Qualifying Child for the Child Tax Credit &#8211; IRS Publication 972</title>
		<link>http://johnrdundon.com/what-is-a-qualifying-child-for-the-child-tax-credit-irs-publication-972/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=what-is-a-qualifying-child-for-the-child-tax-credit-irs-publication-972</link>
		<comments>http://johnrdundon.com/what-is-a-qualifying-child-for-the-child-tax-credit-irs-publication-972/#comments</comments>
		<pubDate>Wed, 25 Apr 2012 03:33:17 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Child Tax]]></category>
		<category><![CDATA[Children]]></category>
		<category><![CDATA[Tax Credit]]></category>
		<category><![CDATA[Child Tax Credit]]></category>
		<category><![CDATA[IRS Publication 972]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4270</guid>
		<description><![CDATA[A qualifying child for the child tax credit is someone who meets the qualifying criteria of seven tests: age, relationship, support, dependent, joint return, citizenship and residence. 1. Age test To qualify, a child must have been under age 17 – age 16 or younger – at the end of 2011. 2. Relationship test To claim a [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sales &amp; Other Dispositions of Capital Assets &#8211; IRS Form 8949</title>
		<link>http://johnrdundon.com/sales-other-dispositions-of-capital-assets-irs-form-8949/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=sales-other-dispositions-of-capital-assets-irs-form-8949</link>
		<comments>http://johnrdundon.com/sales-other-dispositions-of-capital-assets-irs-form-8949/#comments</comments>
		<pubDate>Mon, 23 Apr 2012 18:29:34 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Capital Gain]]></category>
		<category><![CDATA[Capital Loss]]></category>
		<category><![CDATA[Capital Asset]]></category>
		<category><![CDATA[Disposition]]></category>
		<category><![CDATA[IRS Form 8949]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4268</guid>
		<description><![CDATA[The IRS has a new Form 8949, Sales and Other Dispositions of Capital Assets that taxpayers must use to report most capital gains and losses. Any properties you own for investment purposes and most properties you own for personal purposes (ie your house) are for the most part considered capital assets. Use Form 8949 to report the sale [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/sales-other-dispositions-of-capital-assets-irs-form-8949/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Taking A Closer Look At Under Reported Retirement Income</title>
		<link>http://johnrdundon.com/irs-taking-a-closer-look-at-under-reported-retirement-income/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-taking-a-closer-look-at-under-reported-retirement-income</link>
		<comments>http://johnrdundon.com/irs-taking-a-closer-look-at-under-reported-retirement-income/#comments</comments>
		<pubDate>Wed, 18 Apr 2012 18:41:11 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Retirement]]></category>
		<category><![CDATA[TIGTA]]></category>
		<category><![CDATA[1099-R]]></category>
		<category><![CDATA[AUR]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[uder reported]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4257</guid>
		<description><![CDATA[The Taxpayer Inspector General for Tax Administration determined that the IRS Automated Under Reporter Program (AUR) is effectively determining the proper reporting of retirement income when Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., discloses the taxable amount of the retirement distribution. For example, for Tax Year 2007, AUR Program examiners made [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/irs-taking-a-closer-look-at-under-reported-retirement-income/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Tax Filing Extension Form 4868 &amp; Tax Paying Extension Form 1127A</title>
		<link>http://johnrdundon.com/irs-tax-filing-extension-form-4868-tax-paying-extension-form-1127a/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-tax-filing-extension-form-4868-tax-paying-extension-form-1127a</link>
		<comments>http://johnrdundon.com/irs-tax-filing-extension-form-4868-tax-paying-extension-form-1127a/#comments</comments>
		<pubDate>Tue, 17 Apr 2012 23:32:13 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Paying Taxes]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Tax filing extension]]></category>
		<category><![CDATA[Tax paying extension]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4620</guid>
		<description><![CDATA[Tax day is upon us &#8211; remember to at least get you application for automatic extension post marked today using IRS Form 4868 Or if your Adjusted Gross Income is under $57,000 you can file an automatic extension request online using Free File If you or your spouse (when filing a joint return) were unemployed for 30 [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/irs-tax-filing-extension-form-4868-tax-paying-extension-form-1127a/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Basis for IRS Certificate of Lien Discharge</title>
		<link>http://johnrdundon.com/basis-for-irs-certificate-of-lien-discharge/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=basis-for-irs-certificate-of-lien-discharge</link>
		<comments>http://johnrdundon.com/basis-for-irs-certificate-of-lien-discharge/#comments</comments>
		<pubDate>Sun, 15 Apr 2012 06:49:55 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[IRS Lien]]></category>
		<category><![CDATA[IRS Lien Withdrawal]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4607</guid>
		<description><![CDATA[Having the IRS put a tax lien on you absolutely sucks in many regards. It not only impacts your credit score, it carries a stigma that permeates into the workforce. Having an IRS Tax Lien discharged can be like transcending the seven depths of Dante&#8217;s hell. These things can have a dramatically negative impact on people [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/basis-for-irs-certificate-of-lien-discharge/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tax Advantages of Employing Your Children</title>
		<link>http://johnrdundon.com/tax-advantages-of-employing-your-children/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tax-advantages-of-employing-your-children</link>
		<comments>http://johnrdundon.com/tax-advantages-of-employing-your-children/#comments</comments>
		<pubDate>Thu, 12 Apr 2012 02:28:43 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Children]]></category>
		<category><![CDATA[Employment Tax]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4237</guid>
		<description><![CDATA[Payments for the services of a child under the age of twenty-one who works for his or her parent whether or not in a trade or business, are not subject to federal unemployment taxes (FUTA). These exceptions are not the case with a corporation (C or S), even if the corporation is completely controlled by the child’s parents. Significant tax shelter is [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/tax-advantages-of-employing-your-children/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Coming Clean</title>
		<link>http://johnrdundon.com/coming-clean/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=coming-clean</link>
		<comments>http://johnrdundon.com/coming-clean/#comments</comments>
		<pubDate>Sun, 08 Apr 2012 21:01:48 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Tax Fraud]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Tax Preparer]]></category>
		<category><![CDATA[Tax Problems & Requests]]></category>
		<category><![CDATA[Tax Relief]]></category>
		<category><![CDATA[Butch O'Hare]]></category>
		<category><![CDATA[Coming Clean]]></category>
		<category><![CDATA[Easy Eddie]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4549</guid>
		<description><![CDATA[Quite often people approach me with their tax problems talking in terms of &#8220;coming clean&#8221; telling dramatic and deeply personal stories, many of which have little or nothing to do with the tax matter at hand. People seem to want to essentially &#8216;get issues off their chest&#8217; or &#8216;confess their sins&#8217; as it were which [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/coming-clean/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Paying Estimated Taxes IRS Form 1040-ES</title>
		<link>http://johnrdundon.com/paying-estimated-taxes-irs-form-1040-es/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=paying-estimated-taxes-irs-form-1040-es</link>
		<comments>http://johnrdundon.com/paying-estimated-taxes-irs-form-1040-es/#comments</comments>
		<pubDate>Thu, 05 Apr 2012 19:07:33 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Estimated Taxes]]></category>
		<category><![CDATA[Paying Taxes]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[IRS Form 1040-ES]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4540</guid>
		<description><![CDATA[As a general rule, you must pay estimated taxes in 2012 if both of these statements apply: 1) You expect to owe at least $1,000 in tax after subtracting your tax withholding (if you have any) and tax credits, and 2) You expect your withholding and credits to be less than the smaller of 90 [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/paying-estimated-taxes-irs-form-1040-es/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Fresh Start Initiative: Apply for Extension of Time to PAY with Form 1127A or Request an Installment Agreement with IRS Form 9465FS</title>
		<link>http://johnrdundon.com/irs-fresh-start-initiative-apply-for-extension-of-time-to-pay-with-form-1127a-or-request-an-installment-agreement-with-irs-form-9465fs/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-fresh-start-initiative-apply-for-extension-of-time-to-pay-with-form-1127a-or-request-an-installment-agreement-with-irs-form-9465fs</link>
		<comments>http://johnrdundon.com/irs-fresh-start-initiative-apply-for-extension-of-time-to-pay-with-form-1127a-or-request-an-installment-agreement-with-irs-form-9465fs/#comments</comments>
		<pubDate>Tue, 03 Apr 2012 16:47:02 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Installment Agreement]]></category>
		<category><![CDATA[IRS Collections]]></category>
		<category><![CDATA[IRS Enforcement]]></category>
		<category><![CDATA[IRS Mediation]]></category>
		<category><![CDATA[IRS Penalties]]></category>
		<category><![CDATA[IRS Penalty and Interest Abatement]]></category>
		<category><![CDATA[Partial Payment Installment Agreement]]></category>
		<category><![CDATA[Paying Taxes]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[1127A]]></category>
		<category><![CDATA[9465]]></category>
		<category><![CDATA[9465-FS]]></category>
		<category><![CDATA[IRS Form 1127A]]></category>
		<category><![CDATA[IRS Form 9465-FS]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4533</guid>
		<description><![CDATA[If you don&#8217;t have the money to pay your taxes you should file your return on time and pay as much as you can with the return to eliminate the late filing penalty and minimize the late payment penalty/interest charges. For tax year 2011, qualifying individuals may request an extension of time to pay and [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/irs-fresh-start-initiative-apply-for-extension-of-time-to-pay-with-form-1127a-or-request-an-installment-agreement-with-irs-form-9465fs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Statutory Employee</title>
		<link>http://johnrdundon.com/statutory-employee/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=statutory-employee</link>
		<comments>http://johnrdundon.com/statutory-employee/#comments</comments>
		<pubDate>Tue, 27 Mar 2012 22:45:39 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Employment Tax]]></category>
		<category><![CDATA[Statutory Employees]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4220</guid>
		<description><![CDATA[I&#8217;ve found myself needing to specifically clarify what the definition of statutory employee means for IRS employment tax purposes. Statutory employees include: 1. full-time life insurance agents, 2. certain agent or commission drivers, 3. traveling salespersons, and 4. certain homeworkers. Statutory employees do not owe self employment tax on these earnings, as Social Security and Medicare taxes [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/statutory-employee/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Start Up Expenses</title>
		<link>http://johnrdundon.com/start-up-expenses/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=start-up-expenses</link>
		<comments>http://johnrdundon.com/start-up-expenses/#comments</comments>
		<pubDate>Tue, 27 Mar 2012 04:30:15 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Business Expense]]></category>
		<category><![CDATA[Sole Proprietor]]></category>
		<category><![CDATA[Start up costs]]></category>
		<category><![CDATA[Start Up]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4224</guid>
		<description><![CDATA[The two major start up business expenses are the costs to organize and the costs of normal business expenses incurred prior to the beginning of business or the point where the business is ready to receive revenue. Sole proprietors do not normally have costs to organize because a business entity is not formed however they could expend substantial up-front business [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/start-up-expenses/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Acquisition Debt and Divorce</title>
		<link>http://johnrdundon.com/acquisition-debt-and-divorce/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=acquisition-debt-and-divorce</link>
		<comments>http://johnrdundon.com/acquisition-debt-and-divorce/#comments</comments>
		<pubDate>Thu, 22 Mar 2012 07:21:01 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Basis]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Family]]></category>
		<category><![CDATA[Gift Tax]]></category>
		<category><![CDATA[Home Office]]></category>
		<category><![CDATA[Marriage]]></category>
		<category><![CDATA[Tax Guidance & Preparation]]></category>
		<category><![CDATA[Acquisition Debt]]></category>
		<category><![CDATA[IRC 1041]]></category>
		<category><![CDATA[IRC 163]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=4230</guid>
		<description><![CDATA[Generally speaking IRS regulations provide that debt incurred to acquire the interest of a spouse or former spouse in a residence, incident to divorce or legal separation, may be treated as acquisition indebtedness under IRC Sec. 163 (mortgage interest deductions) without regard to the treatment of the transaction under IRC Sec. 1041 (spousal transfers). This debt is considered incurred to acquire a [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/acquisition-debt-and-divorce/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRS Tax Treatment of Incentive Stock Options Forms 3921 &#8211; 6251 &#8211; 8949</title>
		<link>http://johnrdundon.com/irs-tax-treatment-of-incentive-stock-options-forms-3921-6251-8949/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=irs-tax-treatment-of-incentive-stock-options-forms-3921-6251-8949</link>
		<comments>http://johnrdundon.com/irs-tax-treatment-of-incentive-stock-options-forms-3921-6251-8949/#comments</comments>
		<pubDate>Mon, 19 Mar 2012 17:32:02 +0000</pubDate>
		<dc:creator>John R. Dundon II</dc:creator>
				<category><![CDATA[Alternative Minimum Tax (AMT)]]></category>
		<category><![CDATA[Stock Options]]></category>
		<category><![CDATA[IRS Form 3921]]></category>
		<category><![CDATA[IRS Form 6251]]></category>
		<category><![CDATA[IRS Form 8949]]></category>
		<category><![CDATA[ISO]]></category>
		<category><![CDATA[Qualifying Disposition]]></category>

		<guid isPermaLink="false">http://johnrdundon.com/?p=3701</guid>
		<description><![CDATA[Incentive stock options (ISO) are compensation to employees in the form of stock rather than cash. With an ISO, the employer grants to the employee an option to purchase stock in the employer&#8217;s corporation, or parent or subsidiary corporations, at a predetermined price, called the exercise price or strike price. This transaction can happen as [...]]]></description>
		<wfw:commentRss>http://johnrdundon.com/irs-tax-treatment-of-incentive-stock-options-forms-3921-6251-8949/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
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