John R. Dundon II, EA

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Richard S. Leyh et ux. v. Commissioner – Contemporaneous Log Detailing Rental Property Activity Permissible in Defining Real Estate Professional for Income Tax Purposes

04/25/2015
Richard S. Leyh et ux. v. Commissioner (T.C. Summ. Op. 2015-27) details a case in...
Rental Real Estate / Tax Court / Tax Deductible Expenses / Tax Guidance & Preparation
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Automatic Extension Request of Time to File Personal Income Taxes: IRS Form 4868

04/01/2015
Automatic Extension Request of Time to File Personal Income Taxes: IRS Form 4868 Income tax...
Extension / Paying Taxes
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Turbo Tax vs. Licensed Tax Professional

04/01/2015
It is a rare occasion that guests are allowed to write for this blog but...
Licensed Tax Professional / TurboTax
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Incorrectly Issued Health Insurance Marketplace Statement Relief – Form 1095A

03/23/2015
I had a grEAt conversation with my friend Bob Kerr Friday. We talked about the...
1095A / Affordable Care Act / Amended Tax Return / Medical Expenses / ObamaCare / Premium Tax Credit / Tax Guidance & Preparation / Tax Problems & Requests
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Business Taxes Due Next Week – AVOID PENALIZATION – File An Automatic Extension Request TODAY – IRS Form 7004

03/11/2015
The Business and Partnership Tax deadline is coming up fast! Don't sweat it! File IRS...
Basis / Business Expense / Business Income / Colorado Department of Revenue / Corporation / Cost Basis / Extension / Partnership / Penalty / Sub-chapter S / Tax Deductible Expenses / Tax Guidance & Preparation / Taxable Income
Businessman working on laptop and documents.

How Professional Athletes Attribute “Rest Days” for State Income Tax Purposes: A Major Controversy Brews

03/02/2015
Many young professional athletes and their less than experienced managers are learning for the very...
Church Pastor Religion / Colorado Department of Revenue / Professional Athlete
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Releasing a Federal Tax Lien from the IRS – A Step by Step Guide

02/18/2015
Fortunately I graduated from providing this service for hire preferring to refer all tax collection...
IRS Collections / IRS Enforcement / IRS Levy / IRS Lien
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LLC Income is INDEED Subject to Self Employment Tax: IRS Chief Counsel Advice 201436049

02/06/2015
In 1997, the IRS issued proposed regulations governing when the distributive share of partnership income...
Employment Tax / Entity Classification / Limited Partnership / LLC / Material Participation / Passive Activity / Payroll Tax Problems / Small Business / / Taxable Income / Uncategorized
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Marijuana Dispensary Income Tax Guidance Update: IRS Memo 201504011

01/26/2015
As many of you know who follow my tax musings via this blog, I recently...
Amortization / Business Expense / Cash Transaction / Disallowed Expenses / IRS Appeal / IRS Audit / IRS Enforcement / IRS Examination / Marijuana
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Final Tangible Property Regulations Necessitate that Many Businesses Apply for Change Of Accounting Method: IRS Form 3115; Rev Procs 2015-13 & 2015-14

01/19/2015
Back in June 2014 I blogged about the new IRS Regulations governing tangible personal property....
Accounting Method / Asset Classification / Basis / Business Expense / Capital Gain / Capital Loss / Cost Basis / Cost Segregation / Deductible Expense / Depreciation / Tax Guidance & Preparation

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