John R. Dundon II, EA

Sunset over ocean with flying birds.

Reporting Investments In Certain Foreign Corporations for U.S. Tax Purposes

05/05/2014
As we increasingly become more connected on this planet US Taxpayers are compelled more than...
CFC / Corporation / FBAR / Foreign Income / International Tax / IRS Enforcement / IRS Examination / Tax Guidance & Preparation
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IRS Bills, Penalties and Interest Charges

04/26/2014
Many people have been reaching out to me to learn specifically about what they are...
IRS Collections / IRS Enforcement / IRS Penalties / IRS Penalty and Interest Abatement / Paying Taxes / Tax Guidance & Preparation / Tax Preparer / Tax Problems & Requests / Tax Refund / Tax Relief
Colorado Launches New Tax Credit for Long-Term Care Workers: What You Need to Know

S – Corp Charitable Donations

04/20/2014
The most intriguing aspect of maintaining this tax blog is the pleasure of meeting and...
Charitable Contribution / Sub-chapter S
Person working with laptop and calculator.

Application for Automatic Extension of Time To File U.S. Individual Income Tax Return – IRS Form 4868

04/07/2014
Everyone starts getting a little freaked out this time of year because of personal income...
Extension
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Retirement Plan Recharacterization

03/31/2014
Retirement Plan Recharacterization meansaccording to Reg. Sec. 1.408A-5 that if you make a contribution to...
IRA / Recharacterization / Retirement / Tax Guidance & Preparation
2006 U.S. tax forms and documents.

Tax Treatment of Virtual Currencies

03/26/2014
As many of you know who follow this tax blog I enjoy dabbling in the...
Bitcoin / Virtual Currency
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Corporate and Partnership Automatic Extension Request: IRS Form 7004

03/14/2014
The Business and Partnership Tax deadline is coming up fast. Don't sweat it. File IRS...
Extension
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Understanding Your Odds with IRS Audit Technique Guides

03/02/2014
Many taxpayers fear that aggressive deductions wave flags in front of IRS auditors and quite...
Abusive Tax Shelter / Appeals & Audit Resolution / Audit Reconsideration / Audit Technique Guide / Business Expense / Business Income / IRS Appeal / IRS Audit / IRS Collections / IRS Enforcement / IRS Examination / IRS Mediation / IRS Penalty and Interest Abatement / IRS Transcript
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Tax Implications of Installment Sales

02/27/2014
More and more taxpayers it seems are finding themselves compelled to engage in a structured...
1031 Exchange / 1231 Exchange / Installment Agreement / Tax Deductible Expenses / Tax Guidance & Preparation
Kingfisher diving into water, perfect reflection.

Allowable Nontaxable IRA Rollovers Contributions Interpreted To Mean One Per Taxpayer Per Tax Year in US Tax Court Case – Bobrow v. Commissioner

02/17/2014
In Bobrow v. Comm'r, T.C. Memo. 2014-21, the Tax Court relied on IRC 408(d)(3)(B) regarding...
Distributions / Investment Income / IRA / IRS Enforcement / IRS Examination / Retirement / Tax Court / Tax Guidance & Preparation / Tax Problems & Requests

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