June 11, 2019
Are You a US Citizen Living Outside the US Contemplating Expatriation (or not) – File An Extension Request Today?
Seeking Clarity in the US Tax Code on behalf of US Taxpayers Everywhere...
News
February 11, 2019
The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)
Patents are treated as capital assets when being exchanged but are excluded from the definition of capital asset when held. Perturbing!...
January 16, 2019
Business Losses Limited for the Unincorporated
In AMERICA you can no longer report losses of more than $250,000 in any given tax year unless of course your business affairs are incorporated....
January 7, 2019
What Data Protection Plan?
The #1 Question for your tax advisers this year is – Do you have a Data Protection Plan? My friend, Deborah Rodgers, a dedicated and decorated public servant serving since the dawn of time as an IRS Stakeholder Liaison in the Denver Office called the other...
November 27, 2018
Charitable Contribution Deductions under the new TCJA
Ho Ho Ho! Everyone is writing about being charitable today to assuage that capitalist guilt. 'Tis the season. Charity my friends and loyal readers starts in the home. Be charitable and loving with yourself first and foremost. Nurture your soul. Make yourself a better human being...
November 6, 2018
Tax Planning Time for Small Business Owners
Greetings fellow business owners and tax nerds alike! Tax planning time for small business owners is upon us. As we run full tilt into the holidays - between storing boats & fishing poles, repairing bikes, readying hunting gear and waxing skis don't forget to THINK about...
August 27, 2018
What is a Specified Service Trade or Business (SSTB)?
When not riding my mountain bike in the Rocky Mountains I tend to hang out with tax nerds ...
June 25, 2018
IRS Penalty Relief, What IS Reasonable Cause?
IRS penalty relief brings big business opportunities for astute tax practitioners as the IRS does indeed have the authority to provide relief from various penalties if you know how to do the dance. Way back in 2014 the IRS abated either in part or in full...
June 18, 2018
IRS Form W-4 Remains Profoundly Complicated
IRS Form W-4 profoundly complicated but it does not have to be that way. Resist the urge to over think. When I first looked at the Form W-4 Employee’s Withholding Allowance Certificate my initial reaction was RAGE. Yes, RAGE! When you view the form you will see that...
