Business Expense

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Marijuana Taxation: Beck v. Commissioner & Excise Tax Paid

10/13/2015
UGH! I vowed to stop writing about the tax implications of marijuana taxation: Beck v....
Business Expense / Marijuana / Tax Court / Tax Deductible Expenses / Tax Guidance & Preparation
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Defining Small Employer with Regards to Offering Health Insurance

05/18/2015
Many business owners of all sizes have been posting to this blog lately with concerns...
Affordable Care Act / Business Expense / Corporation / Employee Business Expense / ObamaCare / SHOP / Small Business / Sub-chapter S / Tax Credit / Tax Deductible Expenses
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Meal Expense – Navigating Between Internal Revenue Code Sections 162, 274, 132; IRS Technical Advice Memorandum 200030001; and, Churchill Downs v. Commissioner

05/05/2015
As per usual I'm swimming in areas where the tax code is seemingly at odds....
Business Expense / Deductible Expense / Disallowed Expenses / Employee Business Expense / Meal Expense / Tax Court / Tax Deductible Expenses / Taxable Income / Uncertain Tax Position
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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
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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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IRS Form 1099-misc Filing Requirements Defined as per IRC 6041

01/15/2015
I was talking with a taxpayer the other day who registered as an LLC with...
Business Expense / Business Income / Cash / Cash Transaction / Employee Business Expense / Employment Tax / Entity Classification / FICA / Income / Independent Contractor / Payroll Tax Problems
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Can You Establish a SEP Plan if you are a Sole Proprietor? What if that Sole Proprietorship Had Historically Passive Income?

01/09/2015
Regardless of their nature or topic matter, off beat questions are one of the spices...
Business Expense / Deductible Expense / Employee Business Expense / Employment Tax / Partnership / Passive Activity / Payroll Tax Problems / Self Employ / Sole Proprietor / Sub-chapter S / Tax Deductible Expenses / Unemployment

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