Business Expense

Navigating Health Savings Accounts and Other Tax-Favored Plans

12/01/2015

Over Thanksgiving I was asked to explain in basic sound bite terms the federal tax...

Business Expense / FSA / Health Care Tax Credit / Health Insurance / HEalth Savings Account / HRA / HSA / Medical Expenses / Medicare / MSA

Health Savings Accounts (HSA) – A Fantastic Tax Planning Tool

11/04/2015

Health Savings Accounts (HSA) - A Fantastic Tax Planning Tool - first introduced in 2003...

Business Expense / HEalth Savings Account / HSA / Medical Expenses

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

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

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

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

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

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

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

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

Search Posts...