Tax Deductible Expenses

Cannabis leaves with motivational text overlay.

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
Red sunset over ocean with dramatic clouds.

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
Waterfall cascading under vibrant orange sky.

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
Sunset over forest with rolling fog.

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
Purple forest with cascading waterfall scene.

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
Fiery sunset clouds reflected on a lake.

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
Man in suit working at a desk.

2014 Depreciation Limits on Luxury Autos: IRS Rev Proc 2014-21

12/28/2014
According to 26 U.S. Code § 280F - Limitation on depreciation for luxury automobiles the...
Amortization / Depreciation / Self Employ / Small Business / Tax Deductible Expenses / Tax Guidance & Preparation
Looking up at classical architectural columns.

What is an FTE? What is a Seasonal Employee?

08/15/2014
What is an FTE; what is a Seasonal Employee? My friend, confidant, mentor and expert...
Affordable Care Act / Business Expense / Employee Business Expense / FTE / Medical Expenses / Medicare / Small Business / Sub-chapter S / Tax Credit / Tax Deductible Expenses / Tax Guidance & Preparation
Moon phases over mountains and lit pathway.

Tax Considerations When Supporting Parents

08/04/2014
As I have been helping my Mom transition into life as a widow many interesting...
Deductible Expense / Dependent / Family / Filing Status / Health Insurance / Tax Deductible Expenses / Tax Filing Status / Tax Guidance & Preparation

Recent Posts

Categories

Archives