Tax Guidance & Preparation

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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
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Incorrectly Issued Health Insurance Marketplace Statement Relief – Form 1095A

03/23/2015
I had a grEAt conversation with my friend Bob Kerr Friday. We talked about the...
1095A / Affordable Care Act / Amended Tax Return / Medical Expenses / ObamaCare / Premium Tax Credit / Tax Guidance & Preparation / Tax Problems & Requests
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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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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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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
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Schumann v. IRS: Reg. 1.469-2(f)(6) – The Nuanced Relationship Between Passive Losses & Self Rental Gains

11/12/2014
Schumann v. IRS: Reg. 1.469-2(f)(6) - The Nuanced Relationship Between Passive Losses & Self Rental...
1031 Exchange / Appeals & Audit Resolution / Business Expense / Business Income / Deductible Expense / Disallowed Expenses / IRS Examination / Material Participation / Passive Activity / Rental Real Estate / Self Rental / Sub-chapter S / Tax Court / Tax Guidance & Preparation
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Defining Passive Activity Between Spouses – Beyond the Bedroom: What Is Material Participation?

11/03/2014
Defining Passive Activity Between Spouses - Beyond the Bedroom What Is Material Participation? Ha! One...
Material Participation / Passive Activity / Rental Real Estate / Sub-chapter S / Tax Guidance & Preparation / Tax Preparer
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Why is Halloween So Scary – 2015 Tax Planning Will Be Hugely Complicated and Profoundly Significant for most ALL Taxpayers

10/31/2014
Once again another year is almost behind us and right after the new year income...
Gift Tax / Health Insurance / ObamaCare / Paying Taxes / Tax Guidance & Preparation
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What is the best Business Structure to form If Any?

10/29/2014
What I love most about Colorado, more than the 300+ days of sun every year...
Business Expense / Business Income / Business Structure / Capital Gain / Capital Loss / Employment Tax / Limited Partnership / LLC / Net Operating Loss / Partnership / Self Employ / Small Business / Sole Proprietor / Start up costs / Sub-chapter S / Tax Guidance & Preparation

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