Tax Guidance & Preparation

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Odujinrin v. IRS Commissioner Reinforces the Significance of Engaging a Reputable Enrolled Agent

10/24/2014
In Wole Odujinrin v. IRS Commissioner the petitioner, a hematology oncologist who represented himself, did not...
Back Taxes Owed / Business Expense / Disallowed Expenses / Employee Business Expense / IRS Appeal / IRS Audit / IRS Collections / IRS Enforcement / IRS Penalties / IRS Penalty and Interest Abatement / Tax Abuse / Tax Court / Tax Guidance & Preparation / Tax Preparer
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How to Calculate Basis of a Primary Residence Converted to Rental Property [Reg. §1.168(i)-4(b)] [Reg. §1.165-9(b)(2)]

10/07/2014
How to Calculate Basis of a Primary Residence Converted to Rental Property [Reg. §1.168(i)-4(b)] [Reg....
1031 Exchange / Basis / Capital Gain / Capital Loss / Depreciation / Passive Activity / Rental Real Estate / Tax Guidance & Preparation
Hands reviewing documents with calculator nearby.

Worker Classification & the Colorado Department of Labor & Employment

09/30/2014
Worker Classification & the Colorado Department of Labor & Employment This post is about my...
Colorado Department of Labor & Employment / Employment Tax / FICA / Payroll Tax Problems / Small Business / Tax Guidance & Preparation / Tax Problems & Requests / Unemployment
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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
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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
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A Brief Introspection of Repair vs. Improvement: IRS Revenue Procedures 2014-16 and 2014-17

06/26/2014
That's right Y'all this is another one of those quite game changers for owners of...
1031 Exchange / Business Expense / Depreciation / Rental Real Estate / Sole Proprietor / Tax Abuse / Tax Guidance & Preparation / Tax Problems & Requests
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US v. Clarke SCOTUS Decision Favors Taxpayers

06/23/2014
The SCOTUS clarified the11th Circuit Court of Appeals in the United States v. Clarke Et....
Audit Reconsideration / Business Expense / IRS Enforcement / IRS Examination / Tax Abuse / Tax Court / Tax Deductible Expenses / Tax Guidance & Preparation / Tax Preparer / Tax Problems & Requests / Tax Relief
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Defending Against Alter Ego Allegations

06/10/2014
What is an "alter ego" allegation? Aside of course being one of several nuanced yet...
Alter Ego / Sub-chapter S / Tax Abuse / Tax Deductible Expenses / Tax Fraud / Tax Guidance & Preparation / Tax Preparer / Tax Problems & Requests / Tax Relief / Trusts / Uncertain Tax Position / United States Treasury
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IRC 7216 Disclosure Issues to Consider When Selling Your Practice – Start With A Tight NDA

06/04/2014
As many of you know who follow this blog I have served in the past...
Disclosure / Enrolled Agent / Partnership / Small Business / Sole Proprietor / Sub-chapter S / Tax Guidance & Preparation / Tax Preparer
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Tangible Assets Used In Converting Corn To Fuel Grade Ethanol Are Properly Included In Asset Class 49.5

05/29/2014
A certain important person in my reality - my wife - is becoming increasingly interested...
Asset Classification / Depreciation / Husband/Wife / Tax Guidance & Preparation / Tax Problems & Requests / Uncertain Tax Position

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