Why the Wait?
It’s only right that even the 2021 tax filing season start date has been postponed by the 2019 Coronavirus, but at least we know when it...
Will I Get Both Stimulus Checks?
Similar to the first stimulus package, the new stimulus bill will include a $600 direct payment to individuals who qualify. Again, a vast...
Start-Up Small Business – Part 3 – What Can I Expense?
According to the IRS, expenses available for deduction include: A business expense must be both ordinary and necessary. An ordinary...
IRS Continues Relief Efforts across the U.S.
It is common that in times of great disaster in the United States, that the IRS will lend a helping hand. This is typically in the way...
Time: The Biggest Issue for Small Business
The estate tax is colloquially called the “death” tax. It is a tax imposed on estates containing $5.49 million and up for single people...
Lately in Tax Court
The Tax Court ruled that a couple omitted a large sum of money from their tax returns for 2006, 2007, and 2008. The couple came from...
Don’t Blame Russia!
In a recent tax case, a tax judge and court said that you can’t blame the Russians for this. In the facts a wealthy decedent died leaving...
Common Mistakes on Tax Returns
In the day of electronic tax filings, people are still making mistakes on IRS forms. Some are completely inadvertent, while I suspect...
The Underused and Mostly Misunderstood Manufacturing Deduction
Manufacturing has been the back bone of the American economy for decades. Ford Motor, General Motors, and Chrysler are prime examples of...
One Billion Dollars
One Million People are abandoning over One Billion Dollars The standard deadline to file a 2013 IRS form 1040 was April 16, 2014, nearly...
