IMPROVING YOUR BUSINESS

People get into real estate for a variety of reasons. Consistently, though, I see these break down into one of two major categories:...

A lot of accounting for small businesses is straightforward. Most people who run a business understand how to keep track of cash,...

Right now is absolutely the best time to do your 2020 tax planning.

The Tax Cuts and Jobs Act (also known as the Trump tax reform) implemented Internal Revenue Code Section 199A, which offers a deduction...

Historically, the Internal Revenue Service has not made tax refund payments during government shutdowns. However, on January 7, the...

The IRS recently announced the standard mileage rates for 2019. For business travel using a passenger vehicle, the standard rate for will...

Is the date an IRS notice is mailed the relevant date? The IRS can’t seize property unless it gives a person notice in writing of a right...

A court rules that a taxpayer wasn’t in the business of flipping houses, so he couldn’t deduct expenses. The U.S. Tax Court has...

If you and your spouse are both employed, or you’re single and work more than one job, the IRS is urging you to check your withholding...

Part-time and seasonal workers are urged to check their tax withholding amount. Due to changes under the Tax Cuts and Jobs Act, the IRS...

Want to check out a nonprofit group before donating? The IRS just introduced a new online tool designed to provide faster and easier...

Ranching activities weren’t engaged in for profit in one situation. The taxpayer owned a profitable research and publishing business....

A taxpayer is denied charitable contribution deductions for cash donations to his church’s Little League team and weekly cash donations...

Are tax-related emails between an attorney, an accountant and their client protected under the attorney-client privilege? In a recent...

The IRS can piece together a taxpayer’s income and deductible expenses if it suspects the person didn’t correctly report them. That’s...

The U.S. Tax Court ruled that a corporation couldn’t deduct expenses for the purported rental of part of the home of its sole shareholder...

Starting on February 15, employers were required to begin using new federal withholding tables. These tables reflect the Tax Cut and Jobs...

How much mortgage and home equity loan interest can you now deduct? Prior to the Tax Cuts and Jobs Act (TCJA), you could deduct interest...

It isn’t always easy to tell what separates a strong tax advisor from a “just okay” tax preparer.  Here are a few things to look for....

Instead of looking backward when it comes to taxes, consider looking forward. On the one hand, tax compliance is retrospective in that it...