Evan Kirkpatrick
A Note on Mileage Rate Increases and Tracking Your Mileage
The IRS recently announced the standard mileage rates for 2019. For business travel using a passenger vehicle, the standard rate for will...
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Evan Kirkpatrick
- Oct 6, 2018
- 2 min
Keep Calm and Carry On (Fundamentals of Business #7)
If you start or buy a business, it’s virtually certain that something significant is going to go wrong almost immediately. You’ll have a...
30 views
Evan Kirkpatrick
- Sep 18, 2018
- 2 min
Seize the Day (Fundamentals of Business #6)
We are only offered so many opportunities in life to do the big things we want to do. This can be difficult to accept sometimes. Our...
12 views
Evan Kirkpatrick
- Aug 6, 2018
- 2 min
Do Your Due Diligence (Fundamentals of Business #5)
Few things are irreversible until you quit your job or sign a loan. It’s critical to take advantage of the time before these steps to...
15 views
Evan Kirkpatrick
- Jul 30, 2018
- 3 min
Have a Plan - Here's How (Fundamentals of Business #4)
Last time we talked about the reasons to have a plan before you start your new business venture. But what does planning actually look...
16 views
Evan Kirkpatrick
- Jul 5, 2018
- 1 min
Relevant Date of an IRS Notice
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...
18 views
Evan Kirkpatrick
- Jul 3, 2018
- 1 min
Real Real Estate Business?
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...
29 views
Evan Kirkpatrick
- Jun 23, 2018
- 2 min
Have a Plan - But Why? (Fundamentals of Business #3)
Plans are important. Jumping in without a plan will most likely spell disaster for a new business. The processing of planning can help...
20 views
Evan Kirkpatrick
- Jun 19, 2018
- 1 min
Multiple Jobs in Household? Check Withholding Amounts
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...
21 views
Evan Kirkpatrick
- Jun 14, 2018
- 1 min
Part-Time or Seasonal? See Withholding Calculator
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...
6 views
Evan Kirkpatrick
- Jun 5, 2018
- 1 min
Check Out This Checking Out Tool
Want to check out a nonprofit group before donating? The IRS just introduced a new online tool designed to provide faster and easier...
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Evan Kirkpatrick
- May 29, 2018
- 1 min
Ranch for the Right Reasons
Ranching activities weren’t engaged in for profit in one situation. The taxpayer owned a profitable research and publishing business....
12 views
Evan Kirkpatrick
- May 16, 2018
- 2 min
Have the Drive (Fundamentals of Business #2)
Running a business is hard. Don’t get me wrong - almost all jobs are hard. Running a business is a different kind of hard than being an...
12 views
Evan Kirkpatrick
- May 9, 2018
- 3 min
Be the Best (Fundamentals of Business #1)
Whether you’re thinking about starting a business, in the process of starting a business, or considering a new offering or shifting...
14 views
Evan Kirkpatrick
- May 8, 2018
- 1 min
Charitable? Prove it
A taxpayer is denied charitable contribution deductions for cash donations to his church’s Little League team and weekly cash donations...
6 views
Evan Kirkpatrick
- Apr 12, 2018
- 1 min
Such a Thing As Accountant-Client Privilege?
Are tax-related emails between an attorney, an accountant and their client protected under the attorney-client privilege? In a recent...
14 views
Evan Kirkpatrick
- Mar 15, 2018
- 1 min
Support Your Tax Amounts (or the IRS May Do It for You)
The IRS can piece together a taxpayer’s income and deductible expenses if it suspects the person didn’t correctly report them. That’s...
4 views
Evan Kirkpatrick
- Feb 28, 2018
- 1 min
Documentation Needed for Rent Deductions
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...
4 views
Evan Kirkpatrick
- Feb 27, 2018
- 1 min
New Federal Withholding Rules in Effect
Starting on February 15, employers were required to begin using new federal withholding tables. These tables reflect the Tax Cut and Jobs...
1 view
Evan Kirkpatrick
- Feb 13, 2018
- 1 min
TCJA Imposes Limits on Mortgage and Home Equity Loan Interest Deductions
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...
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