Tax Season
Tax time can be a stressful, overwhelming experience. It’s easy to forget important information and get confused by the paperwork. But with a few simple tips and tricks, you can…
Tuition Deduction C-Corp
T.C. Memo. 2022-19 Docket Nos. 4113-19, 4647-19. Filed March 9, 2022 The taxpayer claimed a business expense deduction for the C-Corp owners’ son-in-law (not an employee) for the costs of…
Using Tax Software to Do Your Taxes?
According to a US Tax Court case Docket No. 14085-20S, a taxpayer was using popular tax software to do their taxes. Nothing out of ordinary in this approach to taxes.…
What Affects OIC?
On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appealsabused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court…
Business Deductions Home Office Deduction IRS Letter Marriage, taxes Meals and Entertainment Deduction mileage travel expenses US Tax Court
Recent Tax Related Charges
Recent tax related charges and tax crimes
Taxability of Social Security Benefits.
Docket No. 13970-19 December 6, 2021 US Tax Court petitioner resided in Colorado and filed her petition with the court in order to issue a decision in regards to the…
2022 Tax Due dates
The IRS will send Letter 6419 (information letters) to taxpayers in 2022 with the total amount of advance CTC they received. To claim the third recovery/stimulus credit (if you have not received it), you’ll…
Business Deductions Home Office Deduction Investment IRS Letter Meals and Entertainment Deduction mileage travel expenses
Disallowing Deductions.
expenses requires corroborative evidence with a high degree of probative value to support such a reconstruction to show a high level of credibility.
Have you complied with the IRS notices?
According to T.C. Memo. 2021-141 Docket No. 20438-19L. Filed December 28, 2021, a taxpayer filed a Tax Court petition to review an IRS determination letter regarding a levy. The taxpayer…
Section 199A -Qualified Business Income Deduction
Section 199A -Qualified Business Income Deduction What businesses are eligible: available to individuals with Qualified Business Income C-Corporations and pass-through entities are not eligible. Qualified Business Income may be generated by Sole…
