Will The IRS Forget My Unpaid Taxes?
Will The IRS Forget My Unpaid Taxes? Most of us are tempted to save money. We work very hard to earn it and we don’t want to give it away…
Investment Strategy. Options.
Investment Strategy. Options. Important. This post is NOT investment advice. Investments in Etrade options are NOT FDIC-insured and may lose value all the way to $0. Buying puts/shorting a stock has…
Schedule C Expenses Disallowed
This is a brief based on a U.S. Tax Court memoranda from December 13th, 2021. On December 13, 2021, a judge (US Tax Court) ruled in favor of the Respondent…
Tax Problems?
An Enrolled Agent will take care of your IRS problems for you.If you received a letter from the IRS, you recommend contacting a tax lawyer, an enrolled agent, or a…
Options Trading.
Options trading can be very profitable, as well as very devastating
Tax Services Online
What’s new in 2020 tax? Let’s recap 2020 deductions from adjusted gross income: jury duty 199A deduction capital losses unemployment benefits repayments foreign housing (limitations applies) unreimbursed travel expenses (National…
Tax Deductions 2020
Energy credits for home and vehicle: (IRS source) Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles, including passenger vehicles and light trucks. For vehicles…
Tax Deductions for a Business
Tax Deductions for a Business Business Tax Deductions: Home Office Deduction. According to the IRC 26 U.S. Code ??280A, https://www.law.cornell.edu/uscode/text/26/280A home-office must be in connection with your trade or business (or with your…
