Category: Home Office Deduction

Recent tax related charges and tax crimes

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…

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…

expenses requires corroborative evidence with a high degree of probative value to support such a reconstruction to show a high level of credibility.

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…

S-Corp Reasonable Compensation ins and out There is a lot of misconception on how to pay yourself that Reasonable Compensation when your company is an S-Corp. There is a big struggle to…

HSA as a Tax Savings Strategy. Tax Saving Strategy I’m sure you have heard of HSA as a tax savings strategy. Now, let’s talk more about it, in case, you…

Financial Planning Doesn’t Start One Day Before the April 15th Tax Filing Deadline. Is it April 15th and you are dragging your tax files to your accountant, thinking, I wish…

Foreigners Investing In Real Estate in the U.S. Tax Implications When Foreigners Investing In Real Estate in the U.S. The tax would be reported to the U.S. because the property…

As you already know, the Tax Cuts and Jobs Act removed personal property from the deferred tax treatment for like-kind exchanges. In most real-estate exchanges some amount of personal property…