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How the IRS interprets taxing rebates, points, and rewards can be confusing, at best. For example, your credit card rewards may be taxable income.…
Timber sale taxes are relatively obscure IRS and SALT taxes. These taxes apply to all taxpayers, whether they’re retired, aren’t business owners, or…
As adults, trust fund babies often face the limitations of complicated trust structures or find themselves the recipients of an incomprehensible…
Why protect your business from legal taxes? Simple. It’s almost immoral and should be illegal to pay all the legal taxes that assault your business,…
Federally Declared Disaster designation laws and TCJA of 2017 make claiming casualty loss tax deductions impossible for some victims of fire, flood,…
The SECURE Act Retirement Bill, passed in the House on May 16, 2019, and expected to make it through the Senate this term follows closely on the…
2019 QBI deductions and 199A regulations and guidance implementing QBI Section 199A deduction were released by the IRS January 18, 2019, and on April…
New 2019 proposed opportunity funds regulations hand over a set of keys, although some not as bright as others, that open gateways to the Land of OZ.…
A profit and loss statement (P&L) is one in the trio of financial statements which together can reveal what is, has and could happen to your…
FinCEN follows the money by looking at who does and doesn’t file an FBAR (FinCEN Form 114) directly to their agency, the Financial Crimes Enforcement…