Okay. We understand that it is a public service announcement. But it is ironic that the IRS is providing recommendations to tax return preparers on protecting client information (IRS Publication 4557, … [Read more...] about IRS Public Service – Identify Theft Guidance
Archives for November 2015
Taxpayer Who Incorporated Business Could Not Deduct Business Expenses On Personal Tax Return
You’ve made your bed, now lie in it! This is the conclusion that the Tax Court came to in the case of (Rochlani v. Commissioner, TCM, Dec. 60,397(M)). The Taxpayers (husband and wife) had an … [Read more...] about Taxpayer Who Incorporated Business Could Not Deduct Business Expenses On Personal Tax Return
Scams on PA Business Owners
We have periodically reported about identify theft scams that focus on individuals. Business owners are also susceptible to these scams. … [Read more...] about Scams on PA Business Owners
Lesson Learned from a Billionaire
Bloomberg Business has reported that the estate of billionaire William Davidson has sued Deloitte LLP for $500 million (Aaron v. Deloitte Tax LLP, 653203/2015, NYS Supreme Court, NY County, … [Read more...] about Lesson Learned from a Billionaire
