Umbrella Policy Is Helpful When You Are Sued and the Dollar Limit of your Original Policy has been Exhausted Background If you are sued and the dollar limit of your homeowner’s or general … [Read more...] about Get Your Umbrella (Policy) Before Disaster Strikes
Archives for December 2019
How to Compute Cost Basis of Stock – Acquired Years Ago
How to Proceed When You Sell Stock Acquired or Inherited Many Years Ago and You Need to Know Its Tax Basis Background You decide to sell securities (“stock”) that you acquired 20 years ago or … [Read more...] about How to Compute Cost Basis of Stock – Acquired Years Ago
Individual (Responsible Person) Is Personally Liable for Company’s Tax Liability
U.S. Supreme Ct. Wayfair Nexus Decision and Responsible Person Rules – Employees Can be Personally Liable for their Company’s Uncollected Sales Tax on Interstate Sales Background If you are a … [Read more...] about Individual (Responsible Person) Is Personally Liable for Company’s Tax Liability
IRS Lacks Authority to Deny Disbarred, Suspended and Sanctioned Tax Preparers to Prepare Your Tax Returns
Disbarred Attorney Allowed by Law to Prepare Income Tax Returns If a tax preparer fails to file his/her federal income tax returns, fails to remit the taxes due, willfully fails to sign a tax … [Read more...] about IRS Lacks Authority to Deny Disbarred, Suspended and Sanctioned Tax Preparers to Prepare Your Tax Returns