A rental real estate activity is subject to the passive loss limitation rules. Thus losses from this type of activity may be restricted, meaning that a taxpayer often cannot use the losses to offset … [Read more...] about REAL ESTATE PROFESSIONAL – NEED A LOG BOOK?
WHERE IS MY TAX REFUND?
You filed your tax returns and have anxiously been waiting for your refund. You may be asking yourself: “Where is my refund? Why hasn’t my refund been sent to me?” One reason that the issuance of … [Read more...] about WHERE IS MY TAX REFUND?
TELECOMMUTING – MULTI-STATE ISSUES FOR EMPLOYER & EMPLOYEE
The tax issues related to individuals who telecommute (work from their home for their employer) are complex. This posting addresses the tax issues associated with employees who telecommute, not those … [Read more...] about TELECOMMUTING – MULTI-STATE ISSUES FOR EMPLOYER & EMPLOYEE
INVESTING IN REAL ESTATE – HAVE YOU DONE YOUR DUE DILIGENCE?
Every year we learn that a client or two has invested in rental real estate when sending us his tax information to prepare his personal tax returns. Rather than consulting with his tax professional … [Read more...] about INVESTING IN REAL ESTATE – HAVE YOU DONE YOUR DUE DILIGENCE?
RETIREMENT CRISIS – ARE YOU PREPARED?
If you are using your tax professional only for tax preparation services, you are short-changing yourself. An experienced tax professional is an excellent resource for tax planning strategies and … [Read more...] about RETIREMENT CRISIS – ARE YOU PREPARED?
INSTEAD OF SKYPING WITH YOUR FAMILY & FRIENDS, WHAT DO YOU THINK ABOUT SKYPING WITH THE IRS?
IRS To Make Changes in Correspondence Exam Process The IRS has conducted a comprehensive review of its correspondence exam process and is planning to make several changes, all of which are … [Read more...] about INSTEAD OF SKYPING WITH YOUR FAMILY & FRIENDS, WHAT DO YOU THINK ABOUT SKYPING WITH THE IRS?
