Articles

The Kiplinger Tax Letter Recap

David
July 19, 2018
Taxes

DONATIONS: If you are 70 1/2 or older, consider making the donation from your IRA. You can transfer up to $100,000 annually from a traditional IRA directly to a charity. The charitable transfers count as all or part of your required minimum distributions, but unlike other IRA pay

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5 of the Biggest Bookkeeping Woes

David
July 5, 2018
Taxes

Very few people love bookkeeping. What a shame. However, if you do love bookkeeping then you should get out of your business and be a bookkeeper. Otherwise, get out of bookkeeping and focus on your business. (more…)

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Selected 2017 Tax Court Cases

David
June 19, 2018
Taxes

THE GOOD. Minority interest in surgery center:The court allowed the taxpayer to report income earned through his minority interest in a surgery center as passive income not subject to the self-employment tax. Acting on his CPA's advice, the surgeon reported his income from the

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Unregulated Tax Preparers: Taxpayers Beware!

David
May 30, 2018
Taxes

I was talking to a new client earlier this week about getting her tax information to me, so I could prepare her last three years of tax returns. (Stop snickering!) My client told me that her prior “CPA” had her records but that she had disappeared. (more…)

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