Have an IRS Audit? We Can Help
If you are like most people, the scariest words in the English language are “IRS audit.” Not “grim reaper,” not [...]
Deduct All Your Meals and Entertainment Expenses
Thanks to a recent decision by the Tax Court, we may be able to find new opportunities for you to [...]
Win Against the IRS
On the surface, your tax return looks neat and tidy. We put your numbers in the right slots, and our [...]
Child and Dependent Care Credit
You may be able to claim the child and dependent care credit if you pay expenses for the care of [...]
Avoid Filing Separate Partnership Tax Return
As you know, running a business often means filing a separate business tax return. But you may not be aware [...]
Related Party Transactions: Planning Around the Matching Rule
The related-party matching rule places your business on the cash method for deducting payments to related cash-method payees. You need [...]
Releasing Your Passive Losses
As you may know, the rental property rules have prevented you from deducting your passive losses in prior years. That’s [...]
Tax Benefits of Hiring Your Child
You can pay your child to work in your business and get paid for paying your child. The basic mechanics [...]
Avoid Recapture Tax When Selling Your Home
As you likely know, the depreciation you claim with your home-office deduction is subject to a recapture tax when you [...]
Get Tax Deductions by Renting Your Home to Your Business
We think you will find this story most interesting. It goes like this: Steve's tax professional tells him that IRC [...]