Showing posts with label cost. Show all posts
Showing posts with label cost. Show all posts
Saturday, February 8, 2025

A Call From Chuck

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I was speaking with a client this week. He told me that he recently retired and his financial advisor recommended he discuss a matter with m...
Monday, June 17, 2024

What Is Your Tax Basis When There Are No Records?

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  Since I started practice, there have been repetitive proposals to change the step-up basis rules upon death. With some exceptions, the gen...
Thursday, April 27, 2023

Losing A Casualty Loss

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  I have stayed away from talking about casualty losses. To be fair, one needs to distinguish business casualty losses from personal casua...
Tuesday, December 6, 2022

How A Drug Dealer Then Affects Marijuana Taxation Today

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  I spent substantial time last week reviewing and researching issues related to the marijuana industry. There is one Code section – Section...
Sunday, January 9, 2022

Starting A Business In The Desert

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  Tax has something called “startup costs.” The idea is to slow down how quickly you can deduct these costs, and it can hurt. Let’s take...
Saturday, June 22, 2019

Like-Kind Exchange? Bulk Up Your Files

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I met with a client a couple of weeks ago. He owns undeveloped land that someone has taken an interest in. He initially dismissed their ov...
Sunday, June 10, 2018

When Do You Really Start A Business?

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It doesn’t sound like much, but it can present a difficult tax issue. When does a business start? It helps to have sales. Sales ...