Showing posts with label employee. Show all posts
Showing posts with label employee. Show all posts
Sunday, January 19, 2025

Is This Reasonable?

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  I have long maintained that the IRS is unreasonable by repeatedly disallowing reasonable cause exception to its numerous penalties. Their ...
Sunday, September 22, 2024

Caleb William’s NFL Contract

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  It may be that the NFL saved him from bad tax advice. We are talking about Caleb Williams, the 2024 NFL number one overall draft pick by...
Monday, June 26, 2023

Failing To Take A Paycheck

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I am looking at a case involving numerous issues. The one that caught my attention was imputed wage income from a controlled company in the ...
Sunday, March 26, 2023

Renting a Home Office To An Employer

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A client asked about the home office deduction last week. This deduction has lost much of its punch with the Tax Cuts and Jobs Act of 2017...
Tuesday, January 24, 2023

A Ghost Preparer Story

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  I came across a ghost preparer last week. I rarely see that. A ghost preparer is someone who prepares a tax return for compensation (m...
Saturday, November 19, 2022

Can A Severance Be A Gift?

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I am looking at a case wondering why a tax practitioner would take it to Tax Court. Then I noticed that it is a pro se case. We have tal...
Sunday, September 19, 2021

Receiving An IRS Lock-In Letter

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  A client recently picked up his personal tax return. He asked to see me. There was tax due with the return. I thought he had adjusted hi...
Sunday, June 20, 2021

Downside Of Not Issuing 1099s

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Let’s be honest: no one likes 1099s. I get it. The government has conscripted us – business owners and their advisors – into unpaid volunt...