Showing posts with label individual. Show all posts
Showing posts with label individual. Show all posts
Wednesday, April 29, 2026

Lost Records, A Dead Professional And A Tax Audit

›
  I admit I was suspicious when I read the following: The corporation had a bookkeeper during the years at issue, Robin Greenslade, who is...
Saturday, August 2, 2025

New Rules for 2026 Charitable Contributions

›
  I have been going through the provisions of the new tax bill (One Big Beautiful Bill Act), which I refer to as OB3 (Oh Bee Three). I like ...
Monday, June 30, 2025

An Ugly Case Over An Ugly Penalty

›
  You know that the IRS pays especial attention to foreign transactions of U.S. citizens. We are to report foreign bank accounts, for exampl...
Sunday, August 4, 2024

Section 1244 Stock: An Exception To Capital Loss

›
I was looking at a case involving Section 1244 stock. I remember studying Section 1244 in school. On first impression one could have expec...
Sunday, January 16, 2022

Mean It When You Elect S Corporation Status

›
I am looking at an odd case. I see that the case went to Tax Court as “pro se,” which surely has a great deal to do with its general incoh...
Sunday, December 15, 2019

Deducting State And Local Taxes On Your Individual Return

›
You probably already know about the change in the tax law for deducting state and local taxes on your personal return. It used to be t...
Sunday, September 29, 2019

Excess Business Loss Problems

›
To a tax accountant, October 15 signifies the extended due date for individual tax returns. As a generalization, our most compli...