Showing posts with label itemized. Show all posts
Showing posts with label itemized. Show all posts
Sunday, October 1, 2023

A Current Individual Tax Audit

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  We have an IRS audit at Galactic Command. It is of a self-employed individual. The self-employeds have maintained a reasonable audit rate,...
Sunday, July 23, 2023

There Is No Tax Relief If You Are Robbed

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  Some tax items have been around for so long that perhaps it would be best to leave them alone. I’ll give you an example: employees deduc...
Monday, May 22, 2023

Tax Preparer Gives Gambler A Losing Hand

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  I am looking at a bench opinion. The tax issue is relatively straightforward, so the case is about substantiation. To say that it went o...
Monday, May 8, 2023

Penalty Abatement For Preparer Errors

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  I was looking over a law review article weighing the pros and cons of different types of Tax Court decisions. Nerd train, I admit. But...
Sunday, April 10, 2022

Losing Deductions By Not Filing A Tax Return

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I have become increasingly reluctant to accept a nonfiler as a client. That said, a partner somehow sneaks one or two a year into Command Ce...
Sunday, August 15, 2021

"I Never Heard Of The Alternative Minimum Tax"

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  I am looking at a case that involves the alternative minimum tax. While it still exists, much of the steam has thankfully been taken out...
Sunday, February 11, 2018

Saying Goodbye To Employee Business Expenses

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Let’s talk about miscellaneous itemized deductions - likely for the last time. These are the deductions at the bottom of the form whe...
Friday, August 19, 2016

Deducting Everything - The Tanzi Doctrine

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I admit: I got a chuckle from reading the case. The taxpayers (Tanzi's) are married, and for the year in question they were emplo...