This is a rhetorical question that many CPAs find themselves asking when preparing individual tax returns. Can a client take the losses reported on a K-1? This is not a simple yes or no answer when you are dealing with… Read More
There are a number of ways that one spouse may try to undervalue or hide assets from another spouse during a divorce, such as:
Collusion with an employer to delay the payment of bonuses, commissions, stock options, or annual raises… Read More
The new 2010 Small Business Act includes a wide-ranging assortment of tax breaks and incentives for small business. Here’s a list of the changes Anders believes will be of most interest to our clients:
Enhanced small business expensing/Section 179 expensing… Read More
If you own rental property, you may qualify for up to $25,000 in a special rental allowance. Interested?
To qualify for this $25,000 deduction, you must:
Own at least 10% of the interests in the rental property at all times… Read More