Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code [...]
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code [...]
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code [...]
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code [...]
Disclaimer: Do not make tax planning or preparation decisions based on this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code can [...]
While this is an important topic for any taxpayer selling a home, it comes up frequently in military tax situations due to relatively frequent moving. On social media many well meaning folks will give you answers to this question that are incomplete at best and sometimes outright wrong. If you’ve asked this question on social [...]
Choosing a tax professional can be difficult. Deciding to hand your financial information and personal information out to anyone can be worrisome. But also trusting someone to help get your tax filings right can be difficult, especially since mistakes can result in penalties and additional costs, perhaps even a blemish to your “permanent record”. If [...]
This topic comes up quite often and the answer, just like many tax questions, is it depends. As your tax return prep becomes more difficult, the more likely you should engage a tax professional. Often there is a triggering point that causes someone to consider engaging a tax professional. The taxpayer starts a business or [...]
In Part A we covered a Single Member LLC (SMLLC). In Part B we discussed a Multi-Member LLC (MMLLC). In Part C, the final part, we are discussing S corporations. When you have an LLC it is possible to elect S corporation status. When you do this you are choosing to be treated as a [...]
In Part A we covered a Single Member LLC. This part will be about a Multi-Member LLC (MMLLC) and this part is more complicated than Part A. Disclaimer: This discussion is incomplete. It does not cover all situations and scenarios. This article is providing information and that information is not intended to be applied to [...]
