“No Mercy When Your CPA Doesn’tFile Your Tax Return” To get my complete, FREE articlewith all the details… Do you use a certified public accountant (CPA), or another tax professional, to prepare your taxes. If you do, you typically count on them to electronically file your return for you. But what happens if your tax pro fails to file your return? That’s when … [Read more...]
Important Update: New IRS Crypto Tax Reporting Rules on the Horizon
"Important Update: New IRS CryptoTax Reporting Rules on the Horizon" To get my complete, FREE articlewith all the details… The IRS unveiled a comprehensive framework outlining new tax reporting obligations for digital asset brokers, including trading platforms, payment processors, and wallet providers. Spanning over 280 pages, the proposed regulations … [Read more...]
Improper ERC Claim? Pay Back 80%, Keep the Rest
“Improper ERC Claim?Pay Back 80%, Keep the Rest” To get my complete, FREE articlewith all the details… Did you improperly claim an employee retention credit (ERC)? Well, if you expect the IRS to punish you with painful penalties, perhaps not. As things stand now, all you have to do is return 80% of the credit to the IRS and keep the remaining 20%, including … [Read more...]
Dutch-Treat Business Meals Are Back Again–But Beware
“Dutch-Treat Business MealsAre Back Again–But Beware!” To get my complete, FREE articlewith all the details… Let’s say you go out for a Dutch-treat lunch with a colleague. All is going well when you remember that deductions for your meal may be disallowed. This could happen thanks to the Sutter and Fenstermaker court cases. What is the Sutter all … [Read more...]
Can You Deduct a Real Estate Investing “Boot Camp?”
“Can You Deduct a Real EstateInvesting “Boot Camp?” To get my complete, FREE articlewith all the details… Here’s a version of questions I get very often at the Tax Reduction Letter. It concerns attendance at real estate investing boot camps, seminars, and the like: I am a full-time real estate investor. In May, I paid about $15,000 for a one-week boot camp. I … [Read more...]