by admin | Jul 20, 2022 | Tax
Judge Juan Vasquez in TCM 2022-55 has given us an opinion that has the elements of a really good novel. It is an innocent spouse case. The innocent spouse aspect is rather interesting, but the story of what created the deficiency is even more intriguing. ...
by admin | Jul 17, 2022 | Tax
A large part of my career was dedicated to full tax service for high net worth clients – a sort of family office lite. The clients didn’t like the term family office though, so we didn’t use it around them. One of the things we focused on was...
by admin | Apr 24, 2022 | Tax
Stop the presses. Reports are in that tax compliance is more challenging for “independent workers” than for W-2 employees. The Independent Economy Council (IEC) released its survey of 1,003 individuals who earn the majority of their income from...
by admin | Apr 22, 2022 | Tax
This is not about what I see as the most underreported tax story of 2021 – people who can save thousands from filing separate returns and avoiding credit phaseouts. You can read about that here and here. This is for the people who year in year out are...
by admin | Apr 21, 2022 | Tax
I recently wrote about the phenomenon of married taxpayers filing separately in order to avoid phaseout of recovery rebate and child credits. I picked up on the story by following #TaxTwitter, where tax pros go to commiserate. My sources on the tax press have...
by admin | Apr 15, 2022 | Tax
The pressure on married couples to file joint returns is so strong that I am considering an addition to Reilly’s Laws of Tax Planning – Joint filing is an election. It is not one of your marital vows. It has generally been a harmless delusion for the...
