Most Recent Posts
Independent Economy Council Reports Many 1099 Workers Troubled By Tax Obligations
If an independent worker is somebody who earns money from working without getting a W-2 you could conceivably include partners in all sorts of professional firms, Donald Trump, Stormy Daniels and me. I bring up Stormy Daniels, because I covered a story on Stormy protesting a California law that might make it harder to classify, you know, entertainers as independent contractors when they worked in certain sorts of venues.

Watch That Last Minute Joint Return For Final Year Of Marriage
We really need to remember that when we are preparing a joint return that we have two clients. Particularly when it comes to the final joint return, we need to recognize that their interests might not be aligned. Make sure that both parties are aware of the implications of joint and several liability. And that joint filing is an election – not a marital vow.

Filing Separately For 2021 Tax Savings Who Is Missing Out?
My impression is that the people who are onto this this are small but not micro local firms who serve moderately prosperous people for whom a couple of thousand dollars is pretty meaningful. Much as I want to be true to my school, I have to say you might have more luck with an Enrolled Agent than a CPA, although we have Mike Sylvester there making us shine.

Worst And Best Book Movie Adaptations
After reading The Good Shepherd, I really thought it would be impossible to translate to the screen, but they actually did quite a good job. They change the romantic back story and cannot bring out a lot about Krause’s past, but the basic elements of the problems that he faces in command and his essential character come across very will. I really see why Tom Hanks wanted to do this film so much.

How to Ensure Your Small Business Maintains a Healthy Cash Flow
Even after running credit checks as discussed above, you can still take steps to ensure your customers pay you as agreed. One way to do that is to offer incentives such as discounts if they make early payments. This increases the chances that you receive payment immediately after closing deals even if you’re offering net-30 or net-45 payment terms to stay competitive.

Married Couples May Save Thousands By Filing Form 1040 Separately For 2021
I have spoken with a few practitioners who have found, when they looked at this that the negatives of separate filing swamp the credit savings. There is also a concern about getting paid for the extra work. It is clear that there is something worth looking at here. Unfortunately, retired as I am from active practice, I don’t have the right software to study the problem efficiently. The magic number seems to be a couple with adjusted gross income over $150,000 for both the child credit and possibly picking up economic impact payments.

Major New York Landlord Tripped Up By Like-Kind Exchange Technicality
I think it is rather unfortunate that neither the Tax Court nor the Second Circuit got to the substance of the arguments. What is supposed to happen if you by an undivided interest in real estate and all of a sudden you find yourself a partner in a partnership you did not know existed? Generally speaking you can’t become somebody’s partner without them letting you in and you can’t be drafted into a partnership.
Achieving Financial Health With a Personal Finance App
Today, more and more people are relying on personal finance apps to pay their bills and to keep track of their spending, and for good reason: those apps boast time-saving features that can end up saving you money and put you well on your path to financial freedom. So take time to compare what each app has to offer, and find the best one to help you reach your goals.

Circuits Split On Conservation Easement Perpetuity Regulation – Valuation Remains Critical
Oakbrook thus took the position that the land covered by the easement had appreciated in value by about 700% in a single year during the worst real estate crisis to hit the United States since the Great Depression.

Edward Brown Constitution Ranger – Part II – First Conviction And Ranger Handbook
The Hovinds did not get any of the conspiracy charges that hit the Browns. And oddly, despite a civil liability of over $3.3 million in tax and penalties for the years 1998-2006 there was no charge of evasion under 7201.