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Most Recent Posts

How to Ensure Your Small Business Maintains a Healthy Cash Flow

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.

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Married Couples May Save Thousands By Filing Form 1040 Separately For 2021

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.

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Major New York Landlord Tripped Up By Like-Kind Exchange Technicality

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.

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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.

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Edward Brown Constitution Ranger – Part I – The Appeal

Edward Brown Constitution Ranger – Part I – The Appeal

The court concluded that while being elderly is generally a mitigating circumstance for sentencing, that is because it typically reduces a person’s dangerousness and risk of recidivism. But Brown’s history and current statements and behavior belie those statistics in his particular case. As a result, while the judge might well have imposed a lesser sentence at resentencing, it was not unreasonable that he chose not to.

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Federal Prosecutors Coming Down Hard On Abusive Conservation Easement Promoters

Federal Prosecutors Coming Down Hard On Abusive Conservation Easement Promoters

Syndicated Conservation Easement (SCE) products aren’t produced in vacuums. there are teams of people constructing and assembling a variety of documents that support each fund’s capital raise. In the past, if one of those procedural links failed it was treated independently from the others. What this conspiracy case tells us is moving forward, is that each link infects the link it touches. That the whole chain will be viewed as corrupt.

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Innocent Spouse Loss Has Some Valuable Lessons

Innocent Spouse Loss Has Some Valuable Lessons

Robin signed the 2009 return. Robin did not sign the 2010 return.  Terry signed Robin’s name to the 2010 return.  The tab for tax alone was almost $90,000.  The address used on the return was the address of the family business and they did not forward mail to Robin.  Robin first learned of the deficiency when California garnished their wages.

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US v Harry Stonehill – America’s Jarndyce v Jarndyce

US v Harry Stonehill – America’s Jarndyce v Jarndyce

The three Freedom of Information Act (“FOIA”) requests at issue in this case are the most recent chapter in what is now over a half-century’s worth of litigation as Mr. Stonehill, and Ms. Stonehill on behalf of his estate, have sought to uncover the full extent of U.S. government involvement and conduct in those raids and the subsequent litigation.

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