You probably know that forming a business entity is one of the easiest ways to protect yourself as an owner from business liabilities and you are probably aware that some tax benefits can flow […]
In a previous post we covered a method available to transfer real property without probate called the Arizona Beneficiary Deed. The purpose of the beneficiary deed is to allow the owner to retain control […]
The IRS announced today the filing deadlines for the 2015 tax year. The IRS will begin accepting 2015 returns on January 19, 2016. S-Corporation and Partnership Returns are due on March 15, 2016. Extension […]
Congress did it. Over 50 tax provisions expired at the end of 2014, including accelerated depreciation provisions, child tax credits and earned income credit allowances. And for the past 11.5 months we’ve been in […]
A commonly overlooked issue in estate administration is the filing of the decedent’s final tax return. Even if there are no assets to administer, a person may have had substantial income that requires reporting […]
Believe it or not, if you owe back taxes, you may be prevented from traveling abroad. How is that possible? Well, on December 4, 2015 President Obama signed legislation passed by Congress that gives […]
The latest from Congress on the tax front left me shaking my head to say the least. In a recent transportation bill that cleared both the House and Senate, the requirement was inserted that […]
In June of 2015, the IRS acknowledged that over 100,000 tax payers information had been stolen from IRS databases and used to file over 13,000 fraudulent returns, resulting in more than $39 Million in […]
The Federal Trade Commission has been on a hot streak recently in obtaining judgments against dishonest debt collection agencies, resulting in restraining orders halting operations and ordering repayment for affected consumers These judgments highlight […]
One of the most common letters our clients receive from the IRS is a penalty assessment letter associated with their business entity. And the good news is that the penalties can often be waived. […]