Complying with Tax Laws

Want to Deduct Business Clothing?

Want to deduct business clothing? Well, it ain't easy. The Tax Court has decided another case in an unfavorable fashion concerning a tax deduction for clothing for a Ralph Lauren salesman.  In Barnes v. Commissioner, [...]

Business Tax Planning|

The 2019 Taxpayer Roadmap

Ready for your 2019 Taxpayer Roadmap? You filed your tax return and paid the amount due (or received your refund). You are now done with the IRS. Maybe. Maybe not. If the IRS decides to [...]

Beware the 2019 Tax Scams!

Yes- beware the 2019 tax scams! Every year the IRS publishes its list of the "dirty dozen" tax scams. While many of these are familiar (as they have appeared in the past), it is important [...]

Small Business Start-Up Checklist

The following Small Business Start-Up Checklist is provided as a guide for those considering a new business venture. Prior to beginning any business venture, it is important to understand the challenges that lie ahead. http://scottestill.com/bsiness-start-4/ [...]

Business meals- are they still tax deductible?

Business meal expenses and tax deductions for businesses The 2017 tax bill impacted businesses in many ways, many positive.  However, one very negative feature of the bill was the elimination of a tax deduction for [...]

Business Tax Planning|

IRS Targeting S Corporations in new Audit Program

IRS Targeting S Corporations in new Audit Program The IRS has been targeting S corporations for many years, often to determine if the corporate shareholders are properly reporting all income on their personal tax returns. [...]

Tax Planning Tips for Businesses and the New Section 199A.

Tax Planning Tips for Businesses and the New Section 199A. The IRS has recently issued 184 pages of regulations concerning a few provisions of the brand-new (in 2018) Section 199A of the Internal Revenue Code.  [...]

Business Tax Planning|

Paying Management or Consulting Fees from one of your Businesses? Beware the Tax Rules

Paying Management Fees from one of your Businesses? Beware the Tax Rules A recent Tax Court case (Little Mountain Corporation v. Commissioner) had to deal with a family that owned several different businesses (with common ownership). These [...]

New Tax Issues for Online Retailers

New Tax Issues for Online Retailers If you sell any products (but not services) via your website, you may now have additional tax issues concerning sales taxes.  Considering the recent US Supreme Court ruling, online [...]

2018 IRS “Dirty Dozen” Tax Scams

Every year, the IRS posts its version of the "Dirty Dozen"- the 12 most prevalent tax scams out there for the year.  And this year is no different.  Following/implementing any of these scams is a [...]