Beware the IRA Tax Traps: UBTI
Potential Taxes in Your IRA: UBTI Many IRA owners believe that all investment and other income earned in their IRA will not generate any current income tax bill. This is not correct. There [...]
Potential Taxes in Your IRA: UBTI Many IRA owners believe that all investment and other income earned in their IRA will not generate any current income tax bill. This is not correct. There [...]
IRA Tax Planning - Exceptions to 10% Tax on Early Distributions The following article and chart are courtesy of the IRS but offer a nice analysis of the options available to avoiding any extra [...]
IRS Wraps Up the "Dirty Dozen" List of Tax Scams for 2016 IR-2016-29, Feb. 19, 2016 WASHINGTON — The Internal Revenue Service today wrapped up its annual "Dirty Dozen" list of tax scams with identity [...]
Many new real estate investors struggle with the financial calculations needed to determine if a particular piece of property is a worthy investment. While there are many factors that go into this important decision, we [...]
The IRS has a new category of potential audit victims: the sharing economy. This "new" economy, at least according to the IRS, includes "websites and mobile apps such as Airbnb, Uber, Lyft, TaskRabbit and Handy [...]
Advice on hiring the right tax attorney to help you fight an IRS audit Scott M Estill Attorney and Counselor at Law Many Americans will face the IRS at some point in their lives. Over [...]
Taxpayer Bill of Rights: #1, The Right to Be Informed FS-2016-7, February 2016 In 2014, the Internal Revenue Service adopted a Taxpayer Bill of Rights (TBOR) that has become a cornerstone document to provide [...]