Our Blog

Limiting Personal Liability by Creating a C Corporation

Business owners often use C corporations as a means of limiting personal liability. Typically, the owners attempt to shield their personal assets from business related liabilities.

How the IRS Proves Fraud and Why It Can Be Devastating

In general, a tax assessment by the IRS is presumed to be correct. A taxpayer can overcome the presumption with proof. That situation is reversed when the IRS asserts fraud. In those instances, the IRS must prove, by clear and convincing evidence, that fraud exists.

Avoiding Passive Losses

Since the Great Recession of 2008, the nation’s rental market has been an economic bright spot for investors. The median rent for a new apartment climbed to $1,372 last year, a 26% increase from 2012.

Financial Benefits from Hiring Your Children

It can be difficult in the current job market for young people and recent college graduates to find full time and summer jobs. Business owners with children in this situation may be able to provide them with valuable experience and income while generating tax and financial savings for themselves.

Court: No Pay for Employees Monitoring Electronic Devices during Lunch

Court: No Pay for Employees Monitoring Electronic Devices during Lunch Return to Blog A federal district court recently sided with an employer in a dispute

Repossessing Investment Property Sold in a Seller-Financed Deal

Let’s say you sold investment real estate in a seller-financed installment sale transaction. Later, you’re forced to repossess the property because the buyer fails to meet his payment obligations. What are the federal income tax consequences of the repossession? This article will provide the answer.

Be on “High Alert” for Scams from Those Claiming to be from the IRS

The Treasury Inspector General for Tax Administration (TIGTA) urges taxpayers to be on “high alert” about IRS employee impersonators. According to TIGTA, since October 2013, thieves have stolen millions of dollars from taxpayers believing the fraudulent calls saying that they owed the government money and cash needed to be sent immediately.