California LLC Laws And IRS Identity Theft Reporting
A discussion on the tax history of LLC entities in California as well as information on the IRS’s Fraud Reporting Division
How to Organize a Seminar or an Event
By Matt Bacak Seminars and events have always been implemented as a holistic experience for participants. Thus, organizing a seminar an event requires extensive planning and preparation with most work implemented at least a few months before the actual event. Most of the time, seminars seem to run like clockwork with all events flowing smoothly…
Real Estate Agents are Same as Brokers for “Real Estate Professional Rule” for Passive Losses
Real Estate Agents are Same as Brokers for “Real Estate Professional Rule” for Passive Losses Taxpayer victory in Tax Court Real estate agents can claim the real estate professional exception to the passive loss limitations. The I.R.S. tried to argue that the taxpayer needs to be a “Broker” not a just an “Agent” to meet…
10 Tips to Reduce Your Tax Burden
10 Tips to Reduce Your Tax Burden Updated: 1/3/13 With the start of a new year, tax season will soon be upon us. For 2012 returns, the tax filing deadline is April 15, 2013. Now is a good time to look for tax reduction strategies in preparation for filing your tax return. Here are ten…
Avoiding the AMT Trap
Avoiding the AMT Trap Updated: 10/23/2014 More and more taxpayers are finding a hidden tax on their individual tax returns. The alternative minimum tax (AMT) attempts to ensure that high income individuals who benefit from the tax advantages of certain deductions and exemptions will pay at least a minimum amount of tax. This tax was…