by Leif Jensen | Dec 11, 2018 | General |
Succession planning for a business seems to be a major issue at the moment. I am working with five that are either in the process or have it as an issue to address in the foreseeable future. All five businesses have at least one adult children working in the...
by Leif Jensen | Dec 10, 2018 | Uncategorized |
After a recent tax court ruling a former country music artist is unhappy over the hobby loss rules after an appeals court disallowed her Schedule C losses from a music venue she owns. Among the factors that helped the court conclude she did not intend to turn a...
by Leif Jensen | Dec 5, 2018 | General |
Annual reports those little pieces of joy that are sent from the Secretary of State’s office every year. This past year we seemed to have dealt with client’s whose “Registered Agent” either themselves or another party, neglected to file the reports and have fallen...
by Leif Jensen | Dec 4, 2018 | General |
I was reading the WSJ online and saw another article that looked interesting so I went down the rabbit hole. I eventually stumbled into someone’s blog. This blog had some interesting points on brand marketing. Their idea was to leverage today’s marketing...
by Leif Jensen | Dec 3, 2018 | General |
A court win for an S firm owner whose tax reporting did not match the K-1 he got from the company. S corporation shareholders must report income and loss items on their 1040 consistent with what’s shown on the K-1 or attach a statement to the return identifying any...
