by Leif Jensen | Jul 8, 2024 | Rant |
There is a lot of current talk in regards to implementing a”Wealth Tax”. Here are some the key pros and cons of implementing a wealth tax: Pros: Reduces wealth inequality: A wealth tax could help address the growing wealth gap by redistributing assets from...
by Leif Jensen | Jul 3, 2024 | Running a Business |
If you own and run an S-Corporation you are supposed to pay yourself a reasonable salary. Granted the IRS does not define reasonable salary, but there should be a salary. I work with a client whose son-in-law is retired an receives no Social Security, he had run his...
by Leif Jensen | Jul 1, 2024 | General |
This year we have worked on more amended returns than ever before. We have picked up a few new temporary client ranks, because the clients rushed to do it themselves to come to us for the amended return. Now the software is not their friend, and that rogue K-1 is...
by Leif Jensen | Jun 26, 2024 | Rant |
I had an unusual request from the son-in-law of a client, they wanted copies of the client’s tax returns for the last couple of years. We followed up with the client regarding the request. We were initially concerned that the client might not be aware of the actions....
by Leif Jensen | Jun 24, 2024 | Rant |
Recently I was watching tv and the show had the MacGuffin that the SS office had processed the death of a client, who was obviously still alive. So nothing new or original, except the ass backwards way they attempted to correct the issue. They went to court instead...
