Wealth Tax

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...

S-Corporation payroll

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...

Amended returns

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...

Adult children

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....

Pin It on Pinterest