Schedule A Audit

A client recently received an audit letter.  The IRS apparently did not like the fact that they were able to deduct medical expenses.   Now the letter stated that they were also looking into their charitable deduction and mortgage interest.  But the IRS receives...

W-9

With a quarter of the year remaining, now is the time to look towards the year end for tax issues and year end planning. First businesses should be making sure that they have valid up to date W-9’s for all of the Independent Contractors that they utilize.  I am also...

Business Entity

At times it seems that I have the same conversations over and over again.  This occurs when I am meeting with someone who wants to start a business and they already  have a preconceived business entity in mind.   For those who have been around the block a few...

Wasted asset

I have a client that is frustrating the hell out of me.  A couple of years ago the clients stopped receiving rent checks on their rental property so there was no return on investment (ROI).  I strongly encouraged them to address the issue immediately.   I was...

Yield

I have recently opened an account to start a dividend investment strategy.  The focus of this account is maximizing the yield of the account. One stock that I have in the account is Oxford Lane Capital; I bought a 100 shares at $109.48.  But I am currently looking...

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