by Leif Jensen | May 15, 2017 | General |
The IRS had to pay a penalty for disclosing a couple’s tax information. In spite of minimal damages the Service needed pay only $1,000 to each of them. After the IRS audited the couple, an employee unintentionally mailed pages of the report detailing the...
by Leif Jensen | May 10, 2017 | General |
S corporation shareholders may soon be getting a form to assist in figuring their tax basis. Owners of S corporations can deduct losses only up to their stock basis and loans they make to the firm. But the IRS knows that taxpayer compliance in this area is...
by Leif Jensen | May 9, 2017 | General |
I have a client who had an employee leave because they thought the office was too distracting. This is a creative company who has movies or music playing constantly in the background. While apparently finding this too distracting the employee apparently ignored this...
by Leif Jensen | May 8, 2017 | General |
This year we were hired to prepare the final return for an investment club. Once hired for the investment club return, we were asked by a couple members to prepare their individual returns, we offered to do any members personal return for our minimum fee. There were...
by Leif Jensen | May 3, 2017 | General |
In 2014 when Oculus VR was sold to Facebook for $2 billion, some asked: What if the people who backed the virtual-reality startup two years earlier on the crowdfunding site Kickstarter had received shares instead of T-shirts or VR headsets? The answer to the question...
