by Leif Jensen | Dec 7, 2021 | Tax Court |
Individual members of a bankrupt LLC catch a break from a district court. The bankruptcy trustee can’t recoup payments the owners got from the firm, even though the payments were made within two years prior to the bankruptcy filing. The payments constituted...
by Leif Jensen | Dec 6, 2021 | Running a Business, Taxes |
There is a new law changing the 1099-K reporting rules which should hike compliance requirements in this area. What is a 1099-K??? This form endeavors to ensure that all online retailers are reporting sales for tax purposes. It requires credit card companies, such as...
by Leif Jensen | Dec 1, 2021 | Running a Business, Taxes |
Are you a gig worker? Do you have a side hustle to make yourself some extra cash? Do you know that you are supposed to report that cash to the IRS as reportable income and possibly pay self-employment taxes on those monies? The IRS wants to raise public awareness of...
by Leif Jensen | Nov 30, 2021 | General, Uncategorized |
Apartment rents are rising across the nation as tenants return to cities and soaring home prices push many would-be buyers out of the market. One data provider shows the median rent for a one-bedroom apartment is up 9.2% since the second quarter of 2020. Two-bedrooms...
by Leif Jensen | Nov 29, 2021 | General |
The coronavirus pandemic was listed, to be the overwhelming cause for the surge in US for gun sales; attributed to fears around social unrest and crime and, in some cases, people having more time for hunting. But now ammunition had quickly been depleted into short...
