by Leif Jensen | Nov 8, 2021 | Taxes |
S corporations’ owners can blunt the impact of the 3.8% surtax on unearned income. Shareholders who materially participate in the S corporation’s operations generally aren’t subject to the 3.8% surtax on their allocable share of the firm’s income or on distributions...
by Leif Jensen | Nov 3, 2021 | Tax Court, Taxes |
We are all aware that the IRS uses ratio analysis to determine further scrutiny for their investigations. So taking higher-than-average deductions on Schedule A is an audit red flag if your write-offs are disproportionately large when compared with income reported on...
by Leif Jensen | Nov 2, 2021 | Tax Court |
It’s seems the government can garnish a criminal’s 401(k) to pay restitution, according to an appeals court. A man who pled guilty after embezzling money from his employer was sentenced to prison and forced to pay monetary restitution under the Mandatory Victims...
by Leif Jensen | Nov 1, 2021 | Estate Planning |
I have to say, I get my motivated to accomplish some tasks done in the oddest ways. I have had a client pass earlier this year and their spouse had been handed a mess. There was no will or trust in place. There was property in three states. To make matter more...
by Leif Jensen | Oct 27, 2021 | Economy |
The battle has begun for the next frontier of the industrial revolution, mineral rights. Mineral rights for specific minerals will be the driving force in the next level of the information and transportation revolution. Were you aware that there has been a 500 to...
