by Leif Jensen | May 4, 2015 | General |
With the current budget cuts in place, the IRS has curbed some of its criminal investigations. Most of the agency’s investigative priorities have been affected, including identity theft, international operations and money laundering schemes plus suspicious refunds and...
by Leif Jensen | Apr 27, 2015 | General |
Having an S-Corporation rent realty to a related company may not net a tax break. The owner cannot always use the rental income to offset other passive losses, according to the Williams case in which two people set up an S corporation to rent real estate to their...
by Leif Jensen | Apr 22, 2015 | General |
I have a client who was having some financial challenges. The couple had over extended themselves and created a harmful tax liability, all while being taxed at a high marginal tax rate. So at one point the couple’s family tried to help. But with one hand they giveth...
by Leif Jensen | Apr 21, 2015 | General |
I have a client that was flabbergasted by the response from a candidate for a newly crated CEO position. As a small company looking for future growth they pulled together a package that was modest in the beginning but became much more generous as the position...
by Leif Jensen | Apr 20, 2015 | General |
This tax season was a bit of an eye opener. There were a few clients that had received an additional PIN number from the IRS because their privacy had been compromised. We were also made aware of a client whose employer’s information was compromised and they would be...
by Leif Jensen | Apr 14, 2015 | General |
I work with a sub-lessee of some space. Their agreement is up shortly and it looks like they will be staying put. What makes this amusing in my mind is that the lessee and the sub-lessee have been in the same space for over ten years. The amount of money spent in...
