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IRS Online payment agreement

To expedite the collection process, and my opinion to deal with the IRS budget cuts.  The IRS now has an online payment agreement application. This is shown as a three step process: Determine eligibility:  Owe no more than $50,000 in combined tax, penalties and...

S-Corps and home ownership

It seems that the times dictate the questions have had a couple looking at having an S corporation to buy your main home. This has a few tax disadvantages.  First off shareholders cannot claim the home buyer credit on the residence, according to the Tax Court.  They...

IRS Online payment agreement

To expedite the collection process, and my opinion to deal with the IRS budget cuts.  The IRS now has an online payment agreement application. This is shown as a three step process: Determine eligibility:  Owe no more than $50,000 in combined tax, penalties and...

Health Care reform and no answers.

There are clients who are wondering if their health plan passes muster under the health reform law? Based upon the changes forced upon them by the carriers to the increased costs I tend to doubt it.  But getting the answers from the government is not possible yet. ...

S-Corps and home ownership

It seems that the times dictate the questions have had a couple looking at having an S corporation to buy your main home. This has a few tax disadvantages.  First off shareholders cannot claim the home buyer credit on the residence, according to the Tax Court.  They...

Health Care reform and no answers.

There are clients who are wondering if their health plan passes muster under the health reform law? Based upon the changes forced upon them by the carriers to the increased costs I tend to doubt it.  But getting the answers from the government is not possible yet. ...

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