by Leif Jensen | Jun 1, 2010 | General |
A colleague of mine has just had me review a lease for her. She will be renting out some additional space that she was not utilizing. So she will be bringing in a respectable amount that will now be offsetting other expenses. She is doing what most of us should be...
by Leif Jensen | May 31, 2010 | General |
I have been reading Carl Hiaasen’s fictional works for years. I enjoy the cynicism and the fact that there are no redeeming characteristic in any character; hero, heroine or villain. For some reason I have never read any of his non-fiction works before. But with his...
by Leif Jensen | May 31, 2010 | General |
I had great hopes for this book. But it is a slow slog through the tome. There were surprisingly few tidbits that I was able to glean that were new. Nor can this book really be used to to teach/assist others in truly reading offices or homes. I recommend a...
by Leif Jensen | May 30, 2010 | General |
A client asked me what happens when you sell your home for a loss. Now I know that if you sell a home for a gain and are married you can exclude $500,000 of gain ($250,000 if single). My initial thought ran to schedule D and the loss would be limited to $3,000 a...
by Leif Jensen | May 26, 2010 | General |
Apparently a number of restaurants failed to file form 8027 (Annual Information Return of Tip and Allocated Income). Big shock there; people paid in cash not wanting to report it. More and more I am liking the 17% cash tax (this is a sales tax for all cash...
by Leif Jensen | May 26, 2010 | General |
The IRS continues to look for unrecorded income. Big shock there. One place that they are looking is small colleges and universities. It seems that 50% of school with less that 5,000 students failed to file their 990-T. This is required for stadium advertising,...
