by Leif Jensen | Apr 10, 2018 | General |
The Ho Chi Minh philosophy is as follows “Control all the villages and the city falls”. This philosophy would be utilized when you have a consumer product and you can’t get in front of the right people at the whale table. I was at a networking event and was...
by Leif Jensen | Apr 9, 2018 | General |
The fiction of the US filing their return on a postcard is not in the future, this despite the promises made by some key GOP taxwriters. In truth based on the new tax law only a few lines from the current Form 1040 will be eliminated next year. Granted many filers...
by Leif Jensen | Apr 4, 2018 | General |
In a recent tax case; claiming a large bad debt deductions lead an investor to some tax woes. The investor had his S corporation advance funds to small companies in return for financial control and a minority equity interest. Later, the S corporation claimed a...
by Leif Jensen | Apr 3, 2018 | General |
With the passage of the new tax bill Congress effectively killed the requirement for individual health coverage by repealing the penalties under the individual mandate for post-2018 years. But two fines for noncompliance with the employer mandate go up for 2018. Firms...
by Leif Jensen | Apr 2, 2018 | General |
Trump’s infrastructure initiative is missing a key piece: How to pay for it. The recommended solution is to raise the federal gasoline tax, which has remained steady at 18.4¢ a gallon since 1993. There’s a push by the U.S. Chamber of Commerce to hike the tax to 43.4¢,...
by Leif Jensen | Mar 28, 2018 | General |
Trump is again calling for increased oversight of paid preparers. The IRS is thrilled at the prospect. The Service has been asking for this ever since an appeals court struck down its regulations requiring unenrolled preparers to pass a competency exam and take tax...
