by Leif Jensen | Feb 27, 2018 | General |
Surprise two tax payer find that taking your C Corporation’s losses on your individual return is a no-no. Two brothers who were the sole shareholders in a regular C Corporation which operated a cattle business deducted the firm’s losses on their 1040 returns. The...
by Leif Jensen | Feb 26, 2018 | General |
Individuals can e-file their federal returns at no cost, no matter their income, directly with the IRS. The Service has two options. If your 2017 adjusted gross income was $66,000 or less, you can prepare and e-file your return with no charge by going to...
by Leif Jensen | Feb 21, 2018 | General |
I have a few clients with banking issues… One client’s bank is holding cash for 48 hours regardless of where the money is coming from, even another account at the bank. Think about it, you move money from one account to another on the banks website and can’t touch...
by Leif Jensen | Feb 20, 2018 | General |
Years ago you incorporated your business. Did you get the binder package for your corporate books and records? Hopefully your answer is yes and that you have been having your at least annual meetings and maintaining your books and records (B&R). But If I had to...
by Leif Jensen | Feb 19, 2018 | General |
As a licensed CPA, I am required to obtain 120 hours of Continuing Professional Education (CPE). Four of those hours also have to be in ethics. Beyond the ethics, the CPE can be on almost any topic. The ICPAS had a program before their Accounting and Finance Show...
by Leif Jensen | Feb 14, 2018 | General |
In today’s world you need to be able to control your domain. I know that there are those who believe that a Facebook page is more important to your business than a domain. I personally disagree with that. A Facebook page defiantly has its place in your marketing,...
