by Leif Jensen | Apr 3, 2017 | General |
Are you paying alimony? Make sure to verify the language in your divorce agreement. The instrument cannot say the amount is nondeductible. Two taxpayers who were required to make payments to ex-spouses learned this lesson the hard way. The IRS reversed...
by Leif Jensen | Apr 2, 2017 | General |
With the new boxes on Form 1098, the IRS is collecting more data on home mortgage interest. Lenders must now report the amount of principal outstanding at the start of the year, the mortgage origination date and the address of the property securing the loan....
by Leif Jensen | Mar 29, 2017 | General |
It was determined in a recent court case that the IRS cannot collect back payroll taxes from a business owner’s father, at least in this case. The father, who informally helped out at a restaurant that was owned by his son, took it upon himself to sign four...
by Leif Jensen | Mar 28, 2017 | General |
I have written about Bitcoin in the past. How it is the currency of choice used in the marketplace for the dark web and other illicit online activities. But it seems that the odds are in favor a green light for retail trading of bitcoins on a major exchange....
by Leif Jensen | Mar 27, 2017 | General |
Do you use any of the preventive measures that are built into your smartphone to protect you from hackers? Since they are built into the mobile devices they do not cost you any extra money. First amongst them is the ability to use a PIN or fingerprint to lock...
by Leif Jensen | Mar 22, 2017 | General |
We just signed a new client. They were a referral from our banker. Apparently they were given two names and numbers, but the other CPA, could not even give the prospect the curtesy of a return call to let them know that they are not taking on new clients. They were...
