by Leif Jensen | Dec 13, 2016 | General |
In a recent case a married couple had their gambling losses disallowed due to their shoddy recordkeeping. They were not able to use their gambling losses to offset winnings, according to the Tax Court. The couple worked as house poker players at a...
by Leif Jensen | Dec 12, 2016 | General |
The IRS is out there attempting to catch tax cheats. I just read about on way in which they were successful. The IRS has agents go under cover posing as prospective buyers of a taxpayer’s business. It seems that this was done in order to get the seller to reveal that...
by Leif Jensen | Dec 7, 2016 | General |
What is your management style? Long ago I was interviewing with a very timid Controller. I remember her as a very mousey person, very unsure of herself, especially since she was hiring a peer. If I remember it correctly she was going to become Treasurer and...
by Leif Jensen | Dec 6, 2016 | General |
We have had some clients pass recently. Some were surprises other were as expected and can be. What we all need to do is have a plan or as much of a plan as possible for these circumstances. There should be wills, trusts and estates set up and funded. ...
by Leif Jensen | Dec 5, 2016 | General |
Now that the election is over and all the liberals are complaining, there continues to be talk of moving out of the US. One if you can find a country that will take you. It is not as easy to setup a household in another country as you may believe. The US may...
by Leif Jensen | Nov 30, 2016 | General |
To incorporate of not to incorporate… If you are a “Trader” there are a number of issues that exist before you. One that may have the most impact on your tax situation may be where or not you incorporate or not. There are distinct benefits to...
