Posted by taxguru on September 23, 2004
Sherry has posted another warning for our Realtor clients on how important it is to be aware of when a client should consider disposing of a property as a tax deferred 1031 exchange. It is not an exaggeration to say that sellers who are not informed of 1031s will be upset next tax time and could actually sue the Realtor, and even their tax advisor, for not recommending it.
Posted in 1031 | Comments Off on
Posted by taxguru on September 23, 2004
Schedule C-EZ Change Means Time Savings for Small Businesses – While more small businesses will now qualify for this EZ form, I will continue to suppress the form from my software. Just as with my opposition to e-filing, it is my firm belief that being able to itemize detailed descriptions of expenses on a tax return, rather than having to lump them together, is a way to minimize the potential for a return to be selected by IRS for an audit.
Posted in Uncategorized | Comments Off on
Tax Guru - Ker$tetter Letter 