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April 15 around the corner It’s Master’s week. For a large number of golfers, this tournament, the first major of the year, gets the ball rolling for golf. Everything is perfect at the Masters. Augusta National Golf Club is among the most beautiful golf courses on this Earth. The flowers are perfect; there are always birds [...]
My intent this week was to continue writing on what a taxpayer should do if he or she receives an incorrect W-2 or 1099. However, the Internal Revenue Service has interrupted my plans. Since the first day I entered the tax business in 1978, the IRS has, off and on, announced plans to formulate a [...]
Fight for your freedom, rights A good friend of mine, Al Kraker, recently gave me a book authored by John W. Whitehead, executive director of the Rutherford Institute, entitled “Stand and Fight.” Whitehead, a constitutional attorney, founded the Rutherford Institute in 1982 with the mission of specializing in cases that involve the curtailment of [...]
Tax rebate for golf carts The amount of tax questions I receive on an ongoing basis is a sign of not only how complicated and convoluted our tax system has become, but also how often we think about our tax situations. The questions seem to have gotten a bit more complicated, too. Even though my [...]
Sub Chapter S Corporations This week, I would like to continue a discussion of the various entities that are available to taxpayers who are starting a business. In the past weeks, I have written that a Schedule C or Sole Proprietorship is one option. A second option is operating as a LLC or Limited Liability [...]
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