Pretty regularly, people come to us for help with an S corporation they've already set up. And that’s fine. We love helping small businesses. And … [Read more...] about Should You Use an S Corporation for a Sideline or Part-time Business?
Partial Dispositions and the New Tangible Property Regulations
The new tangible property regulations in effect for 2014 and later years mostly frustrate tax accountants and mostly confuse small businesses and real … [Read more...] about Partial Dispositions and the New Tangible Property Regulations
Revenue Procedure 2015-20 a Face Punch for Tax Accountants
Let’s get this out there first: The IRS had created a crazy situation. They’d changed the rules about how businesses and investors should account for … [Read more...] about Revenue Procedure 2015-20 a Face Punch for Tax Accountants
Are You Kidding Me? An Update on the TPR Accounting Changes Mess
I can't believe it. I really can't. After years of fiddling-faddling with the regulations for tangible property accounting—including lengthy … [Read more...] about Are You Kidding Me? An Update on the TPR Accounting Changes Mess
Why New Unit of Property Rules Are Important
2/17/2015 Update: Information about our e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. For 2014 … [Read more...] about Why New Unit of Property Rules Are Important
How to Prepare Form 3115 for the New Tangible Property Regs
2/17/2015 Update: Information about our e-book appears at the bottom of page—and that ebook has been updated to reflect Revenue Procedure 2015-20. You … [Read more...] about How to Prepare Form 3115 for the New Tangible Property Regs
How to Not to Become a Billionaire
Peter Thiel in his recent book From Zero to One makes a bunch of interesting, useful points about entrepreneurship. Thiel, as you may already know, … [Read more...] about How to Not to Become a Billionaire
Are One-person S Corporations Illegal?
A client came into the office the other day and mentioned she had heard one can’t use an S corporation for a one person business or for … [Read more...] about Are One-person S Corporations Illegal?
TPRs: A Guide for Small Businesses and Real Estate Investors
2/17/2015 Update: Information about our TPRs e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. Mid-year, … [Read more...] about TPRs: A Guide for Small Businesses and Real Estate Investors
Benchmarking for Better Financial Results
The American Institute of Certified Public Accountants (AICPA) just published a guest post (see here) I recently wrote about the online dynamic … [Read more...] about Benchmarking for Better Financial Results