Mar 12, 2019
Have you ever heard about a tax strategy you thought was so crazy, it just might work? Here’s what we can tell you: If it’s illegal, the IRS has seen it before, and it’s only a matter of time before they catch on. Before you try your luck, let’s honor St. Patrick’s...
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Mar 9, 2019
A recent court ruling held that a jury award of tort damages (including interest) that a cattle and dairy farmer received in a stray voltage lawsuit were ordinary income which should have been included in the farmer’s taxable income; thereby increasing his taxes. An...
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Mar 4, 2019
Maybe you’ve been challenged to build stronger, lighter, faster, or more environmentally friendly, energy efficient, or automation-enabled. Perhaps the architectural design of the home is unique and requires outside-the-box building techniques or materials. Or maybe...
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Mar 1, 2019
You’ve likely heard the term “offshore accounts” – perhaps holding your money in one has been recommended to you before. The name may conjure images of the Swiss Alps or a sandy Caribbean beach since Switzerland and the Cayman Island are two...
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Feb 26, 2019
Feeling lost while navigating the new Tax Cuts and Jobs Act (TCJA) changes for business travel, parking and relocation? You’re not alone. Here are some of the top changes and what the IRS has to say (if anything) about them. Deducting Mileage The standard...
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