When the case reached the Tax Court, IRS lawyers conceded that the cost was deductible. 2. That swimming pool Swimming pools have long been considered money pits but if you have a medical condition that requires a swimming regime then the cost of the pool just might qualify as a tax ...
…This would be bad news for tax lawyers and accountants. As some of the brightest minds in the country now devote themselves to crafting fiendishly clever tax avoidance schemes, though, imagine what an unexpected dividend would flow from redirecting all of that creativity to productive activities....
the QBI deduction is reduced (possibly to $0) for certain service-oriented business owners like doctors, lawyers, and accountants. The deduction might be limited for other businesses based on the W-2 wages they pay to employees and the basis of certain property they own. These...
if we go out [of the company] for advice, much of that expression of opinion is not privileged unless it's within very confined sort of parameters involving lawyers. And therefore there's a lot of concern about whether we…inadvertently will find ourselves in a position of having to ...
However, there is a possible conflict for the lawyers and tax consultants representing and advising clients in court procedures because they have, in this situation, a fiduciary duty to their clients and at the same time a duty toward non-aggressive legal interpretation. Kant is silent about a ...
estimate by the amount in state and federal taxes, including things such as social security payments. Therefore, it is critical to have a grasp on what your overall tax liability may be post-divorce well in advance of the divorce in order to really put the tax implications of divorce into ...
Amen brothers. Tax simplification is easy for you or I. It is hard for governments because on their backs they have an army of potentially unemployed lawyers and accountants. vas pup•February 10, 2023 4:21 PM Can’t pay, won’t pay!
I think that’s bad policy, but it would be far worse if Virginia politicians also asserted extraterritorial powers and said they could arrest me because I put a dollar in a slot machine during my last trip to Las Vegas. And if Virginia politicians tried to impose such an absurd policy, ...
Presumptive income for Professionals: Independent professionals such as doctors, lawyers, architects, etc. come under the presumptive scheme under section 44ADA. They have to pay the whole of theiradvance tax liability in one installment on or before 15 March.They can also pay theentire tax due ...
Note: Check out my article ontax-gain harvestingto see how he could have booked $21,000 worth of losses instead! Although VLCAX is a fine investment, he prefers VTSAX so after two months, he decides to sell all of his shares of VLCAX and use that money to repurchase shares of VTSAX...