by Pierre Philantrope | Sep 6, 2023 | Tax Tip
Taxpayers in many situations are receiving notices of tax due from the Internal Revenue Service after filing a tax return, when they did not file, when they did not pay, or when they fail to deposit employment tax (TFR- Trust Fund Recovery). Unfortunately, many...
by Pierre Philantrope | Aug 30, 2023 | Tax Tip
The ability to deduct the costs of your real estate seminars, boot camps , or similar expenses largely depends on the nature of your real estate activities. Are they considered a business or an investment? This distinction is crucial for understanding your tax...
by Pierre Philantrope | Aug 23, 2023 | Tax Tip
If you operate your business as a C or an S corporation, and if you loan money to the corporation or the corporation loans money to you, you need documentation that the loan is indeed a loan. With the S corporation, the loan that fails as a loan can result in taxable...
by Pierre Philantrope | Aug 16, 2023 | Tax Tip
Many taxpayers who live and work in various parts of the world, such as Switzerland, have concerns about their U.S. tax obligations. We want to alert you to the tax implications you might encounter as a U.S. citizen or resident alien living or working abroad. We are...
by Pierre Philantrope | Aug 9, 2023 | Tax Tip
This tax tip provides some crucial information on how to document expenses during a business travel. Corporation or proprietorship – If you operate as a corporation, the corporation should reimburse you for the travel expenses or pay for them directly. Remember,...
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