by Pierre Philantrope | Aug 10, 2022 | Tax Tip
In Pediatric Impressions Home Health, Inc. v. Commissioner (T.C. Memo. 2022-35), the Tax Court held, on April 12, 2022, that a corporation engaged in the business of providing at-home private duty nursing services to children with special needs misclassified...
by Pierre Philantrope | Jul 20, 2022 | Tax Tip
Do you own a corporation, limited liability company (LLC), limited partnership, limited liability partnership, limited liability limited partnership, or business trust? Or are you planning to form one of these entities? If so, be alert! There is a new federal filing...
by Pierre Philantrope | Jul 13, 2022 | Tax Tip
There is much to learn for the new business owner from Gregg M. Kellett’s court experience (Gregg M. Kellett, T.C. Memo. 2022-62). In 2013, while working for the Bloomberg Industry Group, Kellett purchased the vizala.com domain name and formed Vizala, LLC of which he...
by Pierre Philantrope | Jul 6, 2022 | Tax Tip
Cryptocurrency such as bitcoin is all the rage these days. Crypto is not legal money. It is property, similar to gold. Like gold, its use can result in taxable income. The IRS is concerned that you and millions of Americans are using crypto without paying tax on the...
by Pierre Philantrope | Jun 1, 2022 | Tax Tip
The Internal Revenue Service will send notices to taxpayers in many situations after filing a tax return or when they did not file. Unfortunately, many taxpayers ignore the notices to their detriment. There are millions of taxpayers who have received math errors...
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