by Pierre Philantrope | Jul 14, 2026 | Tax Tip
Millions of taxpayers either could not pay their taxes or failed to file their tax returns. The number increases every year. Furthermore, many taxpayers file their returns incorrectly. In these cases, the Internal Revenue Service (IRS) often sends a formal letter to...
by Pierre Philantrope | Jun 30, 2026 | Tax Tip
IRS tax problems could be extremely complicated. Many taxpayers attempt to resolve the problem themselves. In many instances, they make it worse because they do not know the procedures to resolve it. Some taxpayers just live with the problem for months and sometimes...
by Pierre Philantrope | Mar 12, 2025 | Tax Tip
In Warren v. Commissioner of Internal Revenue Service, T.C. Summary 2024-20, the Tax Court held that a taxpayer who purchased and renovated a single family home to open an assisted living facility (i.e., group home) while also employed full-time by Lockheed...
by Pierre Philantrope | Feb 5, 2025 | Tax Tip
Many married couples frequently ask the question: Should we file our tax jointly or separately? The answer: It depends. Taxpayers financial circumstances could be very different. There are many factors to consider to determine the filing status that could be more...
by Pierre Philantrope | Jan 8, 2025 | Tax Tip
Deducting your rental property tax losses against your other income is tricky, as you likely know. You have to get the tax law to treat you – let us say a computer engineer, a nurse – as a tax-code defined real estate professional. Assuming that the code...
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