Beware of Tax Scams
The IRS is warning taxpayers to be on the lookout for a surge of tax scams, as identity thieves send emails/texts promising tax refunds, credits, or offers to help “fix” tax problems. The aim is to …
Business and Rental Property Elections
Small Taxpayer Safe Harbor for Purchases of Tangible Property When you purchase an item for use in your business and it has an expected life of more than one year, you are required to capitalize the …
Rental Real Estate – Business or Safe Harbor
Rental real estate may constitute a qualifying trade or business for purposes of the qualified business income deduction if it meets the definition of a trade or business or meets the safe harbor …
Becoming a California Non-resident
You’re tired of paying income taxes in California and you want to move to a tax-free state. You should know that California will come after you and fight your desire to become a nonresident of …