And who would know if not the almighty IRS? So, let us visit www.IRS.gov and download the official Publication 535 conveniently titled Business Expenses. There, on page 3, we receive the much-appreciated legal guidance: To be deductible, a business expense must be both ordinary and necessary. If this is not clear enough, the ever-helpful IRS goes an extra mile to ..
In your dreams, buddy! Now, please, before you write me a nasty email, let me explain. I’m not being rude with you, and I’m not trying to rob you. My opening words simply reflect the attitude of the IRS. Part of this attitude comes from the tax law as written by Congress. The other part ..
[…] here is why. We recently mailed a package to one of our local but mobility-limited clients. 2-day Priority Mail. Houston to Houston. Six days later, this is what the USPS tracking system tol..
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[…] Andy must have read Napoleon Hill or Robert Kiyosaki and acquired “millionaire mindset” or whatever populist mantra they believe in. This is not my explanation, though. Here is mine, based on my 20 years of watching hundred..
[…] The very unfortunate result of this breach is that the IRS shut down their online Transcript download system indefinitely, until they can figure out how to make it more secure… If you need transcripts, you have to order them the old-fashioned..
[…] I just outlined 7 different deadlines, and each of them has its own rules when it comes to extensions. Paying 2014 taxes – you cannot get this deadline extended! From April 16, you start accruing penalties and interest, extension or not. Howe..