by | Aug 13, 2018 | Uncategorized
The IRS has long had a fast track settlement program for large and mid-sized businesses to resolve outstanding legal and factual issues in contention through mediation. The IRS had started a similar program for small businesses and self-employed individuals and, over... 
by | Aug 13, 2018 | Uncategorized
General partners are subject to self-employment tax on their distributive share of partnership interest (Code Sec. 1402(b)). In contrast, limited partners are not subject to self-employment tax on their distributive share (Code Sec. 1402(a)(13); they only pay... 
by | Jul 11, 2018 | Uncategorized
If you use a car, light truck or van for business, you can claim depreciation in addition to your vehicle operating costs (gasoline, oil, repairs, insurance, parking and tolls allocated to business use) if that is more than the IRS’ standard mileage allowance, which...