New Tax Law Business Entities

I had the great fortune to have attended a Jesuit high school and a Jesuit college. Central to that unique education was the belief that we should delay having an opinion about anything until we carefully study it and consider its issues, pray for understanding and...

New Tax Law Depreciation

Several months ago, I wrote an article describing hobby losses. Briefly, losses in a business or investment are generally deductible unless the IRS argues it was a hobby.  Whether we have a business or a hobby depends on whether we have a genuine intent to make a...

New Tax Law

As we all know, Congress just passed and President Trump just signed a massive new federal tax law. The law contains a number of provisions that will affect many if not most of us. Unfortunately, the press has decided to report on this new tax law from a political...

Health Insurance

Health Insurance Health insurance is costly and people without it are often forced into bankruptcy after a medical emergency.  If you are able to find an affordable health care plan with reasonable premiums and deductibles, consider enrolling.  If not, look into a...

Will planning

So today is New Year’s eve.  I’m sure most of you have big plans for this evening-parties, drinking, celebrating till late night to welcome in the new year.  Tomorrow I’ll bet many of you are hung over with headaches and perhaps slightly blurred vision. I offer my...

Obamacare penalties

It’s official, friends, the Grinch who stole Christmas has just arrived—and in a very big way. The IRS has now begun a significant effort at forcing employers with 50+ employees to become compliant with the mandates of Obamacare.  Companies are receiving notices from...

Criminal taxes

The most terrifying words in the English language are: I’m from the government and I’m here to help.”  Ronald Reagan One of the roles of a tax attorney is to represent clients in criminal tax cases.  Most people are aware that not filing a tax return and not paying...

Gifts to charity

GIFTS TO CHARITY HELP! You’ve heard the expression, pigs get fat and hogs get slaughtered.  Nowhere is that more true than in gifts to charity.  Years ago people made large gifts of cash and property to public and private charities and received full deductions.  Then...

Stop Emailing !!!

Before you Press “Send” One of the most famous books ever written was “How to Win Friends and Influence People” by Dale Carnegie in 1936. The book sold 30 million copies and is considered one of the most influential books of all time.  It was so popular that it became...

Abusive IRS Agents

I recently had the great misfortune of dealing with an IRS agent that I had never dealt with before. She was located in a different state and was responsible for handling a novel legal issue that had never been considered before. I had never met this woman before....