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| Expert | Average Ratings | Expertise |
|---|---|---|
Mike WellmanU.S.
Available
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I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size. I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All others will be referred to the question pool. | |
Richard StolpU.S.
Available
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My expertise is in collecting past due taxes and tax returns. Wage and bank levies, liens, Offer in Compromise, late filing. I spoke with over 20,000 people concerning their issues while I worked at the IRS (just retired). | |
OWEN S. ARNOFF, EAU.S.
Available
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As an Enrolled Agent, I am fully capable of providing tax advice as it relates to personal and business income taxes. Enrolled Agents are the only Federally Authorized Tax Practitioners and are admitted to practice before all administrative functions of the IRS. My specialty is working with small business owners who file Schedule "C" and helping them to structure their business in such a way as to maximize as many tax advantages as possible. I also enjoy working with individuals who have both routine as well as complex tax situations. Members of the National Association of Enrolled Agents must complete a minimum of 90 hours of Continuing Professional Education in Taxation every three years. This puts us at a tremendous advantage when it comes to providing outstanding and up-to-date tax planning and advice. Although I am licensed to handle and do, in fact, work with Non-Profit Organization compliance (Form 990 series), Trust/Fiduciary Returns, and Estate & Gift Tax Returns, I prefer to concentrate on individuals and small business tax planning. |
Flip: If you file as "Married, filing separately" you will lose half of your standard deduction and it will increase your taxable income. I hope this answers your question. If not, feel free to
So, I assume you are in sales. I would ask the other sales people how they do it. My experience says that many companies just put it on your W2, but I would ask one of your colleagues how they handle it
Hi Lyn, You have two years to apply the profit from the sale of the house towards buying another house, but the house was only refinanced. Sometimes the income is handled as gift - incurring taxes after
In that case, Bill, you are limited in your deduction. Your deduction would come in on Schedule A as a miscellaneous itemized deduction, subject to the 2% AGI limitation. The same rules for depreciation
Bill: If you are in the business of trading (or your LP is in the business of trading) and it is a regular occupation or purpose, then you could certainly deduct the cost of the computer (as you indicate
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