Tax Law (Questions About Taxes)/Expert Profile


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Expertise

I can answer anything with regard to the following: Preparation/Tax Law regarding Individual Income Tax (IRS and California), Audit Representation/IRS Procedures of personal and corporate income tax including appeals, IRS Collection procedures for individuals, partnerships and corporations, offers-in-compromise, payment plans, penalty abatement etc.

Experience in the area

21 years in tax preparation and representation

Organizations

National Association of Enrolled Agents

Education/Credentials

4 years of accounting at Woodbury University/UCLA Extension

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Recent Reviews from Users

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    K = Knowledgeability    C = Clarity of Response    T = Timeliness    P = Politeness
UserDateKCTPComments
Jeanine11/13/0910101010thank you
Amy11/10/0910101010Thank you not only for answering so .....
Nick11/10/0910101010hardly seems fair Bruce, but it is .....
Sheila11/02/0910101010Thanks so much!
John11/01/0910101010Thank you for taking the time to .....

Recent Answers from Bruce W. Tyler, EA

2009-11-13 short sale:

Connie, Once the property is sold, there are 2 transactions. The first is the sale of the property which will result in a loss. The second is the possible cancellation of debt income. If the loan

2009-11-12 Officer Compensation:

Hi Shelly, We all make errors - if we didn't we would not be human. I am confused about a few things -- 1.I am not sure what you mean by "compensated herself without paying taxes on the compensation"

2009-11-11 tax breaks as legal guardian:

Scott, For 2009, you will be out of luck. However, for 2010, you can most likely claim the kids as dependents. Here is a link regarding the claiming of dependents that are not related to you: http://www

2009-11-11 Filing Insolvent:

Jeanine, Have an attorney review the loan docs on the rental to make sure the loan is non-recourse. Sometimes, if investment property, it can be a recourse loan (a purchase money loan is never recourse

2009-11-10 Filing Insolvent:

Jeanine, Depending on whether or not the loans are recourse or non-recourse loans, you may have a tax liability for the banks loss on the loans. There is also new legislation that, in certain circumstances

 

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