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Tax Law (Questions About Taxes)/Expert Profile
Expertise
Federal and State Income taxes I do tax returns for partnerships and C corporations I am well versed with State Franchise taxes for CA, CT, FL,NY,TN,TX.
Experience in the area
Eight years as tax manger for a real estate company
Publications
Florida CPA
What do you like about this subject?
the opportunity to save money legally by being creative
What do you still hope to achieve/learn in this field?
keep up dated with the constant changes in this field`
Something interesting about this subject that others may not know:
Tenneesee' Franchise tax paid by corporations and most unincorporated entities is based on the book value ot the assts of the entity; no deduction is allowed debts including mortgages, in effect taxing companies that own real estate at a much greter rate than most other states.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response T = Timeliness P = Politeness| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Steve | 11/16/09 | 10 | 10 | 10 | 10 | Ivan Roth's response was timely, concise, and ..... |
| jane | 11/16/09 | 10 | 10 | 10 | 10 | |
| Denver | 11/04/09 | 10 | 10 | 10 | 10 | Ivan, This has been an issue of ..... |
| Steven | 10/20/09 | 10 | 10 | 10 | 10 | |
| Cathy | 10/17/09 | 10 | 3 | 10 | 10 |
Recent Answers from Ivan Roth
2009-11-11 business v. commuting mileage & related expenses:
Hi Steve the rule is that any travel over 50 miles is not considered commuting if the travel is under 50 miles the first and last trip are comuting also any over night stay on your trips would be
2009-11-08 Business Travel Expenses:
Hi Anita sorry for the delay in answering if this location is less than 50 miles from your home it would not qualify as a temporary residence Also be sure the lease is for a short period of time
2009-11-02 Tax Responsibilty:
Hi Denver as long as you do not spend more than 182 days in CA you will be taxed as a CA non-resident only on CA earnings however if you are trapped by the warm weather and spend more than 182 days
2009-10-20 tax implications of partnership loan interest:
Hi Steven if the partner contributes capital then the partnership agreement would have to be followed relating to partner's draws also watch out for the IRS rules regarding implied interest, ie, if the
2009-10-09 business taxes:
Hi Alice sorry for the delayed answer. Yes you need to have a proofit then you must file quarterly estimated taxes and add 15% for the self employment tax do not forget to ask your subs for a W9 so
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