admin, Author at Bullis and Company

October 7, 2014

BUY YOUR PARENTS’ HOME AND RENT IT BACK TO THEM By John R. Bullis

This tax planning idea is not new, some folks have done it with benefits to the parents and the child. The parents can have cash without […]

October 7, 2014

The IRS is NOT calling! By Kelly J. Bullis

Since October has become the “scary month” I thought I would try my hand at telling you a scary story. You get a call from somebody […]

October 2, 2014

Warm Hugs = Smart Business

So… I have discovered a major down-side to spending a few days in Disneyland I know… I know… sounds like blaspheme lol But seriously! You get […]

September 9, 2014

IRA ROLLOVER RULES By John R. Bullis

If you have an Individual Retirement Account (IRA), you can withdraw some or all of the money anytime you desire. However, if you are younger than […]

September 2, 2014

SOME THOUGHTS ON SOCIAL SECURITY By John R. Bullis

I recently went to a special seminar on Social Security. The speaker was a retired manager with 35 years of experience working at the Social Security […]

August 3, 2014

TAX TIPS (and other stuff) By Kelly J. Bullis, CPA

72% of Obamacare Insurance Recipients May Not Get Subsidies Now THIS IS NEWS! The D.C. Circuit Court’s recent ruling against the IRS may spell the end […]

July 29, 2014

DOCUMENTING VEHICLE EXPENSES By John R Bullis

David H. Garza had vehicle expenses disallowed because he did not keep adequate records and evidence as Section 274(d) and the related regulations require. He did […]

July 8, 2014

Time To Be Positive By Kelly J Bullis

In a recent trip out of town, I found myself forced to face an ugly truth. I was beginning to let all the negativity in the […]

July 8, 2014

MINISTER HOUSING ALLOWANCE – WILL IT BE CHANGED? By John R Bullis

Ministers have a special tax benefit for the amount of Housing Allowance they receive. They can exclude from gross income for income tax purposes the rental […]