October 31, 2018

Miscellaneous Deductions for Non-Grantor Trusts and Estates – By John R. Bullis

Beginning in 2018, individual taxpayers do NOT get deductions for miscellaneous itemized deductions on Schedule A of form 1040. The Tax Cuts and Jobs Act of […]
October 24, 2018

Planning a Successful Retirement – By John R. Bullis

The traditional retirement planning is not helping folks develop a written plan for non-financial aspects according to Robert Laura. Traditional planning is getting the Will and […]
October 17, 2018

Some Year End Tax Planning Suggestions- Individuals – By John R. Bullis, CPA

The new tax law that applies for 2018 and later years has several changes for you to consider. Maybe the best suggestion is to get a […]
October 11, 2018

Combat-Injured Disabled Veterans NMay Be Due A Refund – By Kelly J. Bullis, CPA

Few things bring tears to my eyes faster than sitting down with a disabled combat vet and hearing their story. These folks have seen it all, […]
October 11, 2018

Failure To Keep Business Records Can Be Expensive – By John R. Bullis

Mr. Najafpir was audited by IRS and found to have under reported the gross receipts from his sole owner business of a California smog check station […]
October 11, 2018

Fraudulent Form 1099-Misc Damages – By John R. Bullis

Dr. Nicholas Angelopoulos (Dr. Nick) received an IRS Notice in 2011 for additional income taxes in 2007 based on form 1099-MISC sent to him. The form […]
September 26, 2018

Keeping a Record of Business Hours can be Important – By John R. Bullis, CPA

Robin Robison and Shane Robison have a 500 acre ranch in southern Utah. He was a successful computer science executive who earned over 10 million in […]
September 20, 2018

IRS Sticks It To High Tax States – By Kelly J. Bullis, CPA

Title: IRS Sticks It To High Tax States There are only a very few times that I find myself cheering for the IRS. This happens to […]
September 20, 2018

When Does a Business Activity Begin – By John R. Bullis, CPA

Tax Code Section 195 covers when a business begins and when the expenses are deductible. Mr. H. Samadi claimed business driving expenses in 2013 and 2014 […]