admin, Author at Bullis and Company

January 1, 2011

Watch out for bad tax preparers

What does it take to prepare a tax return? It’s simple, right? Just follow the instructions the IRS publishes for each form. You don’t want to […]

January 1, 2011

Time to Start Cleaning up… How to “Merge Accounts” in QuickBooks

As we approach the end of the year many of us are beginning to get a nasty feeling that keeps nagging: “…dang! It’s already September?!?! I […]

August 21, 2013

The Great Drought Of 2013

We should be so thankful that the federal government is so fast at responding to our every need! It is so good that I recently learned […]

September 3, 2013

Save Tax By Giving Charities Appreciated Assets

One of the special tax benefits you could consider is to give appreciated assets (stocks, real estate) to charity instead of writing them a check. Suppose […]

September 8, 2013

Co-Signing Usually Hurts Seniors

You know what gets me mad? What makes me want to run up to the top of “C” Hill and scream at the top of my […]

September 17, 2013

REAL ESTATE PROFESSIONALS NEED A LOG OF TIME SPENT FOR RENTAL LOSS by John R. Bullis

Peter Hofinga and his wife Margaret Wong lost their U.S. Tax Court case to deduct rental losses on their returns. They did not prove he spent […]

September 24, 2013

Big Deductions For Buying New Heavy SUV For Business Use by John R. Bullis

Congress is very open handed with the tax deductions for business owners that buy a new, heavy SUV before the end of the year. The combination […]

October 2, 2013

U.S. CORPORATIONS USE IRELAND TO SAVE INCOME TAX by John R. Bullis

It has been going on for several years. U.S. corporations have subsidiaries in Ireland and report big profits there. The basic tax rate for corporations in […]

October 14, 2013

Open House And NevadaDay Celebration Event

Join us as we celebrate Nevada Day and the Grand Opening of COUNTRY Financial Agent: Jim Gray’s new office Enjoy a night of Beer Tasting, Live […]