January 1, 2011

Manage your CDs

In these days of historic low interest rates, it’s hard to earn much on certificates of deposit. It is probably best to not lock all your […]
August 22, 2013

Didn’t pay IRS on time? You could get money back

The IRS is reviewed regularly by the Treasury inspector general for tax administration, also known as TIGTA. It was recently noticed that many taxpayers were charged […]
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 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 […]
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 22, 2013

BEANIE BABIES CREATOR GUILTY OF TAX FRAUD by John R. Bullis

Ty Warner, creator of Beanie Babies, has agreed to pay a $53,000,000 penalty after being accused of federal income tax evasion for failing to report millions […]
November 6, 2013

MINISTER HOUSING ALLOWANCES by John R. Bullis

Congress has special tax rules for ministers and clergy.  Internal Revenue code section 107 provides “…gross income does not include, in the case of a minister […]
November 26, 2013

INSTALLMENT SALES ARE USEFUL By John R. Bullis

INSTALLMENT SALES ARE USEFUL By John R. Bullis Installment sales are a useful tool in solving a number of problems such as business continuation, income tax […]