May 2, 2019

Make Use of the Zero Percent Tax Bracket – By John R. Bullis

Yes, the tax laws are complicated.  But if you plan, you can achieve some good results. For instance, the qualified dividends (paid out of profits of […]
May 2, 2019

IRS Wrong to Deny Business Meals Deduction – By John R. Bullis

The Boston Bruins hockey team provided meals (and lodging) for all team members and the support staff for games they played out-of-town. IRS audited the income […]
May 2, 2019

Keeping a Record of Business Miles – By John R. Bullis

If you use your vehicle for business driving including driving to manage and care for your rentals, the “Standard Mileage” method will give you good tax […]
December 20, 2018

Buy Business Vehicle and Save Taxes – By John R. Bullis

IF you need a business SUV, van or crossover vehicle AND you need more tax deductions for 2018: 1. Buy and place in service by Dec. […]
November 28, 2018

Statute of Limitations is not Always Three Years – By John R. Bullis

The usual time IRS can audit a return is three years from the date the return is filed. However, if more than 25% of gross income […]
November 14, 2018

Divorces by Older Folks – By John R. Bullis

Divorce rates for folks over age 50 are increasing. That leaves less time to adjust and recover both financially and emotionally. Older folks may have decided […]
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 […]