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How Do You Know if the Electronic Efile was Accepted?
As an Authorized ERO (Electronic Return Originator), we receive notification from the IRS on a Form 9325. IRS Publication 1345 is periodically updated but no changes have been made in over 4 years. The latest IRS Revenue Procedures (rev procs) refer to it: “The ERO must, at the request of the taxpayer, provide the Declaration…
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Office in Home Deduction
HOME OFFICE DEDUCTION Do you have an area of the home you use exclusively for business? If so, the following information is needed: Square footage of area used exclusively for business Total square footage (excluding garage) Electric, gas (not water) Maid service if it includes the office Home insurance or Renters insurance Portion of DSL used for business If you…
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Hello World!
Welcome to IRSTaxTalk.com, our blogging website. Please visit our main website www.USATaxHelp.com Thank you and please feel free to comment. […]Read More… from Hello World!
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If I’m doing business as an LCC, what am I called?
Owners of LLC’s are called members. The person in charge is called the manager or managing member (if it is a multiple member LLC). […]Read More… from If I’m doing business as an LCC, what am I called?
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Cost Segregation
COST SEGREATION = TAX SAVINGS Cost Segregation is a VERY BENEFICIAL tax angle used by real estate owners to ACCELERATE DEPRECIATION deductions. In the past it was primarily used by large accounting firms and larger clients. The ability for smaller building owners to utilize these techniques is now becoming popular. It takes an engineering study and…