Reporting Cash Payments over 10K

The IRS requires taxpayers to report cash transactions over 10k. If it is in the form of […]

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Special Tax Rules for Military Personnel

The IRS has special rules for military personnel when they prepare their taxes and here is a […]

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Understanding the new 1040 form for 2018

The brand new 1040 form both simplifies your return, but also complicates it in the sense that […]

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The mousetrap of refunds during tax season. When choosing the wrong tax preparer can really hurt you.

I’ve discussed the perils of using the wrong tax preparer before in a former blog, but I […]

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Can you take advantage of the new 199A 20% deduction if you have a rental real estate business?

I discussed earlier the new 20% deduction for businesses under 199A https://cothlaw.com/cothlaw-blog/new-business-deduction-20-of-qualified-business-income-may-be-available-to-you/ The rental real estate enterprise […]

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What is the IRS doing now that we have a government shutdown??

Happy New Year! Well, the good news according to news sources is that you will still get […]

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IRS has changed excess business and net operating losses

What is an excess business loss?  To determine an excess business loss, you look to the extent […]

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Special Rule in 2018 For Required Minimum Distributions for Certain Retirees

In most cases, retirees who are 70 1/2 must make required minimum distributions by the end of […]

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Identity Theft and the IRS: What options do you have when you are a victim of identity theft?

Identity theft comes in all shapes and sizes and I’ve seen it all in my practice. Typically, […]

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Employers who provide paid family and medical leave can take advantage of a new tax credit!!

The credit will be available from the 2017 tax year and be phased out currently in the […]

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