COVID 19 IRS UPDATE!

The IRS has just issued an update regarding installment agreements, offers in compromise, liens and levies and […]

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Avoid IRS Scams By Reading This Blog

The IRS has been using third party collection agencies for a little over a year to collect […]

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Lowering your AGI can help you reduce what you owe

There are a multitude of ways that you can lower your AGI during the tax year so […]

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SURPRISE! The Taxpayer Advocate says the IRS is bad at customer service

The Taxpayer Advocate, a division of the IRS, has issued a new report recently stating various ways […]

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Historic Building Owners May Qualify For a Rehab Credit

The 2017 tax legislation changed the rules on the rehabilitation credit for historic building owners. Form 3468 […]

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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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