Tax expert Vern Hoven, CPA, MT, discusses President Trump's business tax proposals, which include five significant areas of business tax reform.
Vern Hoven addresses top scams aimed at tax preparers and their clients including phishing scams, phone scams and identity theft. You'll learn how to protect yourself and your clients.
Why are there a requirement to report foreign assets and why are the penalties so high? We're going to take a look at two regimes on reporting foreign assets.
If we have any area that is causing a little bit of consternation for tax preparers, it is in the area of self-directed IRAs.
In a divorce, if the division of the marital assets is a non- taxable event. The problem is when it says it's a not-taxable event, it's treated like a gift. Most certainly it isn't a gift.
We could deduct the cost of goods sold because we have court cases. We can't deduct the selling cost and the travel and the entertainment and the other below the cost of goods sold by deduction.