Potpourri of Tax Topics

/Potpourri of Tax Topics

Managing Cash Flow and Working Effectively with Banks: Part 1

By | June 20th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

This is an excerpt from a presentation I give to business owners about managing cash flow and working effectively with banks.

Does a Roth IRA Count as an Asset in Insolvency Calculation for Cancelled Debt?

By | June 16th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

Does a Roth IRA Count as an Asset in Insolvency Calculation for Cancelled Debt? Short answer is: yes.

From the Archives: Having Negative Taxable Income Doesn’t Mean the Government Pays You Extra

By | June 1st, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

The tax brackets stop at $0 of taxable income — having taxable income below $0 doesn’t mean your tax liability is a negative number or that the government “pays you more money.”

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From the Archives: Rental Properties and Basis Allocation

By | May 30th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

It's a holiday week so I'm re-posting popular blog posts from the past. This post from January 2013 deals with allocating basis in a rental property between the house and the land.

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If Newly Self-Employed, Beware of Self-Employment Tax

By | May 18th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

Self-employment tax is the bane of existence for many sole proprietors. And it’s often a surprise to people who are new to self-employment -- they file their tax return and find out that things often turn out much differently when you’re self-employed.

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