Jason Dinesen

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So far Jason Dinesen has created 866 blog entries.

Top 5 Blog Posts of 2018

By | December 26th, 2018|Categories: From the Archives|Tags: |

Time once again to recap the 5 most-popular blog posts on my website for 2018. #5: Do I Have to File a Tax Return After I Turn 72? (Last year: #2) An enduring favorite, first published nearly 7 years ago, about a myth that circulates around the internet that once you reach a magic age (most [...]

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Good Expenses Versus Bad Expenses

By | December 19th, 2018|Categories: Small Business Tax and Accounting|Tags: , , |

Just because money is going out the door, doesn't mean it's necessarily a bad thing.

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Do Landlords Need to Issue 1099s? An In-Depth Look, Part 6

By | December 18th, 2018|Categories: Potpourri of Tax Topics|

So far we’ve filled 5 parts of this series and reached no definitive conclusion. One can make educated guesses, and one can use the NIIT regs to say “only” real estate professionals have a trade or business. In closing, I want to discuss why there isn’t better guidance out there on this. It would be a [...]

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Do Landlords Need to Issue 1099s? An In-Depth Look, Part 5

By | December 18th, 2018|Categories: Potpourri of Tax Topics|

Before we go any further, let's go back to the beginning and the whole "the ACA said landlords had to issue 1099s and then that got repealed" thing. What was the ACA really trying to change? If we look at committee notes on the ACA legislation, it seems like what Congress was trying to do was [...]

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Do Landlords Need to Issue 1099s? An In-Depth Look, Part 4

By | December 18th, 2018|Categories: Potpourri of Tax Topics|

Let's recap what the issues are when determining if a rental owner needs to issue 1099s. Section 6041 deals with issuing 1099s. Section 6041 and the related regulations simply say "trades or businesses" need to issue 1099s. No definition of "trade or business" is given.Trade or business status with rentals has typically referred to Section 162. [...]

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