Tax Blog
A. Sebastian, Entrepreneur
We run a mid-sized business and have several tax advisers. We hired Kreig to review their work, sort of as a second opinion. Our tax advisors were immediately impressed with Kreig and the value he added. Kreig was able to reduce our tax risk exposure d…
C. Klien, CEO
Skilled and reliable accounting and bookkeeping! I highly recommend them! BKPR can handle all your needs and flexible enough to fit your specific needs.
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Getting Started With Quickbooks Online
Getting started with Quickbooks Online. We get a lot of visors to our site for this search phrase. This is likely due to customers signing up with Quickbooks, following the tutorial to connect their bank account, and then wondering what they are to d…
Benefits of Working With a Bookkeeper
When you think of hiring a bookkeeper, you may be thinking that the value proposition is that they can get your transactions or data cleaned up. This is one of the benefits of working with a bookkeeper. Many smaller businesses operate without accurate …
The Cash vs. Accrual Method of Accounting
A business has the ability to record transactions on a cash or accrual method of accounting. This is one of the first accounting decisions a business has to make. It is also one that a business has to evaluate on an ongoing basis. The benefit of using …
Is Election to Waive NOL Carryback Irrevocable?
You have to be careful when electing to waive the right to carry back a net operating loss. This is particularly true if there are items on your tax returns from earlier years that the IRS may eventually adjust if audited. The Bea v. Commissioner, No. …
Is Election to Waive NOL Carryback Irrevocable?
You have to be careful when electing to waive the right to carry back a net operating loss. This is particularly true if there are items on your tax returns from earlier years that the IRS may eventually adjust if …
IRS Can Collect Father’s Tax Restitution from Son
The rules that allow the IRS to assess and collect criminal restitution as if it is a tax due present some unique questions. In Bontrager v. Commissioner, 151 T.C. 12, the court considered whether the IRS can assess and collect a father’s t…
IRS Can Collect Father’s Tax Restitution from Son
The rules that allow the IRS to assess and collect criminal restitution as if it is a tax due present some unique questions. In Bontrager v. Commissioner, 151 T.C. 12, the court considered whether the IRS can assess and collect …
IRS Appeals Guidance on In-Person Conferences
The IRS Office of Appeals has been making changes to how it conducts appeals conferences. In this past few years, these changes have made it difficult to obtain an in-person conference. The IRS recently issued interim guidance AP-08-1118-0013 to auth…