Brewer, Eyeington, PatoutMay 27, 20215 minMaterial Participation Standard is the Key to Unlocking LLC Tax Losses Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity...
Brewer, Eyeington, PatoutMar 5, 20215 minHow Can Business Owners Lower Last Years Tax Bill?Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for...
Brewer, Eyeington, PatoutFeb 11, 20215 minBad Debts: What losses can you deduct and when?Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many years. Unfortunately, bad debt losses...
Brewer, Eyeington, PatoutApr 29, 20204 min4 Possible Reasons to File an Amended Return​The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act delivers good news to individuals and businesses, including...