Material 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...
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Brewer, Eyeington, Patout
- Mar 5, 2021
- 5 min
How 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...
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Brewer, Eyeington, Patout
- Feb 11, 2021
- 5 min
Bad 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...
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Brewer, Eyeington, Patout
- Apr 29, 2020
- 4 min
4 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...
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