RECENT TAX DEVELOPMENTS


Author BY ADMIN Tax

Individual Taxation: Digest of Recent Developments:    Sec. 183: Activities Not Engaged in For Profit In Phillips,1 the Tax Court denied business deductions a taxpayer claimed for vehicle, travel, meal, and rent expenses for his bowling activities, concluding that the taxpayer lacked a profit motive. The taxpayer reported no gross receipts from bowling and $28,243 in expenses o ....

EVERNOTE FOR TAXES?


Author BY ADMIN Tax

  With tax day quickly approaching, here’s a few quick tips on how to quickly manage and track your financial details with Evernote: In A Snap Use Evernote on your smartphone to snap photos of receipts, then tag each one with helpful information that describes the charge, like “Client Dinner” and “Nashville.” You can easily search by tag, vendor, or any informati ....

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