Are Your Business Expenses “Ordinary and Necessary”?
Echelon Blog, TaxesHey IRS, Everything I Do Is Ordinary And Necessary After decades of toiling away for The Man, unappreciated, underpaid, disrespected, and all […]
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Bosses Bearing Year-End Gifts
Echelon Blog, TaxesHey IRS, that is a gift from my boss, what do you mean it is taxable? After years of dedicated and mostly […]
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Late-Filing Penalties: RESISTANCE IS FUTILE
Accounting, Echelon Blog, TaxesTo err is human and to forgive is divine. So they say. But when it comes to taxes, you better beware of […]
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Payments in a New Year: When to Report the Income?
Accounting, TaxesWAIT A MINUTE!!! Why did I get a 1099 for monies I received in a following year? You did the work late […]
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WAIT A MINUTE!!! Is this 1099 Right?
Accounting, Echelon Blog, TaxesWhy you might get a 1099 for monies you received in a following year. The Issue As a CPA I come across […]
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What Does the Immortal Jellyfish and the IRS Have in Common?
Accounting, Echelon Blog, TaxesWhen the IRS needs to collect an outstanding tax liability, do they ever go away? I had never heard of the Immortal […]
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2021 Tax Tips: A Look at the Future
Accounting, Echelon Blog, TaxesThe end of the year always means the possibility of last-minute tax changes, and this year, that’s especially true. Here are some […]
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Yikes! I Got a Tax Notice In the Mail!
Echelon Blog, Running A Business, TaxesDon’t panic and don’t ignore a tax notice sent by the IRS. One of the great fears we all share is receiving […]
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Recordkeeping: The Key to Smooth Tax Transactions
Accounting, Budgets and Forecasts, Echelon Blog, Running A Business, TaxesWell-organized recordkeeping makes it easier to prepare a tax return and help provide answers if your return is selected for examination or […]
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A Blender & Tax Resolution
Consulting, Echelon Blog, Running A Business, Taxes, UncategorizedOne accountant’s reflection on what a 1960s blender and tax resolution services have in common. The Good Old Days When I was […]
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Taxation of Cryptocurrency and NFTs: New Rules Coming
Echelon Blog, TaxesCryptocurrency, a type of digital currency that uses cryptography for security and anti-counterfeiting measures and is not controlled by any bank or […]
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A Proposed Solution to Our Current Tax System
Echelon Blog, Law, TaxesIt’s time to take a fresh look at how we tax people here in the United States. While the IRS is a […]
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