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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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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1031 Exchanges: People Don’t Plan to Fail
Commercial Real Estate, Echelon Blog, Investing, PlanningWith the majority of investment 1031 Exchanges failing every year, the primary reason tends to be lack of planning. For more than […]
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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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8 Things Business Owners Should Do in 2022
Business Development, Echelon Blog, Planning, Running A BusinessWith a new year upon us, it’s a great time to brush up on operations. Use your time early to take on […]
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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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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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Will the Federal Government Put Limits On 1031 Exchanges?
Accounting, Echelon Blog, Real Estate, TaxesA 1031 Exchange is a tax-advantage option in which a taxpayer can exchange one investment real property for another. Taxpayers are able […]
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