What is the best Business Structure to form If Any?
What I love most about Colorado, more than the 300+ days of sun every year and the glorious rocky mountains, are the people. Â For the most Coloradans are risk taking job creators, starting new...
View ArticleDefining Passive Activity Between Spouses – Beyond the Bedroom: What Is...
Defining Passive Activity Between Spouses – Beyond the Bedroom What Is Material Participation? Ha! One would imagine this is the script for a low-budget B-rated film by the title, but it is not. But if...
View ArticleSchumann v. IRS: Reg. 1.469-2(f)(6) – The Nuanced Relationship Between...
Schumann v. IRS: Reg. 1.469-2(f)(6) – The Nuanced Relationship Between Passive Losses & Self Rental Gains. Back to my friends that I previously wrote about who misunderstood passive activity and...
View ArticleCan You Establish a SEP Plan if you are a Sole Proprietor? What if that Sole...
Regardless of their nature or topic matter, off beat questions are one of the spices of life. When it comes to the realm of taxation generally speaking the answers frequently distill down to – it...
View ArticleBusiness Taxes Due Next Week – AVOID PENALIZATION – File An Automatic...
The Business and Partnership Tax deadline is coming up fast! Don’t sweat it! File IRS Form 7004 to apply for Automatic Extension of Time to File Certain Business Income Tax. If you happen to be...
View ArticleDefining Small Employer with Regards to Offering Health Insurance
Many business owners of all sizes have been posting to this blog lately with concerns about offering minimum essential health insurance coverage for their employees. It is indeed a complex topic...
View ArticleWhy to Revoke An S Election and How to Do It – Internal Revenue Code Section...
Many entrepreneurs get caught up in selecting the “most appropriate business structure” – particularly people planning to conquer the moon right out of the gate. If this is you beware as business...
View ArticleNonresident Partners and Shareholders of Colorado Partnerships and S Corps
The Colorado Department of Revenue revised its guidelines in FYI Income 54 regarding people who do not live in Colorado but are partners and/or shareholders of partnerships and/or S corporations in...
View ArticleBusiness Entity Selection and the Tax Consequences of Converting
For this post Brandon Rains, founder of the Rains Laws Firm and an expert on business formation espouses his observations about business entity selection and the tax consequences of converting....
View ArticleWhat is an FTE? What is a Seasonal Employee?
What is an FTE; what is a Seasonal Employee? My friend, confidant, mentor and expert in the procedural ramifications of ObamaCare, Cathy Asleson, founder of Nordyeast, Inc. got to talking with me...
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