If a minor child earns income, is the income taxable to the parent or the child? There have been quite a few tax disputes involving this question. The Ray v. Commissioner, T.C. Memo. 2018-160 court case provides an opportunity to consider these rul…Read More
Tax benefits can cause investors to put money were they otherwise would not. The conservation easement is one example. Conservation easements reward investors with charitable deductions for putting money into projects that conserve real property. …Read More
Many businesses rely on a standby line of credit to cover their expenses, to weather downturns, and to grow. But this credit can be expensive in terms of interest and fees. The fees can be problematic as they may not be deductible for federal income…Read More
The IRS often challenges tax loss deductions. In many cases, it does so by challenging the year in which the loss is allowable. It can be difficult to determine which year the loss should be taken. When an asset is losing value over time, there is…Read More
If the employees and owners of a profitable C corporation set up a related entity and lease the employee-owner’s services back to the C corporation, can the C corporation deduct the payments? Taking it a step further, what if the related entity is o…Read More
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I had some big tax issues and I was unable to handle it alone. They helped me to settle all my tax problems. They were there all the way. I respect their professionalism and appreciate their commitment to their clients.
Great staff and very reasonable price! They were able to quickly understand the problem I was having and were very knowledgeable, they provided strong legal advice and were able to resolve my problem with a much better outcome than I expected.
I was getting Audited by the IRS and did not know what to do. I reached out to Mr. Patel, and I'm grateful I did. Together we worked out a plan to get it resolved, and I couldn't be happier with the result. Mr. Patel's knowledge in tax was truly an asset. I would recommend him to anyone facing any IRS or tax issues.
We found their services to be professional, speedy, and their rates are very reasonable for the wide array of tax services they provide. We were impressed with their knowledge of the inner workings of the IRS and complicated tax law and found them to be very trustworthy and ethical in a field where many other firms are just out to get your money. I would highly recommend their services and will definitely use their services again.
Kunal has been really helpful over the past few months in order to get me compliant per the streamline procedures. Kunal was aware of all the nuances related to FATCA and FBAR procedures and gave appropriate recommendation and advice. I would definitely recommend Kunal for future work related to tax advice or issues with compliance...