Comprehensive Tax & Legal Solutions

Month: March 2019

IRS expands leniency on filing

The first tax year under 2017’s Tax Cuts and Job Creation Act has left a lot of taxpayers and tax professionals confused and frustrated. Now with the April 15 deadline just around the corner, the agency announced that it would again expand the threshold for penalties...

What is the tenant improvement allowance?

Residential rental properties will often get a fresh coat of paint before new tenants move in. Commercial spaces, however, will often need more work to accommodate the unique needs of the business tenants. This is generally paid for through a tenant improvement...

Americans feel obliged to pay taxes

The IRS has seen its’ staff size shrink, which has led to a mere .6 percent chance of a taxpayer audit. There is a President of the United States who brags about how little he pays in taxes. Nevertheless, the IRS’s annual survey says that Americans not only pay their...

Leaving a bequest to a pet

Fashion designer Karl Lagerfeld is famous for his influential work over a long and storied career before dying on February 19 at age 85. He continues to make news from the grave with an extravagant but not surprising bequest to his Birman cat, Choupette, of a portion...