Ice, Ice Baby and the Accession to Wealth
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Ice, Ice Baby and the Accession to Wealth

Clarice’s grandma left her an old wooden box full of recipes and a set of antique furniture. Clarice was excited to see the exact recipe for her grandma’s famous apple pie, but, to her surprise, the box held another secret. Nestled in that recipe box, in it... Kimberly Nava-Jones, EA

Tax Planning Versus Preparation – What Is the Difference?
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Tax Planning Versus Preparation – What Is the Difference?

Visit social media or Google these days and you will most likely see advertisements for tax planning. But many taxpayers (and even tax professionals) are confused about the differences between tax planning... Dominique Molina, CPA

Assessable Penalties and Abating Them
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Assessable Penalties and Abating Them

The United States federal tax system operates on a system of somewhat voluntary compliance. However, human nature being what it is, a voluntary system without a means of enforcement lends itself to fraud, ignorance, and disregard. I... David Woods, EA

Demystifying §199A and Rental Activities
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Demystifying §199A and Rental Activities

I read Gil Charney’s analysis of the application of §199A to a rental activity in the September/October 2019 edition of EA Journal (“Your Questions Answered,” pp. 12-13) and I do not agree with it. In that case, I believe the taxpayer clearly qualifies to take the §199A deduction on th... Thomas A. Gorczynski, EA, CTC, USTCP