According to tax expert Diane Kennedy, don’t assume anything when it comes to LLCs and self-employment tax!
Author Archives: Diane Kennedy
How Do Your Deductions Stack Up?
September 1, 2011 – 12:03 am
Tax expert Diane Kennedy on the IRS’ “average” write-offs based on income.
What Will the NEXT New Economy Do To Your Financial Plans?
August 1, 2011 – 1:04 am
Hear tax expert Diane Kennedy’s take on the “new” economy and how it will affect you!
California Takes Stance Against Series LLC
July 1, 2011 – 12:05 am
There is one more provision in the new Proposed Treasury Regulations that might make Series LLCs next to impossible in California.
Tax Issues with Dumping Real Estate
June 1, 2011 – 12:05 am
Tax expert Diane Kennedy discusses Cancellation of Debt income and how it can affect you.
Changing the Character of Your Income
May 1, 2011 – 4:05 am
Tax expert Diane Kennedy discusses the three types of income from a business and how it affects your taxes and bottom line.
Changes Coming to Reporting Real Estate Losses
April 1, 2011 – 3:05 am
The IRS has been targeting audits to taxpayers who take a real estate loss on their tax return, specifically people who use the Real Estate Professional status to take a deduction when they otherwise would not get one.
The IRS has found a lot of tax cheaters this way, and they’ve also caught a lot of [...]
Real Estate Capital Gains and Capital Losses
March 1, 2011 – 3:05 am
Make your tax decisions based on laws today, not what ‘might’ happen tomorrow.
Is It Time to Incorporate?
February 1, 2011 – 3:11 am
Is your business operating in a formal or informal structure? It might be time to incorporate.
A Little Good News From a Tax Bill
January 1, 2011 – 4:10 am
According to tax strategist Diane Kennedy, the Small Business Jobs Act of 2010 is good news for business!
