Tag Archives: taxes

How does Tax Reform affect you in 2018?

a short summary of the 2018 tax law after Tax Reform Continue reading

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REAL ESTATE, INVESTMENTS WW2017_7

WHEN IS A DORMITORY A TAX SHELTER? Let’s say that your “child” is a sophomore in college and you are tired of paying rent for his apartment. What can you do? If the ave you considered buying a place for him to … Continue reading

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Mind Your Business WW 2016_7

Good News for self-employed taxpayers. In an effort to recover more taxes, the IRS is shifting away from auditing self-employed taxpayers (those who file Schedule C on their Form 1040. The IRS is instead focusing on auditing pass-through firms like … Continue reading

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Tax Mastery WW 2016_7

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Individual Taxes WW 2016_7

First, the bad news. The IRS is hiring 600-700 new personnel to increase the number of audits and tax enforcement. The Tax Court has held that using Turbotax is no defense against large IRS penalties when you make large errors … Continue reading

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Revocable Living Trusts

Before I tell you more about revocable living trusts (RLT), I want to tell you that my father was once a Probate Judge and he insisted that I draft an RLT for him and my mother. I and my ex-wife … Continue reading

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Are You Overtaxed? Do Something!

Sick and tired of such high taxes? Can’t get answers to tax questions? Want to take control of your taxes? Then get professional tax help! The author, Wis Laughlin is a former IRS tax attorney with over 35 years experience. If … Continue reading

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Should you use Wis for Tax Return Preparation?

As a tax attorney, am I too expensive for you? Not if your tax return contains any of the following. In that case, you will save far more taxes than I cost you: Schedule A — itemized deductions: tax, mortgage … Continue reading

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Our Individual IncomeTax

Do you remember the thrill, when a great teacher helped you understand a difficult subject and you felt like you were in control? Experience that thrill again with your taxes and put some cash in your pocket! This article can only … Continue reading

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Your Investments

Both individuals and businesses have investments, ranging from investment securities to business furniture, equipment and real estate. The tax rules for these investments are many and complex. I help my clients maximize their wealth by taking advantage of all the … Continue reading

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