
IRC Section 280A was enacted in 1976 (P.L. 94-455). This provision deals with office in the home and rental of a residence. It has a few provisions that either are no longer needed (rental of a residence can be governed
Today I received information from the National Academies on their new report, Reducing Intergenerational Poverty, Sept 2023. It defines “intergenerational poverty,” provides demographics of this poverty, describes education and health issues associated with continual poverty, and makes recommendations. The introduction…
Here is another suggestion from the testimony I submitted for the written record of a Senate Finance Committee and Small Business and Entrepreneurship Committee roundtable held 6/7/23 (see links at my 8/13/23 post).This one has also been suggested by the…
Yet more from the testimony I submitted for the written record of a Senate Finance Committee and Small Business and Entrepreneurship Committee roundtable held June 7, 2023 (see my posts of 7/9/23 and 7/2/23 and 6/25/23). Another way to…
When we pay taxes, we likely think they are funding government based on the spending recommendations of elected officials as informed by the government agencies, such as the Dept. of Education, that propose budgets for funding. But this is not…
Continuing my current series of posts on addressing small business tax law complexity, here is another suggestion I included in what I submitted for the written record of a June 7, 2023 SFC and Small Business and Entrepreneurship Committee roundtable…
Following up on my 6/25/23 post about an idea I included in testimony submitted for the written record of a small business tax complexity hearing held on June 7, here is another idea I proposed:Reform “hobby” rules for equity
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