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  • Posted in: Tax Talk

    Another aspect is that question whether you were supposed to issue 1099s. If under audit it comes out that you were supposed to, answered no and didn't, is that a fraudulent return? Or would they just...

  • Posted in: Tax Talk

    Ernest, The exclusion applies to individual taxpayer(s) who sell a primary residence [Sec. 121(a)]. Estates do not have primary residences. Bill ------------------------------ William Delaney...

  • Posted in: Tax Talk

    Mikki, She has no proof of payment, since it is a cash tip I assume. When people ask me about deducting cash paid out, I tell them that we cannot do so, absent proof of payment. They understand,...

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