Tax Article Archives

Read about some of John’s more memorable experiences navigating the conflicting sections of the Internal Revenue Code.

View articles


Receive Immediate Attention

Directly Contact John via his contact form or call 720.234.1177

Read more

John Head Shot

Ask a Question

Ask John a question and get a written response.

Ask a Question

Tax Articles

1st Time Home Buyer Credit Facts

If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. Congress recently passed The Worker, Homeownership and Business Assistance Act Of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies. Here are the top 10 things the IRS wants you to know about…


5 year N.O.L. carry back expands

Large and midsized companies can now take advantage of expanded net operating loss carryback rules to use the losses they incurred during the economic downturn to reduce their income from prior tax years. The Worker, Homeownership and Business Assistance Act of 2009, which President Obama signed earlier this month, allows midsized and large businesses to…


Tax on sales of human body parts

It may seem ghoulish, but there does seem to be a controversy brewing over the appropriate tax treatment of sales of anatomical specimens such as human eggs and blood plasma, and even black market sales of kidneys and other vital organs. University of Cincinnati tax law professor Paul Caron’s invaluable TaxProf blog cites a new…


Personal exemption change for 2010

For the year 2010, the personal exemption amount is $3,650 for yourself, your spouse and each dependent you are eligible to claim. This amount is unchanged from the 2009 amount. However there’s one significant change for 2010. Unlike previous years, personal exemptions will not be reduced as a person’s income increases

IRS Offers Guidance on Barter Reporting

In its simplest form, bartering is the trading of one product or service for another, usually with no exchange of cash. With the economy in its present state, the IRS has seen an increase in bartering exchanges. As a result, the IRS created a web page with information on the reporting requirements and other related…