News - John R. Dundon II, Enrolled Agent
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News

I was brought in on another interesting file this week involving a US Citizen seeking expatriation that I was strongly advised to run away from by my mentors and friends simply because it is easy to paint a picture of these types of folks as having...

There are a LOT of people from Canada in Denver, Colorado where I spend the majority of my time as a student of the US tax code.  Many dual citizens got stung by the reasonably new US FBAR tax laws and there were some tragic...

As I have been helping my Mom transition into life as a widow many interesting facts have begun to resonate. Particularly intriguing for me today under Regs. §1.2-2(b)(4) parent(s) can be claimed as a dependent if you meet the usual support, citizenship, gross income, and joint return...

As many of you know that follow this blog my father recently passed away and I've been called upon to settle his financial affairs. My biggest fear is probate and after studying the tax code I have grown to be of the opinion that it is best...

This post addresses how to use IRS Form 8082 to report an incorrectly issued K1. The lesson learned is that you always start by requesting in writing that a corrected K1 be issued. I've been working a very complicated file since my last post involving income...

According to Internal Revenue Code Section 1014 the basis of property acquired from a decedent is the fair market value of the property at the date of the decedent's death. This is often referred to as stepped up basis and it is profoundly significant for US...

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