News - John R. Dundon II, Enrolled Agent
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Navigating the Shoals of IRS Penalties - Part 1 For those of us inclined to the proverbial 'head-bury' strategy with Big Brother, best to understand the civil penalties assessed when IRS systems catch up - as measured in tangible $$ out #ThePocket. For the brave of...

This post contains cocktail party killer one liners about how 5 IRS Penalties Changed Under the Tax Cut and Jobs Act of 2018. My editor also quipped that reading this post helps with insomnia as well. So if you are looking to either kill a party...

Rollover of Retirement Plan Self Certification for Additional Time Normally you have 60 days to complete a retirement plan rollover in order to avoid current taxation and more importantly, penalization. One of the most ridiculous things I have had to do with my limited time on...

The new Tax Cuts and Jobs Act (TCJA) amends Internal Revenue Code Section 165 further restricting our ability as individual taxpayers to write off CASUALTY LOSSES going forward solely to 'disaster areas' as declared by the POTUS. Say whaaaat ?!?!?!?!?!?!?!? Effective immediately this new restriction detailed in the US Tax Code WILL HARM...

There are indeed many ways the new US Tax Laws recently enacted will change up the social fabric of our society. This post addresses three ways the new US Tax law impacts tax exempt organizations. 1 - Excise tax on exempt organization's excessive compensation. The new law...

Like a good tax nerd I spent a beautiful Saturday reviewing the US House Tax Cuts and Jobs Act H.R. 1 Section-by-Section Summary.  For your impending confrontation with Drunk Uncle (or Aunt) over the holiday season, the following is what I've been able to distill down to...

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