News - John R. Dundon II, Enrolled Agent
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Gluten-Free Federal Tax Deduction for Celiac Disease Many people suffer from Celiac's disease.  To be eligible to deduct the excess costs of a gluten-free diet under Internal Revenue Code Section 213, you must generally have a documented reason to require the observance of a gluten-free diet,...

What is a Real Estate Professional For US Federal Income Tax Purposes?  Morticia hits the nail on the head when it comes to the tax designation 'real estate professional' for income tax reporting requirements. Everyday people misinterpret the tax code.  It does not matter if you...

The Colorado Department of Revenue revised its guidelines in FYI Income 54 regarding people who do not live in Colorado but are partners and/or shareholders of partnerships and/or S corporations in Colorado, ensuring that pass-through entities pay Colorado income tax on their Colorado-source income. This post breaks...

Excess Depreciation Claimed - Now What? Justin Fundalinski of Jim Saulnier & Associates, who I met while volunteering time for the betterment of the Financial Planning Association, asked me a procedural question about a fascinating situation he encountered regarding depreciation and disposition of residential rental real...

Old MacDonald had a Trust EIEIO CLAT CLUT here CRAT CRUT There. The one thing stopping good people from engaging the full force and effect of tax and estate planning using trust instruments is the language. Acronyms make it hard to understand what lawyers are...

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