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Prescott CPA - 928-443-8893
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Tax Tips are not a substitute for legal, accounting, tax, investment or other professional advice. Always consult with your trusted accounting advisor before acting upon any Tax Tip.
Facts and Figures
*No Apology--In a prior case, the Tax Court ruled that a taxpayer could deduct the full amount of alimony claimed on his 2004 return. Just two years later, the IRS challenged the same taxpayer's alimony deduction. Result: This time around, the IRS quickly acquiesced, because the facts were similar to the previous deduction. However, the IRS would not issue the formal written apology requested by the taxpayer.
*Complaint Department--How do you deal with criticism of your business? Everyone is different, but these five tips may help. (1) Don't take it personally. (2) Recognize it may be about something else. (3) Discuss it with others. (4) Analyze whether the criticism is justified. (5) When it is warranted, correct the situation. Note: At the very least, business owners should treat complaints with the attention they deserve.
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TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.
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