Johnrdundon - johnrdundon.com - John R. Dundon II Enrolled Agent 00085353EA Federally Authorized Tax Practitioner
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Affordable Care Act Final Regulations Regarding Minimum Essential Coverage Maintenance 27 Aug 2013 | 09:33 pm
The IRS released final regulations regarding minimum essential coverage maintenance required under the Affordable Care Act for individual taxpayers under IRC 5000A governing the shared responsibility ...
Small Businesses Receive IRS Letter 5036 – Under Reporting of Income 23 Aug 2013 | 11:47 pm
The IRS has over the last week or so started sending Letter 5036 to small businesses questioning the possible under reporting of income. The letter looks intimidating as it’s header states “Notificati...
Sophy v. Commissioner – Reviewing Mortgage Interest Deduction Limitations 20 Aug 2013 | 11:47 pm
Taxpayers living in Vail Colorado contacted me most recently to represent them in an IRS audited covering tax years 2009, 2010 and 2011 relevant to several small items but specifically
Notes From the July IRS Stakeholder Liaison Meeting 13 Aug 2013 | 03:35 am
The following is a compilation of the presentations given at the last IRS Stakeholder liaison meeting as prepared by IRS Senior Stakeholder Liaison Debra Rodgers complete with some very pointed
Transfers of Property to a Corporation Internal Revenue Code Section 351 10 Aug 2013 | 01:52 am
According to IRC 1001 you generally recognize a gain or a loss when you sell or dispose of property. However, there are a number of exceptions, specifically transfers of property
Traders in Securities 25 Jul 2013 | 08:37 am
If you are an individual who buys and sells securities you may qualify as a “trader in securities,” for tax purposes. This post attempts to explain how traders must report
Healthy, Wealthy and Wise Summit August 3rd 2013 in Denver is a BIG worthwhile event! 23 Jul 2013 | 03:04 am
I rarely use this tax blog to promote events but on occasion some things happen that are worth broadcasting. Bruce Larsen of Presidential Brokerage is hosting the second annual Healthy,
Income Tax Filing Status for Same Sex Married Couples 19 Jul 2013 | 04:37 am
The following states recognize same sex marriages: Connecticut, Delaware, Iowa, Maine, Maryland, Massachusetts, Minnesota, New Hampshire, New York, Rhode Island, Vermont, Washington, and District of ...
US Supreme Court DOMA Throw Down – Progress or Kabuki Theater? 27 Jun 2013 | 01:00 am
The fact of the matter is that the IRS will continue to define marriage for US Taxpayers everywhere in that only one man and one woman married to each other
Tax Treatment of IRC 351 Nonrecognition Transactions aka Corporate Reorganizations 7 Jun 2013 | 09:26 am
Check out the following 5 lessons I learned this week regarding IRC 351 nonrecognition transactions: 1. The basis assigned to stock received generally is the same as the basis in
