By Dean Alexander Before we answer the question fully let us ask what a credit is. A credit is best defined by contrast to a deduction. At the outset let us just say that a credit is much more important … Continue reading
Tag Archives: Taxes
By Dean Alexander Basis of Property is very crucial as one navigates through tax problems and issues. In some instances the basis will be the amount that will be subject to depreciation. People usually think of basis as the cost … Continue reading
By Dean Alexander As many know, there are three possible settlement options to people facing tax problems. The options generally are driven by your ability to pay the IRS for the back taxes you owe them. Although the amount of … Continue reading
By Dean Alexander Simple intuitive concepts get complicated once humans start thinking. Take the word love. Simple isn’t it? Now on close examination we can complicate the simple concept by asking questions. Do we mean love between a man and … Continue reading
By Dean Alexander After the first panic of an audit notice, you recover and get to the business of collecting evidence to substantiate your numbers on the tax return. You agree (by yourself or with the representative) with the revenue … Continue reading