Monthly Archives: October 2013

Passive Activity Loss Limitations

In 1986 Congress passed the Tax Reform Act of 1986 which resulted in the recodification of the Internal Revenue Code.   IRC Section 469 became a part of our tax code as a result of the TRA 1986.  This provision requires … Continue reading

Posted in Taxable Income | Tagged , , , , , , , , , | 2 Comments

Weight Loss

I’m still on the Weight Watchers plan, within about 10 pounds of my goal weight.  I’ve lost 40 pounds this year.  When I started my weight loss journey in May, one of my goals was to attend the March of … Continue reading

Posted in Personal, Uncategorized | Tagged , , , , , | Leave a comment

October 15th Deadline Looms Near

The Internal Revenue Service issued a reminder this week that the October 15 deadline is still in effect for individuals who requested a six-month extension to file their 2012 tax return.  The current lapse in Federal appropriations does not affect … Continue reading

Posted in Tax Compliance | Tagged , , , , , , , , | Leave a comment

Mileage, the “Sampling Method”

If keeping an entire year of your mileage isn’t something you enjoy,  you may want to consider is the three-month sample for the mileage log.  Using this option, you maintain your mileage log for three months of the taxable year … Continue reading

Posted in Deductible Expenses | Tagged , , | Leave a comment