by rachel | May 7, 2024 | Ask Us Anything
Ask Us Anything Dear Brass Tax Presentations, My client claimed a qualified commercial clean vehicle credit through his S-corporation, and the credit was listed on form 3800. However, the IRS sent a notice stating that Form 8936 was incomplete or missing. If I entered...
by rachel | Apr 19, 2024 | Articles
In lieu of filing a separate information return for each payment of reportable gambling winnings, a payor may use the aggregate reporting method to report gambling winnings from bingo, keno, or slot machine play on a daily basis. An information reporting period is...
by rachel | Dec 13, 2023 | Articles
Nondeductible contributions create basis If a governmental unemployment compensation program is funded in part by an employee’s contribution that is not deductible by the employee, then any amount received by the employee under the program is not taxable until...
