Insights

Ask Us Anything Dear Brass Tax Presentations, I have an RDP who is self-employed. She has a plan under Covered California that only covers her RDP, not herself. Does the Federal allow her to claim the SEHI deduction for the premiums paid for her RDP? Should I assign the 1095A to her RDP on his...

Ask Us Anything Dear Brass Tax Presentations, I attended your presentation in Fresno, CA & enjoyed it tremendously! I did forget however to ask about the flooding in CA and being able to split the retirement disbursement over three years. I do reside in a county that was declared a disaster...

Ask Us Anything Dear Brass Tax Presentations, With regards to the qualified public safety officer exclusion no longer being needed to be paid directly to the insurance providers, is that change effective for 2022 tax returns or did it just start in 2023? Said in another way, should I go back and...

Ask Us Anything Dear Brass Tax Presentations, I have a question regarding an S-Corp client with 4 shareholders, specifically the tax effects on stock/debt basis / Form 7203. All four shareholders have a $0 stock basis. Two shareholders have some debt basis due to informal shareholder loans. Some...

Ask Us Anything Dear Brass Tax Presentations, I was looking at the Updates to 2023 Returns book and on page 203 & 204 there is the topic of Partnerships electing out of the Centralized Audit Regime for IRS audits. After reading this section, it looks like I need to amend our partnership...

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 the same information on the...