Comments for Diane Kennedy's Tax Services http://www.dktaxservices.com The Ultimate Resource for the Latest in Tax News & Tax Strategies Tue, 06 Jan 2009 02:04:20 +0000 http://wordpress.org/?v=2.6.5 Comment on Mistakes That Cost YOU Big Time by Will http://www.dktaxservices.com/success-stories/mistakes-that-cost-you-big-time/#comment-1198 Will Thu, 11 Dec 2008 01:53:55 +0000 http://www.dktaxservices.com/?p=48232#comment-1198 His story has many similarities to ours. This is great advice and I will be talking to our accounting firm (DKTax)to see if we should do the same. His story has many similarities to ours. This is great advice and I will be talking to our accounting firm (DKTax)to see if we should do the same.

]]> Comment on Mistakes That Cost YOU Big Time by Diane Kennedy http://www.dktaxservices.com/success-stories/mistakes-that-cost-you-big-time/#comment-1179 Diane Kennedy Wed, 03 Dec 2008 20:28:48 +0000 http://www.dktaxservices.com/?p=48232#comment-1179 Yes, in fact, that's what we'll be doing. But it costs him extra (hopefully his old tax preparer will refund the prep fees he paid the first time) and does mean extra hassle. Still, getting it back is better than losing it! Yes, in fact, that’s what we’ll be doing. But it costs him extra (hopefully his old tax preparer will refund the prep fees he paid the first time) and does mean extra hassle.

Still, getting it back is better than losing it!

]]> Comment on Mistakes That Cost YOU Big Time by Janet http://www.dktaxservices.com/success-stories/mistakes-that-cost-you-big-time/#comment-1178 Janet Wed, 03 Dec 2008 20:16:47 +0000 http://www.dktaxservices.com/?p=48232#comment-1178 Could he file an amended return and recoup his tax preparer's error? Could he file an amended return and recoup his tax preparer’s error?

]]> Comment on How is my LLC taxed? by Bill Bourbonnais http://www.dktaxservices.com/bill_bourbonnais/how-is-my-llc-taxed/#comment-1151 Bill Bourbonnais Sun, 16 Nov 2008 07:44:01 +0000 http://www.dktaxservices.com/?p=1263#comment-1151 Hi Richard, To quote my partner, Diane Kennedy, "it depends." The thing that may play in your favor is you have your LLC set up; however, other factors will come into play. Have you been operating AS a business, have you funded the business, what have you been doing to find investment properties, etc. We've heard from some people that IRS has reclassified some seminars and courses as non-deductible personal enrichment programs. You may want to contact Richard at CPA@dktaxservices.com to find out about our programs and how we can possibly help you with your business. Bill Bourbonnais DK Tax Services Hi Richard,
To quote my partner, Diane Kennedy, “it depends.” The thing that may play in your favor is you have your LLC set up; however, other factors will come into play. Have you been operating AS a business, have you funded the business, what have you been doing to find investment properties, etc. We’ve heard from some people that IRS has reclassified some seminars and courses as non-deductible personal enrichment programs. You may want to contact Richard at CPA@dktaxservices.com to find out about our programs and how we can possibly help you with your business.

Bill Bourbonnais
DK Tax Services

]]> Comment on How is my LLC taxed? by richard spires http://www.dktaxservices.com/bill_bourbonnais/how-is-my-llc-taxed/#comment-1149 richard spires Sat, 15 Nov 2008 17:40:17 +0000 http://www.dktaxservices.com/?p=1263#comment-1149 i have been attending roberts class on real estate. investing , i have not bought any property yet.i have aleready formed a llc. i was wondering if i could deduct the money i spend on the educaion from my taxes.i spent about 20000 dollars. i have been attending roberts class on real estate. investing , i have not bought any property yet.i have aleready formed a llc. i was wondering if i could deduct the money i spend on the educaion from my taxes.i spent about 20000 dollars.

]]> Comment on How is my LLC taxed? by Bill Bourbonnais http://www.dktaxservices.com/bill_bourbonnais/how-is-my-llc-taxed/#comment-1137 Bill Bourbonnais Tue, 04 Nov 2008 06:50:54 +0000 http://www.dktaxservices.com/?p=1263#comment-1137 Hi Russell, An LLC would very likely be beneficial for you in both cases: your owner-occupied 4-plex, and your second 4-plex. How to set up the LLC (or maybe more than one LLC), and perhaps even do it through a Trust Sandwich for a better overall result, would depend on several factors including how much equity you have in the property, other aspects of your tax situation, and your exposure to risk. I'd like to suggest getting in touch with Richard at CPA@dktaxservices.com to learn about the programs we have available, and how we'd be able to make sure you're heading in the right direction. Bill Bourbonnais DK Tax Services Hi Russell,
An LLC would very likely be beneficial for you in both cases: your owner-occupied 4-plex, and your second 4-plex. How to set up the LLC (or maybe more than one LLC), and perhaps even do it through a Trust Sandwich for a better overall result, would depend on several factors including how much equity you have in the property, other aspects of your tax situation, and your exposure to risk.

I’d like to suggest getting in touch with Richard at CPA@dktaxservices.com to learn about the programs we have available, and how we’d be able to make sure you’re heading in the right direction.

Bill Bourbonnais
DK Tax Services

]]> Comment on How is my LLC taxed? by Bill Bourbonnais http://www.dktaxservices.com/bill_bourbonnais/how-is-my-llc-taxed/#comment-1136 Bill Bourbonnais Tue, 04 Nov 2008 06:45:17 +0000 http://www.dktaxservices.com/?p=1263#comment-1136 Hi John, I know you've joined us as a client at DK Tax Services, so we'll be getting you on the right path quickly. Sometimes it's easy to get so excited about new opportunities that we skip some of the steps. The good news is that you have your LLC set up; now we'll be taking the steps to make sure we've got the best tax election for your business. Bill Bourbonnais DK Tax Services Hi John,
I know you’ve joined us as a client at DK Tax Services, so we’ll be getting you on the right path quickly. Sometimes it’s easy to get so excited about new opportunities that we skip some of the steps. The good news is that you have your LLC set up; now we’ll be taking the steps to make sure we’ve got the best tax election for your business.

Bill Bourbonnais
DK Tax Services

]]> Comment on How is my LLC taxed? by Russell Burt Jr http://www.dktaxservices.com/bill_bourbonnais/how-is-my-llc-taxed/#comment-1133 Russell Burt Jr Mon, 03 Nov 2008 12:05:17 +0000 http://www.dktaxservices.com/?p=1263#comment-1133 Hello, I will be buying a 4 plex in two months and will be owner occupeid---is there an LLC that is right for me? In the future i will buy a second 4 plex about a year from the frist one . Will the LLC for the frist one cover the second one? What would you do to protect yourself and get the most tax relief? Thank You Russell Burt in Bowling Green KY Hello,
I will be buying a 4 plex in two months and will be owner occupeid—is there an LLC that is right for me? In the future i will buy a second 4 plex about a year from the frist one . Will the LLC for the frist one cover the second one? What would you do to protect yourself and get the most tax relief?

Thank You

Russell Burt in Bowling Green KY

]]> Comment on Inflation, Credit Crunch Hit e-Commerce - InternetNews.com by Recent Links Tagged With "ecommerce" - JabberTags http://www.dktaxservices.com/ecommerce-tax/inflation-credit-crunch-hit-e-commerce-internetnewscom-43/#comment-1105 Recent Links Tagged With "ecommerce" - JabberTags Fri, 31 Oct 2008 23:34:26 +0000 http://www.dktaxservices.com/ecommerce-tax/inflation-credit-crunch-hit-e-commerce-internetnewscom-43/#comment-1105 [...] public links >> ecommerce A web hosting guide Saved by Vampiress2008 on Thu 30-10-2008 Inflation, Credit Crunch Hit e-Commerce - InternetNews.com Saved by fridman on Thu 30-10-2008 Where Can I Buy Coach Handbags - Decked out in a new designer [...] [...] public links >> ecommerce A web hosting guide Saved by Vampiress2008 on Thu 30-10-2008 Inflation, Credit Crunch Hit e-Commerce - InternetNews.com Saved by fridman on Thu 30-10-2008 Where Can I Buy Coach Handbags - Decked out in a new designer [...]

]]> Comment on Going from High Paid Employee To Business Owner/Investor by Arno http://www.dktaxservices.com/richard_cooley/going-from-high-paid-employee-to-business-ownerinvestor/#comment-1095 Arno Thu, 30 Oct 2008 20:25:38 +0000 http://www.dktaxservices.com/?p=5674#comment-1095 Please, tell me more about this opportunity. arno Please, tell me more about this opportunity.

arno

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