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Real Estate Contracts Versus Options

A contract for the sale of real estate is a bilateral agreement (usually subject to certain conditions) between a buyer and a seller which expresses the present intention of the parties for the seller to [...]

By | January 31st, 2017|Categories: Uncategorized|Comments Off on Real Estate Contracts Versus Options

Real Esate Buyer’s Broker Commission

There is a major difference in the source of the brokerage fee for a buyer's brokerage fee for a buyer's broker under a buyer agency contract as compared to the situation where the agent working [...]

By | January 13th, 2017|Categories: Real Estate|Comments Off on Real Esate Buyer’s Broker Commission

IRS Agent’s Settlement Authority

With respect to questions of law, agents have no authority to settle or compromise a case based upon the hazards of litigation (i.e., they may potentially lose in court based on other court decisions), but [...]

By | August 11th, 2016|Categories: IRS Audit|Comments Off on IRS Agent’s Settlement Authority

Four Possible Resolutions to an IRS Audit

There are four possible resolutions to an IRS audit: no change, agreed, unagreed, and partially agreed. No Change In this situation the agent accepts the return as filed and does not propose any deficiency adjustments [...]

By | July 6th, 2016|Categories: IRS Audit|0 Comments

IRS Audit – How Returns Are Selected

The IRS selects returns to audit using a variety of methods, including: Computer Scoring. Most individual returns are selected for examination on the basis of computer scoring. However, other types of returns can also be [...]

By | June 5th, 2016|Categories: IRS Audit|0 Comments

International Tax – Tax Treaties 101

The United States has tax treaties with a number of foreign countries.  Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from U.S. taxes on [...]

By | May 30th, 2016|Categories: International Tax|0 Comments