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August 2017 Archives

Can captive insurance get you in trouble with the IRS?

With all the advertising produced by major insurers such as Allstate, Progressive and State Farm, you probably will never hear such commercials about captive insurance policies. Captive insurance, as its name suggests, refers to insurance policies that are created and controlled wholly by its insureds.

Can Mayweather-McGregor tickets be tax deductible?

Those who believe that boxing has simply become a circus-like spectacle may be proven right this weekend when UFC champion Conor McGregor steps into the ring to face former champion Floyd “Money” Mayweather, Jr. The exhibition is expected to be a pay-per-view bonanza for both fighters. Both are expected to take in nearly $100 million.

How much in taxes will you owe from your next flip?

If you’re a fan of HGTV’s “Flip or Flop” series, you probably have considered flipping houses as an investment strategy or business. After all, the shows make it seem like renovating houses is a quick and lucrative process to make a great deal of money in a limited amount of time.

How to avoid reporting problems on your next return

With the 2018 tax season far away, it is easy to forget about what is necessary to process a proper return. It is akin to kids being on summer vacation and forgetting most of what they learned the previous year. But like children preparing for another school year, it is never too early to review tips for avoiding reporting problems.

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Law Offices of Robert T. Leonard, APC

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Toll Free: 888-408-9486
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