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Fee Structure
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folder Small Biz FAQs (23)
Tax topics about LLCs, small businesses, partnerships and corporations including S-Corps.
folder Flight Crew FAQs (23)
Tax topics for airline pilots and flight attendants including per diem deductions and travel expenses.
folder ExPat FAQs (30)
Tax topics for expat taxes, taxes for expats and the foreign earned income exclusion.
folder Rentals FAQs (25)
Questions and answers about rental properties and related tax issues including rental depreciation and rental deductions.
folder IRAs, 401ks, Investments (3)
Tax questions involving IRAs, 401ks, SEPs, Roths, and other investment-tax related issues.
folder Homes, Real Estate (8)
Tax questions involving your home and other property.
folder Mortgages, Bad Debts (5)
Mortgage loans, deducting bad debts and other questions and answers about loans.
folder General FAQs (9)
General questions and answers about the Watson CPA Group.
folder Education, Tuition Deductions (7)
Education related tax questions and answers.
folder Medical, Health Insurance (3)
Questions and answers concerning medical expenses and deductions.
folder Charitable Contributions (9)
Facts about what you can deduct as charity and what you cannot plus required recordkeeping.
folder Recordkeeping (7)
folder Audits (18)
Audit risks and how to handle an unexpected audit including taxpayer rights.
folder General Tax Questions (9)
Common tax questions and answers.


Most Viewed
 
document Terminating S-Corp Election
By Jason Watson (Google+) S-Corps have relished being the class favorite for all kinds of reasons as stated in this article. However, the...
28 Dec, 2013 Views: 0 Comments: 0
document Watson CPA Group Philosophy on Hobby Losses
By Jason Watson (Google+) We cannot ethically allow you to deduct continued business losses year after year unless you understand and agree...
15 Dec, 2013 Views: 0 Comments: 0
document Private Track Coach Deducts Business Losses for Eight Years, Court Says OK
By Jason Watson (Google+) In a proceeding brought to the Tax Court under Docket 21600-11S filed October 25, 2012, a track coach in Oregon...
15 Dec, 2013 Views: 0 Comments: 0
document 3 out of 5 Test
By Jason Watson (Google+) By generally accepted definition, if you are profitable 3 out of the last 5 years your activity is automatically...
15 Dec, 2013 Views: 0 Comments: 0
document Philosophy of Business Losses
By Jason Watson (Google+) As any politician and economist will tell you, the key to a healthy economy is the strength of small businesses....
15 Dec, 2013 Views: 0 Comments: 0
document Hobby Versus Business Testing
By Jason Watson (Google+) The hobby versus legitimate business is a common question. First, the IRS suggests that incorrect deduction of...
15 Dec, 2013 Views: 0 Comments: 0
document Using a Self-Directed IRA to Start A Business
By Jason Watson (Google+) You can buy or start a business using your IRA. The first step is research companies who handle Self-Directed IRAs...
28 Dec, 2013 Views: 0 Comments: 0
document Sample Response to CO Unemployment Claim
By Jason Watson (Google+) The following is a sample letter I wrote on behalf of a client whose independent contractor attempted to claim...
21 Nov, 2013 Views: 0 Comments: 0
document Colorado's Criteria for Contractor Status
By Jason Watson (Google+) Colorado's Take On Employee Verus Independent Contractor A person hired to perform services for pay is presumed...
21 Nov, 2013 Views: 0 Comments: 0
document Salespeople As Contractors
By Jason Watson (Google+) If a salesperson does not meet the common-law rules of an employee, his or her pay may still be subject to Social...
21 Nov, 2013 Views: 0 Comments: 0

Recent Articles
 
document Recap of S-Corps
By Jason Watson (Google+) Here is a quick recap or summary of S-Corps, and why you might consider making the election- Must have an...
28 Dec, 2013 Views: 0 Comments: 0
document Audit Rates and Risks with an S-Corp
By Jason Watson (Google+) There are audits risks with any business form, and for any taxpayer. Typically taxpayers under $200,000 in income...
28 Dec, 2013 Views: 0 Comments: 0
document Terminating S-Corp Election
By Jason Watson (Google+) S-Corps have relished being the class favorite for all kinds of reasons as stated in this article. However, the...
28 Dec, 2013 Views: 0 Comments: 0
document Other Tricks of the Trade with S-Corps
By Jason Watson (Google+) The big theme with S-Corps is payroll for shareholders, and what constitute reasonable payroll as an overall...
28 Dec, 2013 Views: 0 Comments: 0
document Electing S-Corp Filing Status, Retroactive for 2013-2014
By Jason Watson (Google+) First you must be eligible to become an S-Corp for taxation purposes- you must have an partnership, LLC...
28 Dec, 2013 Views: 0 Comments: 0
document Rental Losses with an S-Corp
By Jason Watson (Google+) As mentioned earlier, K-1 income from an S-Corp will be reported on Schedule E of your personal tax return since...
28 Dec, 2013 Views: 0 Comments: 0
document Rentals Owned by an LLC Fallacy
By Jason Watson (Google+) Should you put a rental in an LLC? Sure. Why not? Everyone else does. The real answer is Perhaps.  There are...
28 Dec, 2013 Views: 0 Comments: 0
document Putting Your Kids on the Payroll
By Jason Watson (Google+) Perhaps. While most parents can’t get their kids to clean a counter or put away dishes, perhaps putting kids to...
28 Dec, 2013 Views: 0 Comments: 0
document Health Care Expenses, Premiums, HRAs, HSAs - Section 105
By Jason Watson (Google+) An LLC or S-Corp allows you set up a plan to reimburse shareholders (and employees) for medical premiums and...
28 Dec, 2013 Views: 0 Comments: 0
document Retirement Planning within an S-Corp
By Jason Watson (Google+) There are lots of options with retirement planning within your LLC or S-Corp, and this article only covers the...
28 Dec, 2013 Views: 0 Comments: 0