We are so glad to support local High School in their coming up Baseball Game publication. Here is our ad printed in the school publication for the Vista Murrieta High School.
Taxpayers occasionally make deposits to suspend the running of interest on potential underpayments of tax (Code Sec. 6603; Rev. Proc. 2005-18). The procedures for designating a remittance as a deposit, rather than a tax payment, are contained in Rev. Proc. 2005-18. Under Section 4 of that procedure, a taxpayer may make […]
Small business owners occasionally spend money from their own pockets to pay for the corporate expenses and vice-a-versa. A clear cut division of the corporate accounting is sometimes blurred at times. This case provides some very important guidelines on how these payments would be considered and treated for tax purposes. In […]
