I answer tax questions and give tax advice for Tax Act customers. I want to offer advice on preparing small business returns using Schedule C (Form 1040) Profit or Loss from Business. This is a new Ingenio account, but this doesn't mean I don't have Ingenio experience. This year with my other Ingenio Accounts I already have 1500 Ingenio customers, Ingenio ratings of over 3940 rating points, and my Ingenio Rating of five stars for each of my accounts is as high as the rating system permits. I have been preparing taxes for 22 plus years, teaching Basic Taxes for 15 plus years and teaching Advanced Tax courses for 10 plus years.I do not prepare corporation, partnership or trust tax returns. I do not do payroll. I do not do section 1231 Exchanges, foreclosures, bankruptcies or cancellation of debt. I will concentrate on Sole Proprietorships.

• Income Reporting
• Expense Reporting
• Automobile and Vehicle Deductions
• Depreciation Including New Depreciation Rules after September 10
• Amortization including Points
• Section 179 Expensing
• Life of Assets
• Sale of Assets
• EIN Numbers Employer Identification Numbers

• I also want you to learn how to do returns with investment income properly entered. This encompasses many areas all of which I have taught in Advanced Courses, Basic Courses, and worked with customers on their tax returns. Some broad areas are:

  • Interest
  • Dividends
  • Bonds
  • Non Taxable Interest
  • Non Taxable Dividends
  • Rentals
  • Part Personal Part Business Rentals
  • Not-For-Profit Rentals
  • Sale of Stock
  • Basis of Stock
  • Wash Sales (Where the IRS does not allow you to take a loss if you buy, acquire or enter into a contract or oprtion to acquire substantially the same stock within 30 days.)

  REMINDING INGENIO CUSTOMERS TO RATE INGENIO ADVISORS YOU SHOULD STAY ON THE LINE AFTER AN INGENIO CALL AND ENTER A RATING USING THE TOUCH TONE PADS ON YOUR TELEPHONE. YOU WILL NOT GET CHARGED WHILE YOU ARE ENTERING THE RATINGS AND THESE RATINGS WILL HELP OTHER INGENIO MEMBERS DISTINGUISH THE GOOD SPEAKERS FROM THE *GREAT ONES* . I NEED A FIVE STAR AVERAGE TO BE LISTED AMONG THE BEST TAX ADVISORS. PLEASE LEAVE COMMENTS WITH YOUR FEEDBACK.

  If you prefer you may contact me via Keen Mail. A Keen Mail response will typically be returned within 24 hours. The fee schedule for answering Keen E Mail inquiries is as follows (Based on the amount of time spent determining and formulating the response.):

  • $10 - $15 (Involving a relatively brief explaination)
  • $16 - $21 (Involving some research or a moderate degree of explaination)
  • $22 - $50 (Involving extensive research or a lengthy explanation)