TUFTS ON TAX
By T. Scott Tufts
TUFTS ON TAXMay 22, 2023
What? Phantom Income on Your K-1 Might Not Be Taxable Under State Law?
https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss how a recent state court case (Joseph C v NJ DOR) discusses “phantom income” on the final K-1 form issued to a member of an LLC, restoring a negative capital account with no DRO, and how even if it was taxable at the Federal level, it might not be taxable under the laws of the particular state (in this case, New Jersey). PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Form 3520 To Report Foreign Trust
https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Form 3520 To Report Foreign Trust. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Form 4852(Substitute for W-2) and W-2
https://www.privatecorporatecounsel.com
stufts@pcc.law
CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Form 4852(Substitute for W-2) and W-2.
PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE PCC, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Employee for Tax Purposes as Officer
https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss how business owners when serving as officers may be statutory employees for Federal tax purposes. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Where’s My K-1?
https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss what to do if you don’t receive IRS Schedule K1 but should have and options to file IRS Form 8082. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Crypto Currency and Digital Assets 2023
https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Crypto Currency and Digital Assets. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Forms 1099C
https://www.cplspa.comstufts@plspa.com CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Form 1099C.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST
Form 7203
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss form 7203.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEK ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Forms W9 and 1099
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Forms W9 and 1099.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
BBA Partnerships and Recently Issued Final Rules
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CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss BBA Partnership and what are the Final Rules.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Relief for Ineffective S Elections
https://www.cplspa.comstufts@plspa.com CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss S Corporations and S Elections.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Tax Stings in the News
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Tax Stings in the News mentioning how the government goes about investigating matters involving efforts by tax professionals to assist their clients to evade taxes.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Digital Assets
https://www.cplspa.comstufts@plspa.com
CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Digital Assets:
What Are They and When are They Taxed? Staking Rewards: What are They? Does the IRS tax them? However, a more aggressive approach is to claim that staking rewards are non-taxable in cases where rewards cannot be withdrawn. For example, some platforms gave users the ability to stake their Ethereum, but restricted withdrawals until the full migration to Ethereum 2.0. In cases like these, some investors make a claim they do not have ‘dominion and control over their coins.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Operating Agreements
https://www.cplspa.comstufts@plspa.com CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss the following:
Operating Agreements—
Why All of these Tax Provisions?
1. What is an operating agreement?
2. What are the customary provisions in any agreement?
a. Face Page—Securities Laws? Other Disclaimers? Enforce Confidentiality? Professional Looking?
b. Introduction—Naming the Parties to the Agreement
c. Preamble (why might this be important?)
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Shell Companies
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Shell Companies:
1. What are they?
2. What does this have to do with taxes?
3. What is the concern?
4. How to spot them?
Focus: Dallas Tax Attorney Indicted
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Tax Form 8082–Partnership Tax Vessels
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following related to Form 8082:
1. Old article (When Partnership Tax Vessels Make III-Advised Journeys and Wind-Up at Harbor Cove)
2. Statute of Limitations in Tax Cases
3. Not 3 years—Why?
CPLS, P. A. AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Tax Form 4506
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Tax Form 4506. Don't let anyone tell you "GO POUND SAND!"
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Form 8082 (Facts of the Gluck case)
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Form 8082 and using facts of the Gluck case as an example.
CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
Hurricane Ian’s Impact on Your 2021 Taxes
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Hurricane Ian’s impact on our Taxes.
Instructions for Form 1065
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be going over the instructions of Form 1065. Why do we Really Need to Worry About the Instructions for a Tax Form?
Abusive Transactions
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:
Special IRS Team Working to Identify New “Abusive Transactions” https://www.taxcontroversy360.com/2022/09/special-irs-team-working-to-identify-emerging-abusive-transactions/
Tax Forms that Can Get You Sued
https://www.cplspa.comstufts@cplspa.com CALL 1-800-647-788
Tax Attorney T. Scott Tufts, (Board Certified Specialist), discusses briefly his webinar on Friday, August 26 "Tax Forms that Can Get You Sued"
The Inflation Reduction Act of 2022- Why Should You Care?
https://www.cplspa.comstufts@cplspa.com CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:
The Inflation Reduction Act of 2022- Why Should You Care?
1. What’s new and immediate? 30% tax credit for installing energy-efficient windows, heat pumps, or more recent models of appliances Solar panels – separate tax credit (rebates available) Expanded tax credits for electric vehicles ($7,500 new; $4,000 used) Installed electric vehicle charging station at home (tax credit) (Possible Gotcha?—battery components must come from the US)
2. Other non-tax provisions (sort of) Health care provisions—Limit insulin payments to $35/month in 2023 Cap all out-of-pocket drug costs - $4,000 annually in 2024 and lower cap further to $2,000 in 2025 Lower premiums subsidies will continue on health insurance from Affordable Care Act of 2010.
Fraudulent Form 1099 MISC | 1099NEC
https://www.cplspa.comstufts@plspa.com
CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:
Fraudulent Form 1099MISC | 1099 NEC
1. What is a fraudulent 1099?
2. Federal law IRC Section 7434- what is it? 3. Fraudulent as to form itself? Independent contractor vs employee
4. Fraudulent as to amount? 5. Vindictive uses of form
6. Using the form as means of harassment
7. Suing under Federal law. How does it work? We can help Pull IRC Section 7434 Pull Form 1099-NEC (2022) Pull Form 1099-MISC (2022)
Interview with Attorney Tee Persad
call 877-647-7887 OR email: stufts@cplspa.com
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will interview Attorney Tee Persad about his new program Private Corporate Counsel, and its involvement with taxes, tax laws, and tax forms and their effect on PCC.
Retrieving Lost Tax Returns Copies
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses Retrieving Lost Tax Returns Copies
New IRS Form 7203
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stufts@plspa.com
CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses All-New IRS Form 7203 and discusses how it is brewing up S Corp Shareholders Stock and debt basis.
Filing Taxes While Working Remotely Abroad
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stufts@plspa.com
CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses filing your taxes while working remotely abroad.
Don’t Overlook Questions IRS Asks on Tax Returns Being Filed
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stufts@plspa.com
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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses the questions the IRS ask you when filing your Tax returns and why not overlook them.
Amending Partnership Tax Form Using AAR Form 8082
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stufts@plspa.com
CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses the following:
• What is AAR in Form 8082?
• What is BBA Partnership?
•Why do we care?
FORM 8082
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CALL 1-800-647-7887
Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses critical importance of IRS Form 8082, used to contest non-issuance of, or erroneous Schedule K-1 for LLC members, partners and S corporation shareholders and beneficiaries.
When Do Tax Schemes Shelters Become Criminal?
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CALL 1-800-647-7887
Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing:
When does tax becomes criminal "YES", "NO" Boxes on tax returns. Lots of questions on tax returnsI am an Owner, But No K-1?
Mr. T. Scott Tufts (Board Certified Tax Lawyer) focuses on how tax forms and other issues impact people’s daily lives in ways that are often overlooked or unknown. Certain tax forms like Form 1099-NEC or Form 1099-MISC or Schedule K-1 or Form 8082, when filed, can lead to litigation.
Call him at 877-647-7887 OR email him at stufts@cplspa.com
To learn more, visit https://cplspa.com/professionals/t-scott-tufts/
Today's topic will tackle issues about business owners and the K-1 form.
1. Owning a business: how?
a. Sole proprietor/unincorporated b. Corporation c. LLC d. Partnerships2. Closely held vs Publicly traded
3. Tax basics-Pass-thru vs separate taxpayer
4. How to prove ownership
a. Stock or membership certificate b. Bank records c. Schedule K-1 vs W-2 d. Operating Agreements/Shareholder agreements e. Phantom stock/equity/restrictions and IRS Section 83(b) elections5. Practical tips
W4 form
https://www.cplspa.com stufts@plspa.com 1-800-647-7887
Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing Form W4 and the best practices to implement it.
Form 211
https://www.cplspa.com stufts@plspa.com 1-800-647-7887 Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing Form 211 and the best practices to implement it.
Form W9
https://www.cplspa.com stufts@plspa.com 1-800-647-7887 Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing Form W9 and the best practices to implement it.
Whistleblowing/Reporting of Tax Fraud
Whistleblowing/Reporting of Tax Fraud
https//www.cplspa.com stufts@plspa.com 1-800-647-7887
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing Whistleblowing/Reporting of Tax Fraud.
Tufts On Tax–Episode 16–CRYPTOCURRENCY Part two
Tufts On Tax–Episode 16–CRYPTOCURRENCY Part two
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Call 1-800-647-7887
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing CRYPTOCURRENCY and its effect on taxes.
CRYPTOCURRENCY
Tufts On Tax–Episode 15–CRYPTOCURRENCY
https//www.cplspa.com stufts@plspa.com 1-800-647-7887
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing CRYPTOCURRENCY and its effect on taxes.
Form SS-8
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1-800-647-7887
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be answering important questions regarding Form SS-8.
Operating Agreement
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing the Operating Agreement and its effect on taxes.
call 877-647-7887 OR email: stufts@cplspa.com
Interview with Attorney Hallie Zobel
Tufts On Tax–Episode 12(Interview with Attorney Hallie Zobel) https//www.cplspa.com stufts@plspa.com 1-800-647-7887.
Tax Attorney T. Scott Tufts speaks with immigration Law Attorney Hallie Zobel about the impact of taxes on her Practice( Probate, Estate Planning law).
Interview with Attorney Evelyn Pabon Figueroa
Tufts On Tax–Episode 11(Interview with Attorney Evelyn Pabon Figueroa) https//www.cplspa.com stufts@plspa.com 1-800-647-7887.
Tax Attorney T. Scott Tufts speaks with immigration Law Attorney Evelyn Pabon Figueroa about the impact of taxes on her Practice( immigration law, Bankruptcy law).
Why Forms matter in 2021
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing The following:
Your Tax Return Preparation, Tools Questions on the Return, and Cryptocurrency.
Creating our Tax Troubles Menu:
1. Partnerships LLCs S Corps Trusts (Forms 1065, 1120-S, 1041) and K-1s
2. Special- Foreign Operations and the New K-2 and K-3
3. Estates and K-1s- Forms 1041
4. Foreign Entities and Trusts- Form 3520
5. Sole Proprietorships and wholly-owned LLCs and Disregarded Entities -EINs- Schedule C -
6. Disgruntled Workers, W-2s, Matching, Trust Fund Taxes, and CAWR Dept
7. Form 1099-NEC and Independent Contractors
8. Form 1099-MISC and Settlements- is it income? \
9. Abusive tax shelters -too good to be true
10. Form W-9- don’t overlook this?
The Federal Tax Law Changes in 2021
Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing changes in the Federal Tax Code in 2021. He focuses on how these changes will affect us in areas such as; estate taxes, Social Security, capital gains and losses, and tax rates.
The American Rescue Plan Act Greatly Expands Benefits through the Tax Code 2021
Tax Attorney T. Scott Tufts will be answering questions regarding The American Rescue Plan Act and its effect on Taxes.
Tricky Questions
https//www.cplspa.com, stufts@plspa.com, 1-800-647-7887.
Attorney T. Scott Tufts will be discussing tricky questions when using Tax return preparation software.
IRS Form 1099
Attorney T. Scott Tufts focuses on how tax forms and other issues impact people's daily lives in ways that are often overlooked or unknown. Certain tax forms like Form 1099-NEC or Form 1099-MISC when filed can lead to litigation.
Interview with Attorney Lisa Hu Barquist
Mr. Tufts will be talking with Attorney Lisa Hu Barquist focusing on Form Schedule K-1, K-2, K-3, on international matters and their impact on her practice.
Interview with Attorney Aubrey Ducker
Mr. Tufts will be talking with Family Law Attorney Aubrey Ducker focusing on Form Schedule K-1 and its impact on Family Law.
A Brief on K1 Form
Mr. Tufts focuses on how tax forms and other issues impact people’s daily lives in ways that are often overlooked or unknown. Certain tax forms like the Form Schedule K-1 when filed, can lead to litigation. Attorney Tufts will be talking briefly about the impact of Form K-1.
The Six Segments of Tax Forms
Attorney T. Scott Tufts will be discussing briefly, in general, the six important segments of Tax Forms.
Overview on Tax Laws
Attorney T. Scott Tufts will be discussing, in general, how anyone can fall into lawsuit on taxes and how he can step in to help you with his experience and expertise.