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Michael Gray, CPA
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Now available in the June issue of Michael Gray, CPA's Real Estate Tax Letter:

* California Supreme Court ruling could create employee classification headaches.
* Deduction for moving expenses disallowed.
* Charitable deduction disallowed for real estate developer.
* Partnership with two single-member LLC partners didn't qualify for TEFRA small partnership exception.
* Taxation of California income challenged for certain trusts.
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This month in Michael Gray, CPA's Tax & Business Insight:
* California Supreme Court ruling could create employee classification headaches.
* Deduction disallowed for non-cash charitable contributions.
* IRA payments to state unclaimed property are taxable.
* 2019 limits for Health Savings Accounts issued.
* Tax Court says a corporation wasn't tax exempt.
* Taxation of California income challenged for certain trusts.
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Michael Gray, CPA's May Option Alert is about why planning for employee stock options is even more important this year, modifying the terms of an incentive stock option, and accelerated vesting of incentive stock options.
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* Home remodeling deductions disallowed.
* Aircraft chartering business couldn't be grouped with real estate development business.
* Title doesn't control determination of community property.

Read this month's issue of Michael Gray, CPA's Real Estate Tax Letter online now!
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Michael Gray, CPA's Tax & Business Insight for May includes:
* Certain California sales taxes must be separately reported.
* Distributed "tip jar" amounts are taxable wages.
* IRS adjusts 2018 HSA limitation.
* Nonconformity means California reporting headaches for Section 529 tuition plans.
* Son defrauded parents relating to payroll tax liability.
* Individual mandate payment is not a tax for bankruptcy.
* Auto dealership manager could deduct vehicle expenses.
* IC DISC with Roth IRA OK'd.
* Visit our new article: True Professionalism Review
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Happy May Day!
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Read the April issue Michael Gray, CPA's Real Estate Tax Letter for:

* What if you don't have the money to pay the tax?
* No gain or loss for short sale with nonrecourse mortgage.
* Architect was a real estate professional.
* IRS lein only applied to taxpayer's share of former marital home.
* Most office parties and recreational facilities for employees are tax deductible.
* Budget legislation includes tax technical corrections.
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How are inherited employee stock options reported? Michael Gray, CPA's Option Alert for April is now available online!
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The April issue of Michael Gray, CPA's Tax & Business Insight is now available online with:

* Most office parties and recreational facilities for employees are tax deductible.
* Budget legislation includes tax technical corrections.
* IRS says carried interest holding period requirement applies to S corporations.
* Single member LLC defense doesn't eliminate late filing penalty for a partnership income tax return.
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