IMPORTED FROM DETROIT, EXPORTED TO AKRON

RothLawAppeals, Tax Litigation

Chrysler’s slogan, “Imported from Detroit,” means to take on its Japanese and German competition head on, both on quality and reputation.  But as the web of state tax laws becomes more and more intricate, that slogan can also serve as a warning to business owners. For those companies conducting business in several states, the tax picture is getting ever more … Read More

HOBBY VS BUSINESS

RothLawAppeals, Business Services, Tax Litigation

The distinction between a hobby, no matter how passionately engaged in, and a business, is critical, and not only if you plan to appear on Shark Tank.  It is critical when appearing before the IRS, too.  Business expenses are deductible.  The money spent on a hobby is not.  This has particular implications for company owners.  Incorporating, alone, does not mean the … Read More

FUN WHILE WORKING

RothLawBusiness Services, Tax Litigation

A husband and wife own an insurance agency.  They are also avid RVers.  Putting the two together, they make a portion of their business selling RV insurance.  That is something not every agency offers. They also enjoy traveling to RV meets where, by the by, they never fail to put up a booth, not to mention pester their fellow meet-goers about … Read More

BUSINESS OWNERS’ THICK TAX FILES

RothLawAppeals, Business Services, Tax Litigation

Business owners are used to seeing thick tax returns.  The intricacies of the tax code demand it.  The returns filed this month or last (depending on the nature of the business) were surely no exception. Understanding tax laws does not stop at the nearly 4 million words in the code itself.  On top of the code, there are thousands of … Read More

WHEN OWNERSHIP STOPS BEING A SIMPLE CONCEPT

RothLawAppeals, Business Services, Tax Litigation

Some of Florida’s beautiful barrier islands, with their tranquil beaches, are in fact government-owned lands.  On those, developers have the right to build vacation and beach houses, which are in turn leased, sometimes over a very long term, to vacationers and locals alike. The developers will be taxed differently if they are deemed to own the houses or lease them … Read More