Frequently Asked Tax Questions! Q: We have been living together for a while. We bicker, are not married. How should we file?A: Grace and Frankie, interesting question! Only a handful of states, including Rhode Island, still recognize some form of common-law marriage. Thus, if you meet the state requirements you can file a joint return for Rhode Island AND the IRS.
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Hello Rich,Happy New Year! Tax season is upon us — okay, ME. Here are some brief suggestions, reminders and cautions. My aspiration for 2020 — not to give up, on my community, country, planet. Best wishes — Rich Not Every Meal Is Deductible! Not every meal or beverage you take in during business hours is deductible. If
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SUN-SET! Thinking about going solar? The current, lucrative 30% Federal tax credit will decrease to 26% in 2020 and then to 22% for units “put into service” during 2021. Then ZERO for residential units, and a reduced rate for commercial properties for a couple of years. Even with the credit, it can be an expensive —
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NOTE: This article predates the tax law changes that went into effect January 1, 2018. While the structures of the various entities have not changed, there have been important changes to relevant tax rates and deductions. Originally published on Jun 11, 2014. My company, ALSD, incorporates businesses and organizes LLC’s. This year Triple Hcame to me
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