Irving L. Blackman

Borrowing From Your Company

Tax strategies on company loans, travel deductions, interest deductions and retained earnings.  Read story

Deducting for Conventions

Tax information on convention deductions, property exchanges, and a new IRS computer system.  Read story

Cutting the Family Tax Bill

Tax strategies including stock dividends, working lunches, mileage allowance, IRS rewards, and gift-tax traps.  Read story

Which Returns Get Audited?

Since the IRS can audit only a small percentage of the returns filed, it has developed a method for selecting those with the highest probability for error...  Read story

Two-company Owners

If you own two or more companies -- or own a major interest in two companies -- you could be courting tax disaster if one corporation makes loans to anoth...  Read story

Speeding Up Vehicle Depreciation

Under the new Modified Accelerated Cost Recovery System (MACRS), you depreciate most business-use personal property (equipment, for example) over a seven-...  Read story

Business Valuation Penalties

You may need to get a business valuation for any number of tax reasons. You may make a charitable gift of stock, for example, or your heirs may have to g...  Read story

An April 15 Follow-up;

  Read story

A Way Around Estate Taxes;

ELIMINATING ESTATE TAXES Here's a technique that will let you pass your estate on to your family without any outlay for estate taxes. * Create...  Read story

Lowering The Tax On Multiple Corporations

Many companies set up separate corporations to protect themselves from liability claims. You may decide to do this when you open a new store, introduce a...  Read story

Taxes

Costs Of Business Searches When you're in the market for a new business, you can spend thousands of dollars running ads, traveling around the cou...  Read story

A Quick Loan

Certain restrictions go along with an individual retirement account, and one is that you can't borrow from it. You can't even pledge it as collateral for...  Read story

Attracting Capital

If you're looking for ways to entice friends and relatives to help capitalize your small company, you should know about Section 1244 of the Internal Reven...  Read story

Costs Of Business Searches

When you're in the market for a new business, you can spend thousands of dollars running ads, traveling around the country to look at companies, and hirin...  Read story

Corporate Tax Returns Audited In 1986 (by Size Of Assets)

Balance sheet 1985 returns Number Percent assets filed audited audited $ 0-50,000 ...  Read story

Tax records If you, like many business owners, are awash in a sea of papers, take a look at the tax documents you're hanging on to. You may be keep...  Read story

You still have a month to get your personal finances in shape to take advantage of changes in the tax law

Year-end personal tax strategy Filing a personal tax return is seldom a do-it-yourself project for the owner of a closely held business. But even t...  Read story

A Checklist Of Some Last-minute Maneuvers To Trim Your Company's 1987 Tax Bill

Year-end tax planning works best when you have either a new law or a change in tax rates. This year you have both, and along with them are opportunities ...  Read story

How to save some cash by changing the way you deal with TE expenses . . . planning the use of your second car . . . and thinking twice about capital gains or losses you take in 1987

If you're one of those company owners who routinely deducts unreimbursed business expenses -- meals, entertainment, travel -- on your personal income-tax ...  Read story

Taking Money Out Of A Closely Held Company

With a little planning you can reduce taxes and spread benefits among members of your family.  Read story

When Auto Rebates Concern The IRS

If you are lured into buying a new car by Detroit's latest incentives, is the rebate considered income? The Internal Revenue Service has ruled that it is...  Read story

Choosing The Way To Write Off Bad Debts

Bad debts can drown almost any business. If you don't collect an account receivable, a tax write-off is the next best thing -- and the sooner the better....  Read story

Renewing Interest In Interest-free Loans

The Internal Revenue Service keeps trying to put an end to the practice of companies making loans to employees and shareholders without charging interest,...  Read story

How To Recognize A Good Tax Shelter

Year after year clients bombard their accountants with inquiries about tax shelters. Those questions don't seem to have diminished, even though the top i...  Read story

Why Canceled Checks Aren't Enough

It would be difficult to find a taxpayer who doesn't seek to deduct business-related entertainment expenses. But a recent Tax Court decision serves as a ...  Read story

There's A Hidden Trap In The New Tax Laws

Last year's tax reform can cause trouble when you sell your real estate.  Read story

Who The Irs Audits

Unfortunately, the very things that encourage the IRS to audit you are the things that -- for your own reasons -- you're likely to want on your tax return.  Read story

A Year-end Checklist

The new tax rules make it even more important to take action before December 31.  Read story

How The Tax Cut Affects You

The Reagan tax package doesn't help your business as much as it helps you.  Read story

The Best Pension Plan For Small Firms

Defined benefit pension plans make more sense than profit sharing for most owners of small companies.  Read story

The IRS Wants to Know: What's Your Business Worth?

The IRS will want to know, and you should know how they'll figure it out. Revenue Ruling 59-60 has the answers.  Read story

HOME OFFICES: FOLLOW THE RULES Congress cracked down in 1976 on deductions for using your home as an office. Now a Tax Court ruling has made it clea...  Read story