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How Renting From Your Spouse Saves You Taxes

Do you file Schedule C for your business? Is your business profitable? Is there property or equipment your spouse owns separately or co-owns with you that you can use in your business? If the answer to all these questions are yes, then this article will show you a tax strategy
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How To Deduct Mileage To Your Rental Properties

We recently started working with a new client who lives in Southern California and owns multiple rental properties in Northern California. During the initial meeting with our client, she explained how she made frequent trips to Northern California to visit her rental properties
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Repaying Home Buyer Plan (HBP) and Non-Residents

At Gedeon Law & CPA, we’ve worked with many Canadians who have taken out money from their RRSPs under the Home Buyers’ Plan (HBP) and then moved to the US with an unpaid balance. As most Canadians know, HBP is a program that allows Canadians to withdraw up
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Tax Deduction For Your Child’s Education

Recently, one of our clients contacted us about hiring her daughter to work in her business. Her daughter is currently in college and our client was curious if she could claim her daughter’s education costs as a business expense. My client’s daughter is 21 years old
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S Corps That Discriminate On Health Insurance Coverage

At Gedeon Law & CPA, we specialize in dealing with the tax issues facing S corporation owners. Case in point. The tax law dealing with health insurance for a greater than 2% S corporation shareholder-employee can be tricky. It becomes even trickier when the S corporation does
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13 Year End Tax Planning Tips

As we enter the last quarter of the year, it’s a good time for business owners to start thinking about year-end tax planning opportunities for 2012 and to start planning for the following tax year when it comes to growing cash flow, structuring business operations and
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Incentive to Form a C Corporation

We recently posted an article on our website that provides guidance on how to do business in California. While working with our clients to decide what legal structure best suits their business needs, we would be remiss to mention the tax savings available to investors in a C
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Guide to Doing Business In California

At Gedeon Law & CPA, we regularly work with a lot of start up business that need help with deciding how to do business in California. You can conduct business in California through a number of legal structures ranging from sole proprietorships to corporations. In this
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How Canadians Save Taxes While Working in the U.S.

At Gedeon Law & CPA, we regularly work with clients from Canada who come to work in the U.S. on a temporary basis. By temporary, we mean a work assignment generally lasting 2 years or less. A case in point, we recently started working with a journalist from a major Canadian
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Does TurboTax support filing the 1040NR form?

Tax form 1040NR is a federal tax form for non-U.S. residents who received any income (trade or business) from a U.S. source. This form is not included in any version of the tax preparation software TurboTax. In fact, none of the popular commercial software programs support either
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