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    Restaurant Remodeling Costs
    Halverson & Company
    • Dec 11, 2015
    • 4 min

    Restaurant Remodeling Costs

    The IRS released Revenue Procedure 2015-56 which provides a safe harbor method of accounting for costs incurred in remodel and refresh...
    110 views0 comments
    Halverson & Company
    • Dec 11, 2015
    • 1 min

    De Minimis Safe Harbor Threshold Increased to $2,500

    On November 24th the IRS issued Notice 2015-82 announcing an increase in the deductible amount for purchases of tangible property for...
    52 views0 comments
    Halverson & Company
    • Jan 6, 2014
    • 1 min

    2014 Extenders

    The Tax Increase and Prevention Act of 2014 ABLE Act/Omnibus Funding Agreement extended a number of critical tax benefits for individuals...
    37 views0 comments
    Halverson & Company
    • Dec 12, 2013
    • 3 min

    New "Repair" Regulations

    On September 12, 2013, the IRS and Treasury Department released final regulations under IRC Section 162(a) and 263(a) on the deduction...
    43 views0 comments
    Halverson & Company
    • Dec 3, 2013
    • 3 min

    Charitable Contributions

    As we draw towards the end of 2013, the season for tax planning is in full swing. One area of tax planning comes to the forefront of many...
    13 views0 comments
    Halverson & Company
    • Nov 7, 2013
    • 2 min

    Mandatory Tips & Sales Tax

    In the restaurant industry, it is common for businesses to post a menu notation requiring a certain percentage mandatory gratuity due...
    6 views0 comments
    Halverson & Company
    • Aug 16, 2013
    • 3 min

    Is Your Business a Hobby?

    Many taxpayers are engaged in businesses that may be classified as a hobby by the Internal Revenue Service (“IRS”). The tax treatment of...
    29 views0 comments
    Halverson & Company
    • Jun 10, 2013
    • 1 min

    Refund Verification

    The Internal Revenue Service (“IRS”) is attempting to pre-verify tax refunds before they are issued. Taxpayers are being notified of this...
    42 views0 comments
    Halverson & Company
    • Feb 9, 2013
    • 2 min

    Tax Return Filing Delays

    It is no secret that taxing authorities are encouraging or requiring taxpayers to participate in electronic filing of their tax returns....
    1 view0 comments
    Halverson & Company
    • Jan 16, 2013
    • 1 min

    Safe Harbor for Home Office Deduction for 2013

    The Internal Revenue Service released Revenue Procedure 2013-13 which provides a simplified method for claiming the home office...
    2 views0 comments
    Halverson & Company
    • Jan 9, 2013
    • 1 min

    The American Taxpayer Relief Act of 2012

    The American Taxpayer Relief Act of 2012 was passed by Congress and signed by the President on January 2, 2013. This new tax law impacts...
    3 views0 comments
    Halverson & Company
    • Nov 12, 2012
    • 2 min

    California Prop 30 - Individual Income Tax Rate Increase and Sales Tax Increase

    California Proposition 30 was voted into law as a constitutional amendment on November 6, 2012 by California voters. Prop 30...
    2 views0 comments
    Halverson & Company
    • Sep 14, 2012
    • 2 min

    Stock Basis Reporting Options

    You are probably aware that brokers must now report your basis in any stocks that you sell during the year to the IRS. (See blog post,...
    0 views0 comments
    Halverson & Company
    • Sep 12, 2012
    • 2 min

    Tax Bulletin: Guidance on Tips and Service Charges

    General Explanation The IRS has issued guidance that clarifies and updates existing guidelines on the taxation of tips (Rev. Rul....
    2 views0 comments
    Halverson & Company
    • Sep 7, 2012
    • 6 min

    2012 Year-End Tax Planning

    2012 began with great uncertainty over federal tax policy and now, with the end of the year approaching, that uncertainty appears to be...
    0 views0 comments
    Halverson & Company
    • Jun 4, 2012
    • 2 min

    Tax Implications of a Short Sale or Foreclosure

    The last thing you want to deal with when facing a foreclosure or short sale of your principal residence is worrying about the tax...
    3 views0 comments
    Halverson & Company
    • May 15, 2012
    • 3 min

    The Corrected 1099-B

    Posted by Halverson & Company | 0 Comments » The Internal Revenue Service (“IRS”) now requires additional reporting related to the sale...
    22 views0 comments
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