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enero 2017

A Not-So-Small Business Keeps Growing

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Fifteen years ago, I moved my business into a new headquarters, reorganized the company and wrote in our newsletter about my succession plans to keep Palisades Hudson going at some future time when I would no longer be present to run it.
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Duly Noted

Court Permits Deduction For Executive MBA. Taxpayers can deduct the cost of education that maintains or improves skills required in their current professions, but not those that qualify them for a new trade or business. The Internal Revenue Service disallowed deductions claimed by Alex Kopaigora for the Executive MBA program at Brigham Young University. Kopaigora commuted on weekends to the Provo, Utah, campus from Los Angeles, where he was a hotel accounting manager before losing his job partway through the program. The IRS claimed Kopaigora’s unemployment meant he could not qualify for the deductions, but the Tax Court disagreed.
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