• 100 Park Avenue 16th Floor New York, NY 10017
  • Freedom From Your Tax Troubles: +212-490-0704
Shamsey Oloko May 6, 2016 Audit, Business Expense, Business Expenses, Charitable Contributions, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Fraudulent Return, Frivolous Return Program, Home Office, Income Tax, Medical Expenses, Ordinary and Necessary Expenses, Representation, Tax Fraud 0

Pushing It To The Limit: Odd, Unusual And Crazy Tax Deductions

Working at the IRS or representing clients before the IRS has its perks and advantages. Having the opportunity to observe all of the outlandish and bizarre attempts by taxpayers to assert legitimate,valid tax deductions is rare. On one hand, it…

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Shamsey Oloko April 6, 2016 Business Expenses, Capital Losses, Corporate Tax, Deductions, Expenses Deductions, Form 1040, Gains & Losses, Income Tax, Interest Income, Ordinary and Necessary Expenses, Representation, Taxable Income 0

Losses, Expenses and Interest between Related Taxpayers – Know The (Tax) Code: 26 U.S.C. §267

Congress, aware that related parties could create fictitious tax losses lacking economic substance based upon the related parties continued enjoyment of the property subject to the loss, enacted § 267 of the Internal Revenue Code to disallow certain losses and…

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Shamsey Oloko March 24, 2016 Deductions, Expenses Deductions, Income Tax, New York Income Tax, New York Sales Tax, New York State Tax, New York State Tax Law, Ordinary and Necessary Expenses, Sales Tax, Schedule A, State & Local Taxes, State Sales Tax 0

What You Need to Know About Deducting State and Local Taxes

Taxpayers that itemize deductions on Schedule A, (and file Form 1040) can deduct the cost of state income taxes on their federal tax return. The ability to deduct the full cost of these taxes  has its obvious advantages. Taxpayers may…

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About Company

At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States. 

  • 100 Park Avenue 16th Floor New York, NY 10017
  • (212) 490-0704
  • (212) 202-3879
  • info@thorgoodlaw.com

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