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The comments and opinions expressed in SOHOTaxTips are intended for informational purposes only and do not constitute tax or financial advice. Due to the changing nature of the tax code, these blog posts may contain dated material. For an update on the current IRS tax code and the application of the law to your particular facts and circumstances, visit the official IRS website and consult a professional advisor. The information contained herein is not a substitute for obtaining tax or financial advice from a qualified professional in your state.

IRS Circular 230 DisclosureIRS CIRCULAR 230 DISCLOSURE: IRS regulations require that we inform you that any U.S. federal tax advice contained in this blog is not intended or written to be used, and cannot be used for (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.