You probably already received a notice from Multnomah County regarding upcoming changes for the 2008 tax year, and if you actually read it - congratulations!  You are probably among the 5 to 10% that actually read these type of notices - most of whom are probably accountants.  Since most people rate tax law updates right [...]

At the PDXwi event last week, I was asked a very interesting question: Should a home based single-member LLC pay rent to the owner of the home–the same person– in order to avoid any “piercing of the veil” problems.
I found an answer to this problem in IRS publication 587. Single member LLCs are disregarded entities [...]