Published on the Cover of The EA Journal

Keith Espinoza is a frequent contributor to the EA Journal.

You can download and read each article by clicking on the thumbnail.

Tax Implications of Home Flipping: Dealer or Investor?
By Keith A. Espinoza, EA

This article discusses the tax implications for and proper tax treatment of small-volume house flippers. Each taxpayer's situation is unique and depends on "facts and circumstances". Recent court cases are examined.

EA Journal Sept-Oct 2021

Code Section 1341 to the Rescue!
By Keith A. Espinoza, EA

This article examines what a "claim of right" is, when these payments are deductible, and an alternate way to decrease your tax even without deducting these payments.

EA Journal Sept-Oct 2021

Limited Partners and Self-Employment Tax
By Keith A. Espinoza, EA

This article discusses the treatment of self-employment tax for partners and the exceptions in the Internal Revenue Code (IRC) for limited partners. Court cases and Treasury Regulations are examined to furthur drill down on what defines a "limited partner". Lastly, the author examines the large variations that can result on a tax return when a misclassification of a limited partner occurs. The results are not always as they would seem.