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PETER GOODBODY   Schedule C/ Business Tax Help/ Experienced  (Hawaii)
Honolulu, HI  96826

I answer tax questions for Tax Act. I want to offer advice on preparing small business returns that will legally entitle you to take the most deduct and save you dollars. I will concentrate on sole proprietorships not partnerships and corporations. I do not prepare partnership, corporation, or trust returns. I do not do cancellation of debt, bankruptcies, foreclosures, or 1031 exchanges. Sole proprietorships are reported on schedule C.

  • Income Reporting
  • Business Expense Reporting
  • Expenses many people fail to take as business expenses such as a share of tax preperation expenses and gifts. Taking these will save dollars on taxes.
  • Automobile and Vehicle Deductions
  • Depreciating Business Assets
  • Repairs v. Capital Assets
  • Section 179
  • Life of Assets
  • Sale of Assets
  • Estimated Taxes
I want you to learn how to do returns with all your investment income properly entered. This encompasses many areas all of which I have taught in advanced tax seminars over a period of 15 years. Some broad areas are:
  • Reporting K - 1 s on your tax return
  • Interest
  • Dividends
  • Bonds
  • Non Taxable Interest
  • Non Taxable Dividends
  • Rentals
  • Part Personal Part Business Rentals
  • Sale of Stock
  • Basis of Stock
  • Wash Sales (Where the IRS does not allow you to take a loss if you buy, acquire, or enter into a contract or option to acquire substantially the same stock within 30 days.).

REMINDING CUSTOMERS TO RATE INGENIO ADVISORS, YOU SHOULD STAY ON THE LINE AFTER AN INGENIO CALL AND ENTER A RATING USING THE TOUCH TONE PADS ON YOUR TELEPHONE. YOU WILL NOT BE CHARGED WHILE YOU ARE ENTERING THE RATINGS, AND THOSE RATINGS WILL HELP OTHER INGENIO MEMBERS DISTINGUISH THE GOOD SPEAKERS FROM THE *GREAT ONES*. I NEED A FIVE STAR AVERAGE TO BE LISTED AMONG THE BEST TAX ADVISORS. IT IS VERY HELPFUL TO LEAVE COMMENTS.

If you prefer you may contact me via Ingenio Mail. An Ingenio Mail response will typically be returned within 24 hours. The fee schedule for answering Ingenio E Mail inquiries is as follows (Based on the amount of time spent determining and formulating the response.):

  • $10 - $15 (Involving a relatively brief explanation)
  • $16 - $21 (Involving some research or a moderate degree of explanation)
  • $22 - $50 (Involving extensive research or a lengthy explanation)
 Professional Designation: BA COLORADO COLLEGE  
PETER GOODBODY's Feedback
Rating: 5 stars
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Ljhere   5 stars Excellent Info as usual. I have used Peter's advise for years in my small business. His advise is down to earth and he thinks just like we do (small business person), the KISS method. 
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