Smart People

Smart people plan ahead. A lot of people react to situations instead of being proactive. I say this because a lot of my clients have the opportunity to utilize my tax plans but, don’t. They

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Over The Road Long Haul 18 Wheeler Big Rig Truck

Top 3 Tax Issues for Truckers

Every tax season thousands of truck drivers leave hundreds of thousands of dollars in tax deductions on the table. This is due in large part to inadequate planning and poor bookkeeping. In addition, many tax

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New small business

10 Things New Business Owners Must Know

Starting a business can be expensive and complex depending on what kind of business you start. A strategic business plan helps you address questions like, what are my capital resources, how will my product or

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Tax and accounting business concept

How to Determine Your Tax Liability

Every year many tax payers have no idea whether they will owe taxes or not. Often, some tax payers feel that they may owe, but have no idea how much or why? Understanding how to

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Paying bills

What to Do When You Owe the IRS

If you receive a tax bill this summer for outstanding taxes, you are expected to pay that bill in full including any penalties and interest. If you can’t pay the outstanding balance, it is sometimes

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Regulations book. Law, rules and regulations concept.

Understanding Your Tax Filing Requirements

Often, tax payer run into tax debt issues because they don’t understand filing requirements or how a lack of compliance could prove to be costly due to penalties and interest added to existing liabilities. The

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Financial audit team is checking the numerical graph to present.

Understanding the Audit Process

If you’ve received a notice of audit from the IRS, here’s a few things you should know to ensure that your experience is as painless as possible. The last thing you want to do is

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Black spouse having precious time together

The IRS Innocent Spouse Rule

The Internal Revenue Service recognizes that sometimes, when a joint return is filed, both parties may not be responsible for a resulting tax liability. However, when a tax liability exist, either party can be held

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Closeup of hand holding black paper card

What Your IRS Tax Notice Really Means

If you’ve received a notice from the IRS it could mean a myriad of things from a miscalculated credit to notice of intent to take further collection action. Generally, IRS notices have a number in

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Income Tax Return Deduction Refund Concept

The New Tax Payer’s Bill of Rights

Recently, the IRS implemented the new tax payer’s bill of rights. This is a great step in helping to eradicate the inherent fear that seems to plague an overwhelming amount of taxpayers. For years, the

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People show has no money by turning the pocket out

Tax Debt and Filing Bankruptcy

In most cases, when you have an IRS tax debt liability, you have a limited amount of options. You can do the obvious, which is paying the full amount you owe, enter into a payment

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Justice, law and legal concept. Judge gavel and law books.

Tax Increase Prevention Act

As the 2014 tax season begins early this year millions of families and businesses alike faced an increase in taxes, but the 113th congress passing of H.R. 5771, Tax Increase Prevention Act of 2014 has

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woman in salon

Tax Court Sides with Salon Owner

Keeping meticulous records is one of the most important aspects of small business operations. Particularly when it comes to taking deductions for expenses incurred in a business considered to be a hobby by the IRS.

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