Understanding the Taxpayer Bill of Rights
Episode 1: Win the Tax Game Your Rights as a Taxpayer- Understanding the Taxpayer Bill of Rights- which applies to all contacts with the IRS. https://youtu.be/7bsv4GD4Xvc
Take the Biden-Trump tax policy challenge!
Here is a quick way to see which side best fits with your personal/business tax planning ideas. Enjoy! 2020-tax-issues-2
Compare the tax policies of the candidates in 2020
This recording/presentation was made on October 6, 2020 and features a non-political presentation of the contrasting tax plans of the presidential candidates. https://www.youtube.com/watch?v=9CGxyyGMznk
IRS Announces 2020 “Dirty Dozen” Tax Scams
The IRS has announced its annual "Dirty Dozen" list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. Here they are for 2020 [...]
A Few Tips on Selecting a Tax Preparer
Here is a recent article I wrote for Bottom Line Publications on a few things to consider when selecting your next tax return preparer. https://bottomlineinc.com/money/tax-preparation/questions-to-ask-when-hiring-a-tax-preparer
2019-2020 Retirement Planning Contribution Limitations
2019-2020 Retirement Planning Contribution Limitations One of the most important business tax planning deductions comes in the way of retirement planning. The use of a retirement plan allows a business to claim a current year [...]
Tax Freedom Day 2019 (or How Many Days do you Need to Work for the IRS Every Year?)
OK- so this is a bit offensive! According to the Tax Foundation, the average American will need to work until April 16, 2019, to pay off all taxes owed for 2019. And it makes a [...]
What is an Independent Contractor after California’s new Rules?
What is an Independent Contractor after California’s new Rules? What is an independent contractor? Traditionally, the difference between an “independent contractor” and “employee” has been a function of the amount of control the business exercises [...]
When Disaster Strikes: Tax Help with Records
When Disaster Strikes: Tax Help with Records It may be a natural disaster (hurricane, fire, tornado, flood, etc.) or man-made (criminal activity, lost or misplaced, etc.), but records have a way of disappearing. This issue [...]
Want to Deduct Business Clothing?
Want to deduct business clothing? Well, it ain't easy. The Tax Court has decided another case in an unfavorable fashion concerning a tax deduction for clothing for a Ralph Lauren salesman. In Barnes v. Commissioner, [...]