Blog
Affirms Passport Revocation by the IRS and State Department is Valid
IRS using Passport Revocation as a Collection Tool The IRS has announced its intention to increase enforcement. It should be no surprise, given the annual tax gap and anticipated federal budget increases. The annual tax gap — the estimated difference between taxes...
WEBINAR On The Inflation Reduction Act: The Good, The Bad, And The Ugly
Webinar: Inflation Reduction Act IRA energy storage & solar tax credit. President Biden signed the Inflation Reduction Act (IRA) of 2022 Into Law! We will answer the following questions and more: Is it true that the IRS is getting ready to go Beast Mode with the...
Nurse Life ain’t easy… especially when you gotta go to prison for tax fraud
Alice White, a nurse, was sentenced to two years in prison for tax fraud and filing false tax returns. A medical records company employed Hansen to evaluate individuals who applied for life insurance policies. Tax Fraud She was responsible for conducting complete...
You Are Late!!! The Individual Tax Filing is October 17
You Are Late!!! Don't Wait Until The Last Minute! The Individual Tax Filing is October 17. We Need Your TAX Information by tomorrow, 09/30, at 5 pm; otherwise, we cannot guarantee that your tax returns will be ready before the deadline. You will be subject to...
You Have Tax Questions. We Have Answers!
How much can my child, Chloe, earn tax-free in 2022? Chloe's salary for 2022 should be $12,950.00, the same amount as the standard deduction for a single person for the year. Should I set my child, Chloe, with a Roth IRA or a 401K? For most children, a Roth IRA is the...
Going Green? Get Green for Going Green
The Inflation Reduction Act (IRA), which was just enacted, includes an expanded tax credit for electric vehicles. The IRA launched a commercial clean vehicle credit for business-use electric vehicles. And it is much better than the credit for personal-use electric...
End-of-Year Tax Planning Ideas for Small Business Owners
As we approach the last few months of the calendar year, it's time to start thinking about ways to reduce your small business taxes. Deferring income and accelerating deductions to minimize taxes—the standard year-end approach—will likely give your business the best...
Love eating out? Don’t Forget to Deduct 100% of Business Meals in 2022
The tax deductibility of some meals and entertainment can be exciting when starting a business, but it varies from situation to situation. The Consolidated Appropriations Act changed how tax-deductible pricey steak dinners are for the 2021 and 2022 tax years. Deduct...
Are you a real estate professional or investor looking for ways to cut your taxes?
Are you a real estate professional or investor looking for ways to cut your taxes? This is your opportunity to register for our WEBINAR. We will cover: 1) How Do I Achieve the REPs to Cut my Taxes? 2) Sell Your Primary Home to Your Corporation 3) What Are Passive...
Would you like to terminate or lower your profit-sharing agreement with the IRS?
Are you a business owner? How would you like to terminate or lower your profit-sharing agreement with the IRS? Most small business owners OVERPAY in taxes - are you? You and I know that the cold, hard truth is that most small business owners and entrepreneurs are...
