by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 10, 2022 | Business Planning, Financial Audit, Financial Services, Palma Financial Services, Pro Tips, Tax Planning
There are more cases where the Limited Liability Company (LLC) is “pierced” in a lawsuit, and a plaintiff grabs the owner’s assets. The reason why…owners are not doing their annual maintenance such as annual meeting LLC. Now it doesn’t have to be expensive; it can be...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 3, 2022 | Accounting Services, Bookkeeping, Financial Audit, Financial Services, Palma Financial Services, Tax Planning
When you know the tax rules related to business mileage, you: Protect yourself in the event of an I.R.S. audit, and Pay less in taxes These Business Mileage Tax Tricks Help You Save Take Brandon, for example. Before he knew the mileage rules, he deducted 30 percent of...
by mpalma | Jul 10, 2021 | Financial Audit
Lisa and Jimmy got audited by the I.R.S. This is what happened. They had an excruciating meeting with the I.R.S. Audit Results: The auditor examined their three rental properties, disallowed their losses, and told them to expect a tax bill for $55,000. Current score:...
