Lower Your Taxes With These Trump Tax Strategies Even If You Are A Biden Supporter President Trump’s Taxes made the news a few months ago, when the New York Times reported that Trump had only paid $750 in taxes the year he was elected and the year after. They also reported that he paid no […]
Stimulus Check Questions and Answers
The first question is what do we call it! Is it the Stimulus Check? The Recovery Rebate? Or maybe even the CARES Act payment. For 2020 most people are calling it the Stimulus Check. The IRS calls it the Economic Impact Payment. Here are the most common questions I have been hearing about the 2020 […]
5 Tax Tips for The Self-Employed
Tax time can be extra taxing for the self-employed. What really do you count as income? What can you deduct as expenses? And why do you have to pay self-employment tax? Here are a few tax tips to help you prepare your self-employed tax return. 1. What is Self-Employment Income? Self employment income can be […]
How To Pay Estimated Taxes When You Run Your Own Business
Congratulations! You have your own business! Now the bad news. Uncle Sam wants a big portion of your income. When you start your own business, one of the first things you must plan for is paying your taxes. How Often Do You Pay Estimated Taxes? As an employee, your employer takes taxes out of each […]
Taxes are Illegal?
The man sitting across my desk had been a client for years. He had come in to tell me that he would not be using my services ever again. “Why?”, I asked. He had found a lawyer who had told him that income and social security taxes were illegal. All my former client needed to […]
What To Do When You Can’t Pay Your Taxes
April 15th has arrived, and you don’t have enough money to pay your taxes. What are you going to do? First of all, don’t panic. You are not alone. Every year thousands of people come up short when it comes time to pay the IRS. Here is what you can do when you can’t pay […]
Over $1 Billion in Refunds Available
Have you filed your 2005 Income tax return yet? That is not a typo, I am asking about your 2005 tax return, not your 2008. The reason I am asking, is because I don’t want the IRS to be able to keep over a billion dollars in uncollected refunds. (Of course, used right that might […]
Eliminate Tax Debt with an IRS Offer in Compromise
Are your unpaid back taxes overwhelming you? Are you looking for tax debt relief? If you don’t think you will ever be able to pay off your tax debt, you may be able to eliminate a large portion of your tax debt with an IRS Offer in Compromise. With an Offer in Compromise, the IRS […]
Help From the IRS for Struggling Home Owners
Many years ago I was doing a tax return for a couple who had had quite a few major financial setbacks the previous year. They had just barely managed to stay in their home. They had avoided foreclosure because their lender was willing to work with them. Their loan had been totally redone and the […]
Are You Still Asking- Where is My Stimulus Payment?
Hi There! Click here for Information on the 2020 Stimulus Payments. This post is an old post on the 2008 rebate checks. Have you filed your 2007 tax return, (even if you don’t normally file), waited at least 6 weeks, yet you still haven’t received your stimulus payment? It sure could come in handy this […]