There’s good news from the IRS! You read that right. As you’ll learn when you read my new article, Uncle Sam has some very good news for you… If you didn’t comply with Obamacare rules in 2014, the IRS likely gave you a big out of those severe $100-a-day penalties! If you did comply with Obamacare rules, you may have overtaxed your employees and, thanks to the new IRS … [Read more...]
Extensions
Sorted by Date
How long should you keep your tax records?
When it comes to the tax law, a lot of people don’t understand what the “statute of limitations” really means. They think it governs the length of time they have to hang on to their tax records. Wrong. The “statute of limitations” refers to the window of time when you and the IRS can make changes to your tax returns. The statute of limitations sets the time periods during … [Read more...]
How to avoid a full-scale IRS audit
In this issue, I’m going to tell you how to incur IRS penalties of up to 47.5% and face a full-scale IRS audit. What’s that? You don’t want to pay massive penalties and undergo a full-scale IRS audit? Then be sure to file your tax return on time! If you’re even thinking about filing late or not filing at all, I urge you to spare yourself some terrible pain and read my new … [Read more...]
Six great ways to cut your 2012 tax bill
With the new year approaching fast, now is the time to act if you want to save money on taxes. What can you do to reduce your tax bill? Well, for starters, you can read my new article which offers four year end tips and strategies on medical deductions and two on retirement. But don’t put it off. Before you know it, we’ll be ringing in 2013 and facing possible huge changes … [Read more...]
How to switch from IRS mileage to actual expenses
Are you getting the most out of your business-vehicle deductions? If you’re using the IRS standard “mileage-rate” method, have you ever wondered what you need to do to switch to the actual expense method? I’ll show how to make that switch the right way when you read my new article titled Tax Tips: You Can Switch from the IRS Mileage Rate to the Actual-Expense Method. Three … [Read more...]