To get my complete, FREE articlewith all the details… Seven R. Olmos DDS made a terrible mistake. One that I hope you never make. He failed to file a tax return. How did Dr. Olmos make such an obvious error? Well, everybody knows that failing to file a tax return is like waving a red flag in front of a bull. So how did Dr. Olmos, a sophisticated taxpayer, … [Read more...]
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A Sneak Peek Inside an IRS Playbook
To get my complete, FREE articlewith all the details… You open the mailbox and there it is… That dreaded letter from the IRS informing you that you’re going to be the target of a comprehensive audit. Ouch! (By the way, the stiff drink you gulp down, and the adult diapers you purchase, are NOT deductible!) Are you prepared for your audit?Your IRS agent sure … [Read more...]
Is an IRS ‘Private Letter Ruling’ Worth Getting?
To get my complete, FREE articlewith all the details… Do you have a question for the IRS? It’s very possible that the IRS can answer it in a “private letter ruling” (PLR) Please note: that I’m not talking about easy questions like… Can I deduct the cost of a party for my employees?Can I deduct the cost of a home office if it’s located in my garage? No! I’m … [Read more...]
Principal residence gain-exclusion break (Part 1 of 3)
To get my complete, FREE articlewith all the details… Are you going to sell your home, or are just thinking about it? Then you may be eligible to take advantage of one of the most terrific tax-breaks allowed by the IRS! I’m talking about the “Principal Residence Gain Exclusion” break. Why this money saving opportunity is so important now. As you know, the … [Read more...]
The nightmare of payroll tax embezzlement
To get my complete, FREE articlewith all the details… What’s more painful than sending withheld payroll taxes to the IRS? Having them embezzled by an employee! And believe me, it happens all the time. And when it does, you take a double hit. First, you lose the cash you worked so hard to earn.Second, you still have to make good the payroll tax money you owe the … [Read more...]