To get my complete, FREE articlewith all the details… NOTE: In this email, we’re defining “cryptocurrency” as digital money that can be accepted as payment by willing partners. Think Bitcoin and other “coins.” Be warned! The IRS is now taking a close look at your cryptocurrency activities. That’s right. The IRS is now strictly enforcing compliance with the … [Read more...]
IRS Audit Issue: SUV Built on Car Chassis
To get my complete, FREE articlewith all the details… “When is an SUV a car, and when is it a truck?” This may sound like a riddle, but believe me, it’s not. It’s the basis for a painful IRS audit aimed at an innocent taxpayer. Here’s the story.(Strap on your seat belt. You’re in for a wild ride.) Check out the IRS’s twisted logic… An SUV that’s built on a … [Read more...]
A Dangerous Duo: The IRS and the Tax Assessor
To get our complete, FREE articlewith all the details… Knock, knock. Who’s there? The IRS tax auditor. The IRS tax auditor who? The IRS tax auditor who’s going to make your life a living hell because you don’t have proof of your cost allocation to land and depreciable buildings. Actually, this is no joke. If you own rental property, you’d better come up … [Read more...]
Do You Owe the Nanny Tax?
To get my complete, FREE articlewith all the details… Hang on a second! If you think the “nanny tax” doesn’t apply to you, because you don’t have a nanny taking care of your kids, keep reading. You see, you’re responsible for paying the nanny tax if you have a household employee such as a: NannyBabysitterLive-in housekeeperPrivate nurseDriver… and so on A … [Read more...]
Big Government Help for the Self-Employed
To get our complete, FREE articlewith all the details… If you’re self-employed, you should know this important fact… Legislators have not forgotten you during this difficult period. In fact, Congress has taken unprecedented steps to help the self-employed who are cash-strapped during the COVID-19 pandemic. What big cash benefits might you be entitled to? Do … [Read more...]