Educating Business Owners about Tax Deductions.

Well it seems that no one is immune from the stress and anxiety in raised gas prices. Even those who are driving electric vehicles realize that when gas prices go up, so does everything else. The inflation wheel! Talking about electric vehicles - is now the time to...

I get a lot of calls from business owners who set up an LLC for their business. Why an LLC? Perhaps they read about it online or an attorney recommended an LLC. For income tax purposes, an LLC is generally not a good choice. An LLC does not offer you any income tax...

Great news, the IRS is stepping into the world of CUSTOMER FIRST type service. As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to...

It is without a doubt healthier and cheaper to cook at home. So my experiment of going to the grocery store every day and buying only what I need for that day worked like a charm this week. We spent less, wasted less and are healthier! I know that you are going to say...

On March 1st, the IRS issued a reminder to all Gig Workers: Gig economy earnings are taxable The gig economy is activity where people earn income providing on-demand work, services or goods. Often, it's through a digital platform like an app or website. Taxpayers must...

Were you legally married on December 31st? Then by IRS law you must file a "Married" tax return for the entire year. The IRS does not allow for a split year. You file based on your status at 12/31. Married taxpayers in the US can choose to file separately from their...

I have had many conversations with clients over the last week about buying real estate somewhere they would like to retire. Makes sense right? The stock market is topsy turvey right now and rather than have cash sitting idly in a bank account, lets invest! So where to...

Have you tried calling the IRS? I have. The wait can be hours and that is even if you are able to get into the call queue. So if you need information on your prior filings or copies of forms, your best solution is to create an online account at www.irs.gov. Now...

There is huge pressure on big banks to be competitive and remove Overdraft Fees. Capital One and Ally Bank have both elmininated these fees altogether. Chase is giving customers who overdraw their accounts by $50 or less a grace period. Bank of America is cutting...

Hi there friends and colleagues. I wanted to give you a MONEY DAY update on my grocery store plan. Those of you who read last FRidya's post will know that I intended to stop at the grocery store once a day and pick up food only for that day. With limited time, I would...