by Wendy Barlin | Apr 4, 2022 | Uncategorized
Hi there taxpayers One of the myths I often hear about is the misconception that Like Kind Exchanges apply when you sell your home and buy a new one within 180 days so no capital gains tax is due. This is completely untrue! There is IRS code 1031 does allow for the...
by Wendy Barlin | Apr 1, 2022 | Uncategorized
Good morning taxpayers and welcome to another Friday being MONEY DAY. It seems to me that life just keeps happening to us all. This week my husband was in agony with a sore tooth. After two dental appointments, we find he needs to have a tooth removed and an implant....
by Wendy Barlin | Mar 30, 2022 | Uncategorized
Today I wanted to write about the onslaught of calls I have been getting from clients who listen to a podcast that presents some amazing tax plans to avoid paying taxes. I always welcome ideas and discussions about tax and cash flow strategies, bring it on and...
by Wendy Barlin | Mar 28, 2022 | Uncategorized
Who, how and how much continue to be questions regarding deducting your Home Office. You will find a worksheet that will help with many of the details as a free download on my website at www.wendybarlin.com. Employees cannot deduct their home office period. The law...
by Wendy Barlin | Mar 25, 2022 | Uncategorized
How did you do managing your money this week? I look back at how I spent my money this week and then what to expect for next week. Gas was more for sure. I filled my car and paid $78. That hurt! I had a plumbing issue at my house and that hurt too. So this weekend...
by Wendy Barlin | Mar 23, 2022 | Uncategorized
Business owners, sadly, a comprehensive list does not exist. The IRS does not provide a complete list of expenses that are deductible for businesses. Instead, Internal Revenue Code 162(a) states that a deductible business expense is any expense that is both ordinary...
