Year End Tax Savers
What can you do to reduce your taxes at the end of the year? Max out your 401(k) at work. You maximum contribution is $18,000; $24,000 if you’re 50 or…
Owe the IRS? Find Out Your Balance, Easy!
Nothing like calling the IRS to find out your balance and being on hold forever. I have heard horror stories where people were on hold for hours. Yes, plural. Why…
Mileage Rates
Mileage Rates from 2017 to 2019 Mileage 2019 2018 2017 Business .58 .545 .535 Medical/Moving .20 .18 .17 Charity .14 .14 .14
Saving for College
This is a tough one. Between paying for daycare, your own retirement account - how are you expected to save for college? The government doesn't make it easy. There are two…
Name Only Partnership? You May Have a Problem…
For my nerds, today's topic is Nwabasili Tax Court Memo 2016-220. USTaxCourt Link Do you have a business with someone and don't file a partnership tax return? Perhaps you and your…
IRS Report Card
Every year the IRS prepares an executive summary of their performance. You can view these yourself: Their 2017 Objectives Report to Congress and their 2016 Season Review. The IRS needs to…
How to Get Audited!
Let’s face it, my job is to file your taxes accurately, to advise you on how to be compliant, but some of you just don’t want to follow my directions…
The Millennial Guide to Not Being Financially Shafted
It’s what my readers have asked for. So many millennials are being sold and told crazy financial information, typically from a friend, salesman, bartender, cell phone store or heck you…