IRS Tax Planning Ideas, Tips & News

Yes, Place a Lien on Your Children's Property This May Be An Effective Tax Planning Tool We represent taxpayers who have tax problems. They often owe the IRS thousands of dollars. They may have lost … [Read more...] about Yes, Place a Lien on Your Children’s Property

Is That The IRS Ringing Your Doorbell? I recently attended a webinar and an IRS agent warned the audience of a growing popular scam. A supposedly IRS agent shows up at your residence (or place of … [Read more...] about Scam – Fake IRS Agent Visits Your Residence

Self-Prepared Tax Returns What Makes the Most Sense to You? We were curious how much the average American household spends on income taxes. Looking at data released in August by the Bureau of Labor … [Read more...] about Self-Prepared Tax Returns – What Makes the Most Sense to You?

FSAs and HSAs allow taxpayers to make tax-free contributions to pay for out-of-pocket (co-pays and deductibles) medical expenses. The monies contributed to these plans are shielded from personal … [Read more...] about Flexible Spending Account (FSA) vs. Health Savings Account (HSA)

If you are self-employed and procrastinate filing your personal income tax returns, you not only run the risk of losing a tax refund because your Form 1040 return was filed after the statute of … [Read more...] about How to Lose Social Security Benefits

Remember the days when Swiss banks (as well as banks in other countries) refused to reveal their customers’ names? Some very wealthy Americans placed their assets in these foreign banks to hide them … [Read more...] about Crypto Currency and Taxes