Uncategorized

People who own vacation homes will not have to report any of their income as long as they rent it out for less than 15 days yearly. It is tax-free! You may also claim qualified mortgage interest, property taxes, and casualty losses by claiming deductions on a Schedule A. Once renting a vacation home goes…

There is a common misconception when it comes to investing. Some beginners think you only get taxed when you withdraw the money from your Investment account (for example, your Robinhood account) to your bank. This is a terrible mistake that can come back to bite you. Every time you sell a stock, ETF, or cryptocurrency,…

Do you own a small S-Corporation or a Partnership? The business tax filing DEADLINE is March 15th. However, if you need help and it is too late for you to file your business tax return on time, I can quickly file an extension for you today and get you plenty of time to get your…

All-year-round Tax Firm We never closed a day for COVID Because we always work 100% virtual No contact – No leaving home Confidential, secure, and safe service Reasonable rates Tax problems? We can help! Call and ask for Michael.

Estimated tax penalties apply when you underpay your taxes. Taxpayers who paid too little tax during 2021 can still avoid a surprise tax-time bill and possible penalty by making a quarterly estimated tax payment now, directly to the Internal Revenue Service. The deadline for making a payment for the fourth quarter of 2021 is Tuesday,…

TAX PROBLEMS? Let’s get you up to date with the IRS. Let’s get those un-filed tax returns out of the way. And, those scary notices from the IRS taken care of before we have bigger problems. Perhaps you need a simple Installment Agreement to make paying the IRS easier? Perhaps you still have questions bothering…

Simple Plan to Move Your Small Business Forward: Provide a quality product to your clients as efficiently as possible, and with a consistently branded message. And, speaking about clients, the most important benefits I find from working with a client throughout the year are multiple touchpoints and making proactive communication comfortable. It is not just…

About Michael From helping hard-working folks, families, and struggling small businesses and self-employed friends to navigate the tricky IRS and State rules and penalties…to being the person helping folks make better money decisions, realize their financial dreams, simplify their financial data into solutions that not only make sense but produce much better results. This is…

When you think about traditional tax planning, you usually start with a tax prep mindset, then follow up with a reactive search for tax deductions and meet with your Tax Pro once a year. However, with tax advisory, you start with understanding your goals, identifying proactive strategies that power prosperity, and meeting with your Tax…