Finding the Top Audit Firms for Your Business
Have you tried to get a loan for your business and the bank had the nerve to question the validity of your financial statements? Are you in need of an external audit for your business? All because someone had the nerve to question the validity of your financial statements. Don’t take it personally. It’s a […]
HSA Audit Warning Signs and How to Stop Them
Opening a letter from the internal revenue service is an instant headache. Usually, it’s a Notice CP2000, the standard automated letter the IRS sends when their computers think you forgot to report your hsa distributions on your tax return. These unexpected notices can be extremely stressfull, especially if you assumed your tax professional handled everything […]
How to Write Off Your Trip Legally
Don’t assume you can just slap a business trip label on your next family vacation and call it a day. The Internal Revenue Service does not play that game. If you ever face an audit, they will comb through your travel expense records looking for hard proof that your trip was primarily for business purposes. […]
Tax Refund Advance: Advantages & Disadvantages
You file your taxes, and suddenly you’re stuck in the ultimate waiting game with the IRS. That’s why you see so many flashy ads for a tax refund advance online the second tax season rolls around. Essentially, a tax refund advance, a tax refund anticipation loan, is just a shortcut to your own money. It […]
How to Avoid Crypto Taxes Legally
Tired of feeling like the IRS watches every single click inside your crypto wallet? You are completely right to feel that way. The government treats your crypto assets like property. That means all of your crypto transactions can trigger a painful crypto tax liability. But here is the insider secret, if you want to avoid […]
Understanding Qualified vs Non Qualified Dividends
Dividends are the secret weapon of wealthy investors. But making money is only half the battle. Keeping it from the IRS is the real challenge. But the IRS watches those dividends paid just as closely. Their rules will directly hit your bottom line. Throwing cash into mutual funds or dividend stocks feels great. But you […]
What Is a Tax Refund Advance Online?
Are you feeling the crushing weight of unexpected bills or mounting expenses? Waiting weeks for the IRS to process your return can feel like an eternity when your bank account is running low. A tax refund advance online sounds like the ultimate lifeline, fast cash when you need it most. But before you sign on […]
Understanding Unreimbursed Partnership and Business Expenses
As a partner in an LLC or LLP, you’ve probably paid for business expenses out of your own pocket. Fortunately, you are still able to deduct these. However, the IRS treats these dollars very differently than if you were an S-Corp owner or a standard employee. These out-of-pocket costs are known as Unreimbursed Partnership Expenses […]