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The Costs of Not Hiring a Tax Professional – Another Example!

The Costs of Not Hiring a Tax Professional! Recently, I was hired to give a consultation to an Advanced Degreed Medical Professional who hired a non-licensed tax professional to prepare a recent year’s tax return.  He saved money since the tax- preparer charged him a nominal fee to prepare the return or so it seems.  […]

Ignoring Your IRS Tax Debt Can Have Unintended Consequences!

A new law allows the IRS to sieze your passport if you owe the IRS $50,000 or more. The IRS can cancel your passport by proposing that you owe $50,000 or more without giving you a chance to dispute it.  This seems unconstitutional since it infers you owe the money when, in fact, it could […]

Why Not To Pay Tax Deductible/Capital Type Items By Cash?

     Paying Your Business Expenses, Home Improvements, Rental Property Repairs, Medical Bills or Charitable or Church Donations By Cash?                                                                              […]

Renting Your Home/Second Home Tax Free

This is a potential hidden gem in the tax code if utilized properly.   Renting Your Home/Second Home Tax Free There is a special rule: if you use a dwelling unit as a personal residence and rent it for fewer than 15 days, you do not need to report any of the rental income and […]

Automation/Technology Replacing Jobs – Is This A Good Move?

This topic came to mind and was initiated by a friend who posted that her very recent airline flight auto landed itself after the pilot announced that the plane’s built-in system would do the landing because of the fog over the airport. Thank God she landed safely because she is a Goddess, a great person […]