There is so much misinformation out there. I get questions from (potential) clients who want me to confirm what they heard “from their friend’s accountant”, that deductions like these are legit. When I tell them no, I often don’t hear back from them again. Nine Tax […]Read More
Many people change their job in the summer. If you look for a new job in the same line of work, you may be able to deduct some of your job hunting costs. Here are some key tax facts you should know about if you search for a new job: Same Occupation. Your expenses must be for a job search in your […]Read More deductible expenses, job hunting
This is a great way to approach audits for clients.
DEFINE THE FIGHT – DON’T LOSE AN AUDIT BEFORE IT STARTS | LEVERAGE SALT, LLC.
Dealing effectively with the Internal Revenue Service (IRS) or other state or local tax authorities requires specialized knowledge and experience. Only licensed attorneys, certified public accountants and enrolled agents can represent you before the IRS. My Tax Representation Services Include IRS […]Read More audits, collections, examinations, injured spouse relief, installment agreements, late tax returns, levies, liens, offer in compromise innocent spouse relief, penalty reduction, problem resolution, tax representation, taxes, unfiled tax returns
How Important is Good Tax Preparation? It’s Very Important Knowing whether an item of income needs to be declared or not and how to declare it, or if it can be excluded. Deciding whether an expense item should be taken as a deduction or if it can be taken as a credit. Knowing your specific […]Read More tax filing, tax prep, tax preparation, taxes
The tax rules applicable to the business automobile are very complex. In this post, I’ll present several ideas to maximize your business automobile deductions. Maximizing Your Daily Deductions Use two cars for business to get maximum deductions: If you drive only one car for business, the […]Read More auto expense, business, deduct, taxes
The tax rules applicable to the business automobile are very complex. In this post, I’ll present some ideas to determine your business automobile deductions and lock them in with proper documentation. Audit-Proof Your Business Automobile Tax Deductions Business use rules: IRS requires you […]Read More auto expense, business, deduct, recordkeeping, taxes
With a key May 15 filing deadline facing many tax-exempt organizations, the Internal Revenue Service today cautioned these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Form 990, and consider taking advantage of the speed and convenience of […]Read More tax filing, tax-exempt, tax-exempt organizations, taxes
The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office. Here are some things you should know about IRS notices and letters. There are a number of reasons why the […]Read More notice, taxes