If you happen to be like me - desperately seeking any distraction from this holiday season - there is no better time than the present to start some year end tax planning. Why is tax planning particularly important this year for almost EVERYONE? Basically the Tax...
Ho Ho Ho! Everyone is writing about being charitable today to assuage that capitalist guilt. 'Tis the season. Charity my friends and loyal readers starts in the home. Be charitable and loving with yourself first and foremost. Nurture your soul. Make yourself a better human being...
Greetings fellow business owners and tax nerds alike! Tax planning time for small business owners is upon us. As we run full tilt into the holidays - between storing boats & fishing poles, repairing bikes, readying hunting gear and waxing skis don't forget to THINK about...
When not riding my mountain bike in the Rocky Mountains I tend to hang out with tax nerds ...
Tax Planning Under the TCJA for Pass Through Entities...
IRS penalty relief brings big business opportunities for astute tax practitioners as the IRS does indeed have the authority to provide relief from various penalties if you know how to do the dance. In 2014 the IRS abated either in part or in full approximately 12.3%...
The New DRAFT version 2019 Form W-4 is a Rage Inducing Abomination. When I first looked at the new DRAFT version of the 2019 Form W-4 Employee’s Withholding Allowance Certificate my initial reaction was RAGE. Yes, RAGE! Rage towards an unnecessary yet profound encroachment of privacy by our federal...
How to Formulate an IRS Penalty Abatement Request Greetings fellow tax nerds! Perhaps life might suck for me at present but lately there seems to be nothing more satisfying than making tax penalties go away. Think about it. You're a good person. You work hard. You struggle...
How to Submit a Reasonable Cause Claim to the IRS If you have not filed your personal income tax form (1040) generally IMHO you should GET THE TAX FORM FILED ASAP without consideration for the yet to be assessed penalties. Then exercise patience. Wait for the IRS to...