by Karla Dennis | Aug 21, 2013 | Blog
Hello and welcome; this is Karla Dennis and thank you so much for your interest in a free tax review. A free tax review is going to help you look at your taxes, find things that can help you to reduce your tax bill, point out all of the missing strategies that you may not be aware of as well as give you the opportunity to put more cash back in your pocket and help create your wealth. I would like you to click on the link to the side of this video and join me in filling out the form to get you a free tax review. I look forward to analyzing your taxes and can’t wait to tell you what you’ve been missing. read...
by Karla Dennis | Aug 21, 2013 | Blog
For those who find themselves in a situation to need Tax Resolution it is important to know that you have options. If the IRS is bringing added stress to your life due to the threat of wage garnishment or tax liens there are companies like Cohesive Tax that can help you weather the storm. Karla Dennis and the team at Cohesive Tax have been helping people do just that for several years and want to help you avoid financial ruin at the hands of the IRS. One of the most common solutions for people with Tax Resolution needs is an offer-in-compromise to the IRS. In this situation we will work on your behalf with the IRS to make sure you only pay a portion of the full amount owed. At the end of the day it is far more valuable to you and the IRS to work out an agreement and start making payments that you can afford. This Tax Resolution is a much better option compared to continued phone calls and letters from debt collectors asking for a minute of your time. If you are a property owner putting in place an offer in compromise may also help you avoid any tax liens against your property. For those who may be unemployed or low income workers there are also programs available to make sure you get the Tax Resolution advice you need. While this is a situation no one wants to find themselves in it does happen to good people. And at the end of the day it does not define you as a person if you are...
by Karla Dennis | Aug 18, 2013 | Blog
Did you know that if your financial records are not organized and up-to-date you could potentially be losing money every day? At Cohesive Tax they want you to know something that many business owners don’t: it’s absolutely imperative that you have quality bookkeeping records to ensure the success of your business. It’s astonishing how many business owners shrug off the responsibilities of bookkeeping and take it so lightly when the quality of bookkeeping records you maintain for your business can actually make or break it. Poor bookkeeping records can lead to a number of different issues for businesses and at Cohesive Tax they want to help curb those issues. For instance, if you own a business and you find that your tax planning becomes more difficult throughout the years, this is a heavy indicator that you need professional bookkeeping help because you’re not staying on top of a very important job. Also, if your expenses aren’t categorized this can also lead to problems in the future and not just at tax time. Sound bookkeeping records are imperative to the success of your business and the professionals at Cohesive Tax want to stress to you just how important they are. If you are in over your head, are having trouble at tax time or are constantly getting assessed late fees or penalties it is time to call in the professionals at Cohesive Tax. By implementing their bookkeeping services into your business they can solve the issues you were previously having, help you become more organized as well as help you reach financial goals and objectives for your business. Bookkeeping isn’t...
by Karla Dennis | Aug 15, 2013 | Blog
Hello everyone Karla Dennis here with Cohesive Tax talking with you today about the importance of having a tax reduction strategy in place. This blog is used to change how you think about your tax situation in order to keep the most money in your pocket after tax day has passed. If you have questions about tax strategy, resolution, or preparation please contact me via my website or call the office to discuss your current state of affairs. For those of you that have followed this blog you have probably heard me talk about the four main forms of tax strategy. Today I wanted to talk specifically about the tax reduction strategy that can help you the most. This means we are looking to reduce your taxes by simply following my four easy steps. First off, are you taking all the ordinary and necessary business deductions or write offs under code section 162 that you qualify for? This is very important that you take these normal deductions and write offs while also educating yourself on their benefits. Step two involves finding deductions from everyday expenses that are directly tied to your business. Examples of these could include a home office, business vehicles, or employees that are your children and can all help you save on your taxes. Step three is intended to make sure you are maximizing your deductions whether in the short or long term. This will involve expenses or assets that would normally be depreciated that may also have other tax benefits. A good example of this would be a company car. Depending on the condition of...
by Karla Dennis | Aug 15, 2013 | Blog
If you are a homeowner that is also in need of a Tax Resolution service it is important to understand what your tax situation means to your home. With the option to place a tax lien against your property the IRS does have the ability to keep you in a home until settling your tax debt. If this situation sounds like what you are going through contact a trusted tax expert today so your Tax Resolution needs do not get in the way of your home. For homeowners who find themselves in need of Tax Resolution services it is important to allow you situation affect the other. If you are attempting to sell your home in the near future any potential buyers will be able to see a tax lien that has been placed on your property. And unfortunately until this tax lien has been removed you will not be able to sell your current home. If an agreement is made upon listing the home that will settle any tax lien situations affecting the property this may be avoidable. In the case of some homeowners with an underwater mortgage they have been able to have a portion of the selling price of their home go to the settlement of their IRS debt. This is really the best outcome for both sides as your Tax Resolution needs are met and someone gets to move in to a new home. You may also want to remember that in selling your home for less than what your mortgage balance is may created additional taxes. This is because you were once loaned a...
