by Karla Dennis | Oct 3, 2014 | Blog
5 WAYS TO AVOID THE RECENT TAX SCAM According to IRS.gov, The Internal Revenue Service issued a recent consumer alert providing taxpayers with additional tips to protect themselves from telephone tax scam artists calling and pretending to be with the IRS. Over the last eight months, this scam of individuals pretending to be IRS and calling taxpayers has been highlighted in the news. These callers may demand money or tell you have a refund due and try to trick you into sharing your private information. These people are con artists and can sound very convincing when they call. They will have done their homework and will know a lot about you, and they will change the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don’t answer, they often leave an “urgent” callback...
by Karla Dennis | Sep 29, 2014 | Blog
While it’s tempting just to check off the box to take the standard deduction, I will urge you to take the time to itemize your deductions, especially if you are a business...
by Karla Dennis | Sep 26, 2014 | Blog
So can I write off this meal? That’s a question I often get from business owners. And really the answer is: be honest with yourself. Did the meal involve your...
by Karla Dennis | Sep 21, 2014 | Blog
hen someone has been left with back taxes fear can often blind people to the point that they don’t take time to really consider their options. There are some ways that you can avoid an IRS tax lien when tax resolution time comes around. To begin, it is important that you understand what an IRS tax lien so you can see how to find an appropriate tax resolution. A tax lien is a claim against your property that is used as a security deposit to ensure that you pay back taxes that are owed to the federal government. In a tax lien you could potentially lose all of your property if the taxes aren’t paid. First, don’t let fear of the IRS drive your choices. Too many people think that avoidance is the best way to avoid the IRS, but this opposite of what you should do. In fact, your tax resolution issues will only get worse if you put off the lien. In fact, most liens indicate an exact time period that you have to reply to the lien. Oftentimes, you will only have five days to reply to the notice. read...
by Karla Dennis | Sep 19, 2014 | Blog
Is it a good idea to start your own business? Listen, if you have a skill set that you can monetize, and I know you do, it’s a good idea to start your own business. And, before you tell me that it’s impossible, and that you won’t be able to cover your bills, remember this: nothing in life that’s worth it comes easy. So plant the seeds for your own business outside of the time you are working at your full-time...
