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Tax Preparation
Your CPAs Guide To The New ERC Crisis
IRS Announces Moratorium on the Employee Retention Credit and Provides Guidance for Civil Penalty Amnesty to Withdrawing Improper Claims, Also Known As - Don’t Deposit That Check and Hire Legal Counsel The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention Credit (“ERC”) when they did not technically qualify has caused…
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Tax Worries? You Don’t Have Attorney Client Privilege With Your Accountant
Taxes are complex, and the line between creative tax planning and tax evasion isn't always clear. How aggressive are you being? Are you claiming something the IRS may view as over the top? Do you have exposure for past years, and would amending your past tax returns make the situation…
Best Dividend Stocks For Reliable Income: July 2023
What are some good dividend stocks to buy? The right answer depends on your financial goals. With dividend stocks, there's usually a trade-off between yield and reliability. Said another way, the dividend-payers that generate maximum income for your investment dollar aren't always the most dependable. And the most dependable dividend…
Key Tax Changes Proposed In The New American Families And Jobs Act
The Internal Revenue Service (IRS) governs some of the most complex laws in the world. Beyond the complexity, the pace of change in the tax code is hard to keep up with year after year. This month, the latest round of proposed tax changes have implications for individuals and business…
Man Sentenced To 82 Months In Prison For Scheme That Defrauded Elderly Victims
A Nigerian national who targeted elderly U.S. victims has been sentenced to nearly seven years in prison for his role in the scheme. Emmanuel Samuel, 39, was charged as part of a group of fraudsters that sent personalized letters to elderly victims in the U.S. Earlier this year, Samuel, along…
Yes, The IRS Can Sue To Collect On A Debt.
It is important for all taxpayers to be at least aware of the power of the IRS, in an effort to incentivize compliance. This is due to the IRS possessing many arrows in its quiver to enforce US taxpayers’ payment of a deficiency. The IRS possesses an assessment statute of…
When Unions Saved New York City From Bankruptcy
The death of New York’s Richard Ravitch, a legendary civic and economic expert and problem solver, prompted the New York Times’ Ginia Bellafante to recall the city’s brush with bankruptcy in the 1970s. Noting Ravitch’s role in bringing unions into the city’s financial rescue, Bellafante wonders “could such an alliance…
IRS Gives Extra Time To Californians & Others In Disaster Areas
If you live in California or certain other disaster areas, watch your mail. The IRS is sending a special follow-up mailing to taxpayers in several states affected by disasters to let them know that they have additional time to pay their taxes. The IRS is taking this special step to…
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Creative Ways Startups Can Earn Funding in Tough Economic Times
In a declining economy, startups face an uphill battle when it comes to securing funding.…
I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
With all of the recent news about artificial intelligence (AI), it got me thinking about…
Ideas To Transform You From Good To Better To Best
A while back, I took a couple of my grandchildren on a tour of the…
5 Crucial Challenges Startups Must Overcome
Startups face numerous challenges on their journey to success, and failing to overcome any one…