‘Standard’ Tax Advice

Posted Leave a commentPosted in Social Media, Tax Planning, Taxes

Tax accountant, tax planner, tax preparer: What’s the difference? Tax accountants, like other professionals, spend time crowdsourcing information and advice among peers in limited-access online social media groups. The advantages of this crowd sourcing are obvious: fast, free, draw upon wide range of experiences, etc. The disadvantages are also obvious: you often get what you […]

How to be a millionaire and not pay any taxes

Posted Leave a commentPosted in Entertainment, Taxes

Some may not remember that Steve Martin was once one of our nation’s best known tax advisers. This in addition to his accomplishments as a actor, comedian, writer, filmmaker, and musician. The year: 1978. The show: Saturday Night Live. The skit: You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. […]

A primer on the China tariffs

Posted Leave a commentPosted in Financial Planning, News and Politics, Taxes

What do you need to know as a consumer about about the China trade tariffs that starts today? This is a short bullet point summary. Legal background Tariffs are taxes authorized under Title 19 of U.S Code in 1930. The tax is based on Constitutional authority “The Congress shall have Power To lay and collect […]

What to do if you didn’t get a tax cut

Posted Leave a commentPosted in lawyer, Self-employed, Small Business, Tax Planning, Tax shelter, Taxes

What if you work in “any trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of 1 or more of […]

Ten million people with tax debt can still move forward with a normal financial and personal life

Posted Leave a commentPosted in Accounting, Financial Planning, Taxes

Millions of Americans are saddled with tax debt that prevents them from moving financially. That financial struggle impacts other aspects of life including mental and physical health and relationships. I’ve observed that the key to resolving these problems – even when they seem insurmountable in the beginning – is to establish a supportive professional relationship […]