Author: Tony Novak
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What the IRS Tax Compliance Report Doesn’t Know About Your Amended Return
The IRS recently began offering Tax Compliance Reports to individual taxpayers. According to the Service, the report shows whether you filed your returns and paid your taxes on time, and you can download it when applying for a job, a loan, a government benefit, or another service that requires proof of tax compliance. I pulled…
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We are Sustainable: Government is Not There Yet
Two friends left voicemails last night, concerned for my safety during the storm. I was hosting a community social in Millville and missed both calls. I am returning their calls today with good news: the only casualty at my place is a flag tangled by the wind. We had no flooding, no erosion, and no…
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Trump Account vs UTMA
Decades ago when I left a Wall Street firm to launch an independent advisory firm in Doylestown, Pennsylvania, we gifted $100 in Uniform Transfers to Minors Act (UTMA) accounts to newborns in the community. It was a great way to boost the concept of saving for children, and of course great marketing for our firm.…
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How to Open a Trump Account Without Downloading an App
A website visitor asked me how to open a Trump Account without installing an app on a phone. The question deserves a real answer rather than a shrug, because there are still places in the part of the United States where I live where cell service does not reach and people get online through a…
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Small business FinCEN compliance for 2024
This post details the compliance procedure that we will use for our own businesses, affiliates and clients under our control. Others may use a different procedure. If you own, operate or control a small business corporation or a limited liability company, you may need to file a new report with the federal government this coming…
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Why we use CPAs to testify about accounting statement fraud
Disclosure: While I have served as professional accounting witness in other unrelated court cases, I did not testify in past Trump fraud cases. In past Trump fraud cases in the 1990s, I offered accounting statements taken by an attorney for the plaintiff victims that included a statement of my direct communication with Trump and his…
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Two page business plan template
Flexible, experienced and affordable. Available short term/hourly, on a limited term project basis or for ongoing/permanent work
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Simple steps to a great financial plan
step by step actions needed to create a personal financial plan