If you haven’t yet checked out the coaching schedule at USTaxAid, take a second to do it here: http://www.usataxaid.com/coaching/

We’ve had a record number of people sign up for the coaching classes and are getting rave reviews.  Our next session is January 22nd on C Corporation Tricks and Traps.  When you sign up, you get copies of the last session (audio, written manual, homework PLUS taped coaching session) and will be able to download the next two programs.

Now, here’s the great news:  Membership in the coaching program is included as soon as you become a client at US TaxAid Services.

Real estate values plummeted in 2009. Stocks were up, down, all over the place in 2009. Massive lay-offs left employees without jobs.  Businesses up and down Main Street shuttered up and went home.  

More small businesses were started in 2009 then perhaps any other time in history. Millions of dollars were made by Internet Marketers and eCommerce businesses in ways never seen before.

And there were hundreds and hundreds of major tax law changes that came about in 2009.

There has never been a year like 2009 and there has never been year-end tax planning like you’ve got to do now.  

Join Diane Kennedy, CPA & her team of experts for one-of-a-kind year-end tax coaching starting in December, 2009.   Just $67 for live coaching!  Learn more at http://www.ustaxaid.com/coaching/

State budget cuts, employee lay-offs, and shortened workweeks are creating a nightmare for year-end tax planning.  In the past, we could count on getting through approval for next tax structures in the last 6 weeks or so of the year.  For some states, notably California, it’s already too late unless you hand carry your paperwork directly to Sacramento.

If you are tired of paying too much in taxes, don’t wait another day!  Contact Richard@USTaxAid.com or give him a call at 888.592.4769 to see how much we can save you in taxes.

If you are having a bad year, it might even be more important.  With our loss acceleration strategies, we can create a loss that will get you a tax refund for past years.  Call us and find out.

If you wait much longer, you’ll miss out on savings for 2009.

This is a FREE! teleseminar you don’t want to miss!  Join mortgage guru Joe White for a FREE! teleseminar with me on May 16, 2009, 9 am Pacific, 10 am Mountain, 11 am Central and Noon Eastern.  We’ll discuss what’s available in mortgage loans for today’s market.  PLUS Joe has promised a pre-release new book to everyone who joins us.  

Sign up today by going to http://www.DianesSeminars.com

Catch up on past seminars at http://www.DKTeleseminars.com

I’m proud to announce that Marco Carbajo, the nation’s foremost Business Credit Specialist, as a special guest for a FREE! teleseminar on April 25, 2009.  It’s 9 am Pacific, 10 am Mountain, 11 am Central and Noon Eastern.  You can sign up for FREE! at http://www.DianesSeminars.com.  

If you can’t make it for the live teleseminar, we will be recording it and make it available for a slight handling fee.  You can see past teleseminars at http://DianeKennedy.podbean.com.

The day you mail your tax return can dramatically change your chances of an IRS audit!  Learn more about this as well as dozens of other insider’s secret for free!  Join me on Saturday, March 14, 2009, for my FREE! Teleseminar “Audit Proof Your Tax Return.”   The teleseminar is Saturday, March 14, 2009 at 9 am Pacific, 10 am Mountain, 11 am Central and noon Eastern. 

Register by sending an email to TeleseminarA@DKTaxServices.com.  If you can’t make it, that’s okay.  We’ll send you a note when it’s posted at http://www.DianeKennedy.podbean.com for a slight handling charge.

The new Economic Stimulus Bill of 2009 gave us more options for your 2008 return.  The law is changing for 2009.  The IRS is out in force targetting Sole Proprietorships, single member LLCs, real estate investors, and anyone who takes a big mortgage interest deduction or charity deduction.

The average IRS audit will cost you over $10,000.  Are you sure your 2008 tax return is right?  Learn more with Before You File:  Last Minute Tax Tips for Business Owners and Investors at http://www.TaxLoopholes.com.

We just heard from one of the purchasers of the IRS Survival Guide for Real Estate Professionals with Real Estate Investors, available through www.TaxLoopholes.com. He’d already gone through the tough Real Estate Professional audit with the IRS audit teams for 2005, 2006, and 2007.

He’d had everything denied. He hired an expensive attorney and he proceeded to fight everything. All he’d gotten was a rising legal bill (figure as much as $50,000 in legal fees if you choose to go to Tax Court). The IRS Survival Guide gave him the straight answers no one had ever given him before. He realized that he really had no case.

It wasn’t the answer he wanted (he wanted to win), but he knew he would save tens of thousands in additional legal fees by doing the best deal he could with the IRS now. Sometimes the best advice you can get is knowing when it’s time to stop fighting and settle with the best deal you can get.

The federal deficit is growing and the government is looking for ways to balance it.  There is one thing that’s been effective lately - IRS audits.  The IRS audit teams have been successful at raising money and that means the number of audits is increasing.

The target for 2007 was real estate investors with losses.  They specifically targetted taxpayers with limited partnerships, who took real estate professional status and who owned multiple properties.  That’s still a red flag, but there are more now:

Sole Proprietorships

Capital gains/loss calculations (they’re going to want to see proof of basis when you sell)

Offshore accounts

JUST IN! One more.  Big mortgage interest payments.  You are allowed to take a mortgage interest deduction for $1 mill of purchase indebtedness.  Many people refinanced properties to take money out for other purchases, consolidate debts and other purposes.  The interest on that is not deductible!

Filing your return has never been more treacherous!  Watch out for the new red flags!

Tax laws for 2009 are already changing and that means you need to be careful how you file your 2008 tax return. Should you take income in 2008 or 2009?  Should you claim an expense now or wait a year?  Nothing is certain this year!

Plus, the IRS is on a heightened attack against taxpayers. How you file you return can determine how likely you are to get audited.

On February 20, 2009, I’m going to do an evening tax seminar in San Diego, CA just on this subject:  Before You File:  Last Minute Tips for Business Owners and Investors. You can combine it with my Saturday morning seminar (February 21, 2009) “Understanding Financial Statements for Everyday People” for total of just $69.  Find out more at: http://www.taxloopholes.com/index.php?s=stldetail&id=331