Tag Archive | "new business tax"

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New Target for IRS Audits

Posted on 19 January 2009

The IRS is gearing up for the next onslaught of audit attacks.  This time they’re after Sole Proprietorships aka Schedule C filers.  Remember if you have a Single Member LLC and have NOT elected how to be taxed for your business, you’re going to default right into the Sole Proprietorship category.

Based on the number of auditors moved over to this task force, you can figure that about 1 in 3 Sole Proprietorships is going to get tagged for audit.  If you have a Sole Proprietorship now or an LLC that is taxed as one, change it!

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Coaching Sessions Are FREE! Bonus to Clients

16 January 2010

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 [...]

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Announcement

Are You Saving Taxes The Wrong Way?

25 January 2010

Every week I do FREE! tax reviews of past tax returns. In many cases, I find easy solutions that would have saved the taxpayer tens of thousands of dollars in taxes each and every year.  In a few cases, I can’t find anything and I’m the first one to say that.  I never want to [...]

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Success Stories

Creating Multiple Streams of Income

30 July 2010

Instant gratification. For some people, it’s a lifestyle. For business owners, it can be a trap. I see instant gratification in business terms as a deal or a project that makes you money right now. Nothing wrong with that – we’ve all got to keep the lights on and food in the cupboard. And in [...]

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