Author: taxsecretsblog

The early Presidential debates for the 2024 election cycle have begun, and one topic that's expected to take center stage is the future of the U.S. tax code. Tax policy questions loom large, and the 46th person to serve as United States President – remember,

In a tale that could rival even the most gripping golf tournament dramas, a recent event in Central Florida saw a hole-in-one winner denied her coveted prize – a brand-new Mercedes-Benz. Linda L. Chen's remarkable feat on the 11th hole at Isleworth Golf & Country

Article Highlights: Promoter Pressure Special Withdrawal Option in The Works Willfully Filed Fraudulent Claims Proper ERC Claims Improper Claims Advice for Taxpayers Those Currently Awaiting an ERC Claim  Those Who Haven’t Filed a Claim Yet Withdrawing an Existing Claim Already Filed Wait For the IRS

Article Highlights: Tax Return Mistakes are Common Fixing Tax Return Mistakes Amended Return Superseding Return Don’t Procrastinate in Responding to IRS Common Family Tax Mistakes Generally speaking, tax return mistakes are a lot more common than you probably realize. Taxes have grown complicated, and the

In the dynamic world of start-ups, securing funding is the lifeblood of growth and innovation. However, as interest rates begin to rise, entrepreneurs find themselves facing a new set of challenges. In this article, we'll explore the multifaceted impact of rising interest rates on start-up

Article Highlights: What is unclaimed property? How can you find unclaimed property? Is the unclaimed property you find taxable? What are your chances of finding unclaimed property in your name? Unclaimed property refers to accounts in financial institutions and companies that have had no activity

Article Highlights Starting a Business What Expenses Qualify as Start-up and Organizational Costs Tax Treatment of Start-up and Organizational Costs Common Start-up and Organizational Costs Summary Starting a business can seem daunting to the prospective entrepreneur.  A step-by-step plan to get started can alleviate some

Article Highlights The Importance of Business Succession Planning The Main Issues The People Aspect The Money Aspect Cross-Purchase Agreements Entity-Purchase Agreements Sales, Gifts, and Inheritances Summary The Importance of Business Succession Planning Every business – large and small – needs a business succession plan.  Just

Recently, the Internal Revenue Service (IRS) has markedly intensified its efforts to uncover instances of tax evasion, leaving no room for tax dodgers to go unnoticed. A striking case that serves as a stern reminder of this heightened scrutiny involves Dr. Fares J. Rabadi, a

Article Highlights: Partner Employee Issue Self-employment Tax If your partnership has been treating you and other partners as employees of a disregarded entity owned by the partnership so the partners can participate in employee benefit plans and receive other employee benefits, you’d better read this.