Author: taxsecretsblog

In a bold move to preserve California’s status as a global entertainment hub, Governor Gavin Newsom is proposing a major expansion to the state’s film and television tax incentives. Shows like MasterChef, Supergirl, and The Kelly Clarkson Show have all relocated production to other states, attracted

As a baby boomer, you may find yourself approaching retirement with less savings than you'd hoped. Whether due to economic fluctuations, personal circumstances, or simply the demands of life, many late starters face this challenge. However, it’s never too late to take action. Here are

November 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during October 2024, you are required to report them to your employer on IRS Form 4070 no later than November 12. Your

Tax avoidance is a tale as old as, well, taxes themselves, with individuals and companies constantly seeking creative (and often strange) ways to reduce their liabilities. While most of us rely on accountants to help find wholly legal deductions, some schemes venture into truly bizarre

October 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 10. Your employer

Have you ever dreamed of seeing the world on your employer’s dime? If so, Emirates’ latest hiring spree could be the answer you’ve been looking for. Emirates, the world-renowned airline based in Dubai, is making waves with its latest hiring campaign, particularly targeting Australian candidates.

The esports and gaming industry has skyrocketed into the spotlight, quickly becoming a lucrative sector with a global following. What started as a niche hobby has transformed into a multi-billion-dollar industry, captivating audiences and players alike. With blockbuster tournaments, sponsorships, and streaming revenues, the financial

We often encounter clients who are at a crossroads: should they continue renting or take the plunge into homeownership? While renting offers flexibility, there comes a point when it may no longer make financial sense. This article will explore the tax implications, the impact of

Rafael Alvarez, better known as "The Magician," has become infamous for one of the largest tax fraud schemes ever prosecuted by the U.S. government. His story is a surprisingly gripping tale about the potential dangers of unethical practices in the tax preparation industry, which generally

Behind many a high-profile financial scandal, there lies a spouse who faces both public scrutiny and also legal challenges of their own. Women like Ruth Madoff and Eleanor Daugerdas have found themselves inextricably entangled in the fallout of their husbands’ crimes. Here, we delve into