When I coach clients on their tax strategy to legally reduce their taxes, many of the strategies require monitoring throughout the year. The monitoring serves two primary purposes:
#1 To Monitor the Numbers
Many tax strategies are based on income and expenses being at certain levels. It is not uncommon for these numbers to change during the [...]

They say that the only two things we can be absolutely certain of in life are death and taxes. But why DO we pay taxes? There had to be a point in time when people didn’t pay taxes, right?
In order to answer this, we need to look into the history of government and society. In [...]

Do you need to add an entity to your tax structure?
This is such an important question for mid-year planning because knowing the right time to add an entity to your tax strategy can often save as much as $10,000 per year in taxes!
What entity should you consider adding to your tax structure?
Many of you want [...]

The 1031 exchange is a simple technique used by investors to defer capital gains tax that you can use too. When the 16th Amendment was ratified in 1913, it allowed Congress to levy an income tax. However, it was not until 1918 that Congress passed the first income tax. This opened the door for a [...]

The simplest way to understand Tax Lien Certificates is to realize all real estate is taxed by the county and municipality. Taxes are collected to provide many different benefits to citizens. Every property owner is assessed for property tax one or more times each year. Tax districts & municipalities receive their revenue from property taxes.
In [...]

There is a silver lining to the present state of our economy the potential goldmine that is the now thriving tax lien certificate market. The credit crunch has given rise to new opportunities to make some very good money. If you’ve considered tax lien investing but are apprehensive about getting started well, there’s no better [...]

There are a large number of tax deductions for home business owners. If you have your own home based business, it is imperative that you learn as much as possibly can regarding the tax deductions that you can take part in. You are entitled to many interesting deductions that you may not had previously known [...]

I thought Big Brother was busy regulating eating habits in Los Angeles but he does seem to get around! It seems as if he’s had his fingers in the new housing bailout bill just signed by President Bush. This should not be a surprise to anyone. After all, it was to the IRS that Congress [...]

It’s possible to settle tax liabilities in a number of ways. The various methods differ in how they affect the tax balance due and the payment plan, but there’s a lot of flexibility in how both are handled. Skillful negotiation with the IRS can lead to resolution of most tax problems.
According to Your Terms:
When you [...]

Where do I Begin? So you’ve gotten yourself into a big mess with the IRS. Now you want to settle your debt once and for all. But where do you start? First of all, you’re not even sure what you can do. Depending on your situation, you may qualify for multiple programs. How do you [...]