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Pre Audit Preparation Tips

Thursday, February 29

Everyone should do their utmost to prevent an audit on their taxes, but you should always be prepared for an audit. The best way to increase your chances of coming out of audit unscathed is to keep excellent records. The IRS will not take your word as proof of anything, so it pays to have as much...


IRS Audit Prevention Tips

Thursday, February 08

There are many ways to reduce your chances of being audited by the IRS. As we’ve discussed in previous articles, the IRS has red flags for certain industries and tax filing behavior. Unfortunately, real estate investors and business owners stand a far greater chance of being audited than their sa...


Last Minute Year End Tax Tips

Thursday, December 14

There’s not much of the year left and many people are scrambling to save whatever they can on their taxes. Yes, it’s quite possible to save a ton of money before the year is out and start the new year fresh ready to focus on wealth building, now more than ever is important to attend to your year ...


Year End Tax Saving Tips for Real Estate Investors

Thursday, December 07

At this time of year, real estate investors, landlords, property owners, and vacation owners must take advantage of tax-saving opportunities. Tax planning should be a priority so you can reap the rewards when tax filing time rolls around. Here are some year-end tax strategies to use, but you must...


Year End Tax Tips to Save you Money

Wednesday, November 22

Individuals & Self-Employed Plain vanilla year-end tax planning strategies suggest that all taxpayers should generally defer income and accelerate expenses in order to reduce current-year taxable income and tax liabilities. But the AMT (Alternative Minimum Tax) is becoming an increasingly big...


Why You Should do Year End Tax Planning

Friday, November 17

Once December 31st has come and gone, your tax liability for the tax year will be set in stone. Until then, and especially now that your final tax picture for the year is becoming clearer, year-end tax planning presents a unique last chance to lower your tax bill. This frees up more money for you...