Automatic Pre-Audit Preparation
Friday, April 07
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 an audit unscathed is to keep excellent records. The IRS will not take your word as proof of anything, so it pays to have as m...
Walls of Defense Against IRS Audits
Thursday, March 30
IRS AUDIT PREVENTION TIPS 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 b...
Critical Review Areas that IRS Target for Audits
Thursday, March 09
Approximately 1.5% of all taxpayers are audited every year. Despite this relatively small number, the IRS still causes many people to shake in their boots when contemplating the chance of an audit. The odds are low that you would be picked for an IRS audit because the IRS does not have enough per...
Building Your own Power Team
Thursday, January 26
Successful real estate investors and business owners have one thing in common: they always have a team of experts at their disposal. Creating a ‘power team’ is vital to your wealth building strategy, and you will certainly be lost without experts to advise and guide you on your entrepreneurial jo...
Financial Planning to Save You a Fortune
Thursday, January 19
Financial planning requires a system you can follow to be fully prepared for tax time. It’s imperative that as real estate investors and business owners, you create an accounting strategy that avoids expensive mistakes, gets the most deductions, and plans your wealth building accordingly. Here ar...
Last Minute Year End Tax Tips
Thursday, December 15
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 ...