Last week, I had the chance to attend the IRS Tax Forum in my hometown of Chicago, Illinois. It was my first time attending such an event, and I found it incredibly enlightening. The forum was a three-day event packed with informative seminars throughout the day, featuring many top IRS officials,...
Have you noticed what's going on with stores lately? It's crazy out there. Everywhere you look, another store is shutting down. And it's not just in my neighborhood—this is happening all over. The Miami Times is calling it a retail apocalypse.
The Retail Apocalypse in the US 2024
Get this: 3,20...
Anthony Farrer Latest News: The Time Piece GentlemanÂ
Anthony Farrer, a former YouTube sensation and once-celebrated luxury watch dealer known as the Timepiece Gentleman, is now behind bars. He is accused by the FBI of running a massive Ponzi scheme, defrauding customers and investors of approxi...
BOI, or Beneficial Ownership Information Reporting, is now a must-do for most businesses. If you don’t follow the rules, you could face a $10,000 fine and up to two years in prison. Also, if someone breaks the BOI reporting rule on purpose, they could get a civil fine of $591 for each day they do...
Summer Tax Hacks: How Parents Can Save Big on Summer Camp Expenses
Summer is here, and if you have kids, they’re probably enrolled in summer camp. Did you know that these expenses may be deductible on your taxes? Today, I’ve got a hot tip that might just make your summer a little cooler, especia...
Understanding IRS Audit Rates and Top Triggers for an Audit
The recent influx of new funding for the IRS is poised to increase audit rates. Currently, the IRS audit rate stands at under 1%. While this might sound reassuring, it’s important to understand the potential costs associated with an IRS...
If you're using payment apps like PayPal, Venmo, or Cash App, you need to pay close attention.
As you probably know, the IRS has made some major changes to the new 1099K reporting rules, and it could have serious implications for you as far as IRS tax reporting goes.
But don't worry, I've got y...
Hey, everyone. It's June 2024. I wanted to let you know about what's going on with the IRS as far as them sending out incorrect CP14 notices.
Now, if you don't know what that is, it's an IRS notice sent to taxpayers informing them that they owe money on unpaid taxes. It provides details about th...
Introduction: Is Your Tax Information Being Outsourced Overseas?
Is the accountant shortage in the U.S. real, or is it just an excuse to outsource American jobs to other countries like India or the Philippines?
Amid the ongoing accountant shortage in the USA, more tax firms are turning to outso...
Have you ever wished you could avoid financial mistakes that many other people make? What if I told you that 10 simple lessons could transform your approach to money and life, saving you from years of frustration and regret?
In this blog post, I'm sharing just that from my own personal experienc...
Introduction: 2024 Tax Season Wrap Up
Tax season has finally wrapped up and I can finally relax a bit. This was my ninth tax season working for myself, and I have to say it was the most successful tax season to date. This is in terms of the amount of money I made and that it was mostly stress-fr...
My family emigrated to this great country of America in the 1970s. My dad had $70 in his wallet, a wife and kids in tow. He was very smart, educated as a CPA in the Philippines. He had a bold business plan with other like-minded men. They came to this country legally and with the American dream s...
