Year End Tax Planning Tips
Here are some of the most important, according to AccountingToday, 2016 tax-planning considerations for individuals: Accelerate Deductions and Defer Income: Â It sometimes makes sense to accelerate deductions and defer income. There are plenty of income items and expenses you may be able to control. Consider deferring bonuses, consulting income or self-employment income. On the deduction […]
Check Cashing Store Owner Sees Dead People and Cashes Their Tax Refund Checks
Owner, Junior Jean Baptiste, of a North Miami check cashing store named Surveillance Masters, was convicted of numerous crimes including theft of government funds, or plainly stated he cashed in other peoples’ tax refund checks. Evidence presented at court showed that from 2009 to 2011, Baptiste knowingly cashed over $11 million in fraudulent tax return […]
How To Request Your Own IRS Transcripts
When negotiating a deal with the IRS it is extremely important to have all of the facts. Â The IRS knows everything about you and your past filings, so shouldn’t you too? Â In all matters that we handle with the IRS, we ALWAYS request the taxpayers, or business’ IRS transcripts. Â While we have a special privilege […]