Many taxpayers consider filing their returns a periodic chore that they have little or no control over. They simply fill out the form, deduct a few basic expenses, and cut a check for the amount due. They are discouraged to see such a large amount lost to taxes, but they assume their tax preparer or […]
Certified Tax Coach
Quick Tips for Tax Savings: Physician Edition
Doctors offer critical services to the community through prevention and treatment of health issues. However, getting the necessary education and experience can be challenging – both physically and financially. In an effort to make life a bit easier for physicians, lawmakers have put together a variety of programs to reduce tax liability for doctors. Maximizing […]
Tips for Creating a Comprehensive Tax Minimization Plan for Your Estate
Tax minimization strategies aren’t just for your wealth-building years. It is also critical to consider the taxes that could be assessed to your estate after your death. The cost of passing your wealth to beneficiaries can be shockingly high. Without careful planning, a lifetime of hard work and conscientious saving can be undone after your […]
Simple Solutions for Resolving Outstanding Tax Debt
Despite your best efforts, there is always a possibility that your tax bill will be larger than planned. For those on a tight budget, this can be a problem. Fortunately, if you can’t afford to pay your bill in full by the date it is due, the IRS offers several alternative options. The most important […]
Inside Stories from Accountants Who Have Seen It All
The accounting profession is generally quite serious, but even the most solemn tax preparation specialists can find humor in the more outrageous deductions their clients have attempted. Creativity certainly has its place – and there is a long list of expenses that might qualify you for tax savings – but some taxpayers push the boundaries […]
Grow Your Wealth with Tax-Advantaged Income
When it comes to minimizing taxes, most people focus their efforts on maximizing deductions. They look for opportunities to reduce their taxable income by taking advantage of tax laws that allow a wide variety of expenses to be claimed as costs of doing business. This technique is a critical component of your comprehensive tax strategy, […]