Dec 18, 2024 | Uncategorized
As the calendar year winds down, it’s not uncommon to see social media posts—especially on platforms like TikTok and Instagram—encouraging business owners to purchase a luxury SUV or truck to “write it off at 100%.” While these catchy snippets make for great viewing,...
Dec 9, 2024 | Uncategorized
Navigating the IRS rules for food and beverage expense deductibility can be challenging. This guide simplifies key scenarios and explains deductibility percentages to help you stay compliant while maximizing your deductions. Common Scenarios and Deductibility...
Nov 17, 2024 | Uncategorized
Over the years, I’ve seen firsthand how overwhelming it can be for individuals and businesses to deal with the IRS. While the IRS has some great resources, like the Taxpayer Advocate Service (TAS), many clients come to me because they need a personal touch and someone...
Oct 17, 2024 | Uncategorized
Significant tax debt can be overwhelming, and many taxpayers are unsure where to turn. One of the most powerful tools for resolving tax debt is the IRS’s Offer in Compromise (OIC) program, which allows qualifying taxpayers to settle their tax liabilities for less than...
Oct 6, 2024 | Uncategorized
The cannabis industry is facing an ongoing tax dilemma, particularly regarding Section 280E of the Internal Revenue Code, and a recent warning from the IRS suggests that businesses hoping for tax relief may be in for a rude awakening. What is Section 280E? Section...
